Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) Stock Now Rated "Hold" by Wall Street Brokerages

Key Points

• Alpha and Omega Semiconductor has a consensus “Hold” rating from seven analysts: three buys, three holds and one sell. The average 12-month price target is $40.17, above the stock’s reported $22.60 opening price.
• The company’s latest quarterly results beat expectations, with an adjusted loss of $0.13 per share versus the projected $0.24 loss and revenue of $170.37 million versus the $168 million consensus. However, revenue declined 3.5% year over year, while net margin and return on equity remained negative.
• Institutional investors own nearly 79% of AOSL shares, with several funds recently initiating or increasing positions. Analyst sentiment remains mixed, including a recent downgrade to “Sell” and multiple price-target reductions.

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL - Get Free Report) has been assigned an average rating of "Hold" from the seven research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $40.17.

A number of research analysts have commented on AOSL shares. Lake Street Capital started coverage on shares of Alpha and Omega Semiconductor in a research report on Thursday, June 25th. They set a "buy" rating and a $58.00 target price on the stock. Stifel Nicolaus reduced their price target on shares of Alpha and Omega Semiconductor from $38.00 to $34.00 and set a "hold" rating for the company in a report on Monday, October 5th. Williams Trading set a $45.00 price target on shares of Alpha and Omega Semiconductor in a research report on Thursday, August 13th. Needham & Company LLC dropped their price objective on shares of Alpha and Omega Semiconductor from $50.00 to $45.00 and set a "buy" rating on the stock in a research note on Thursday, August 13th. Finally, Wall Street Zen downgraded shares of Alpha and Omega Semiconductor from a "hold" rating to a "sell" rating in a research note on Saturday, July 25th.

Alpha and Omega Semiconductor Trading Up 3.9%

AOSL opened at $22.60 on Tuesday. The company has a market capitalization of $685.01 million, a price-to-earnings ratio of -16.03 and a beta of 2.64. Alpha and Omega Semiconductor has a 12-month low of $17.01 and a 12-month high of $54.34. The business's fifty day simple moving average is $26.84 and its 200-day simple moving average is $34.13.

Alpha and Omega Semiconductor (NASDAQ:AOSL - Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The semiconductor company reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.11. Alpha and Omega Semiconductor had a negative return on equity of 4.88% and a negative net margin of 6.23%. The firm had revenue of $170.37 million during the quarter, compared to the consensus estimate of $168.00 million. During the same period in the previous year, the company posted $0.02 earnings per share. The firm's quarterly revenue was down 3.5% on a year-over-year basis. On average, equities research analysts predict that Alpha and Omega Semiconductor will post -1.70 EPS for the current year.

Institutional Trading of Alpha and Omega Semiconductor

Hedge funds have recently bought and sold shares of the stock. Congress Asset Management Co. lifted its stake in shares of Alpha and Omega Semiconductor by 21.3% during the 3rd quarter. Congress Asset Management Co. now owns 246,735 shares of the semiconductor company's stock worth $6,785,000 after purchasing an additional 43,275 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new stake in Alpha and Omega Semiconductor during the first quarter valued at about $877,000. Y Intercept Hong Kong Ltd bought a new stake in Alpha and Omega Semiconductor during the first quarter valued at about $784,000. First Citizens Bank & Trust Co. purchased a new position in Alpha and Omega Semiconductor in the first quarter valued at about $351,000. Finally, Louisiana State Employees Retirement System purchased a new position in Alpha and Omega Semiconductor in the first quarter valued at about $244,000. Hedge funds and other institutional investors own 78.97% of the company's stock.

About Alpha and Omega Semiconductor

Alpha and Omega Semiconductor Limited NASDAQ: AOSL is a semiconductor company that designs, develops and supplies power-management products. Its portfolio includes power discrete devices, power integrated circuits, power modules and related products used to control, convert and manage electrical power in electronic systems.

The company's products include power MOSFETs, insulated-gate bipolar transistors, silicon carbide and gallium nitride devices, transient-voltage-suppression products, and various power-management integrated circuits.

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