B. Riley Financial Cuts Alpha and Omega Semiconductor (NASDAQ:AOSL) Price Target to $34.00

Alpha and Omega Semiconductor (NASDAQ:AOSL) had its price objective cut by B. Riley Financial from $38.00 to $34.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a neutral rating on the semiconductor company’s stock.

Several other equities analysts have also weighed in on the stock. Lake Street Capital assumed coverage on shares of Alpha and Omega Semiconductor in a report on Thursday, June 25th. They set a “buy” rating and a $58.00 target price on the stock. Wall Street Zen lowered Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday, July 25th. Needham & Company LLC dropped their price target 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. Weiss Ratings reiterated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a report on Friday, July 17th. Finally, Stifel Nicolaus upped their price objective on shares of Alpha and Omega Semiconductor from $36.00 to $42.00 and gave the company a “hold” rating in a research report on Wednesday, June 24th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $41.50.

Alpha and Omega Semiconductor Stock Performance

NASDAQ AOSL opened at $30.77 on Thursday. Alpha and Omega Semiconductor has a one year low of $17.01 and a one year high of $54.34. The company’s 50 day moving average price is $37.67 and its 200 day moving average price is $32.55. The firm has a market capitalization of $920.95 million, a price-to-earnings ratio of -21.82 and a beta of 2.60.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its quarterly earnings results on Wednesday, August 12th. The semiconductor company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.11. Alpha and Omega Semiconductor had a negative net margin of 6.23% and a negative return on equity of 4.88%. The firm had revenue of $170.37 million for the quarter, compared to analysts’ expectations of $168.00 million. During the same period in the previous year, the company posted $0.02 earnings per share. Alpha and Omega Semiconductor’s revenue was down 3.5% compared to the same quarter last year. Sell-side analysts forecast that Alpha and Omega Semiconductor will post -1.78 EPS for the current fiscal year.

Insider Transactions at Alpha and Omega Semiconductor

In related news, EVP Bing Xue sold 4,916 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $47.09, for a total transaction of $231,494.44. Following the transaction, the executive vice president directly owned 123,660 shares in the company, valued at $5,823,149.40. This trade represents a 3.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 16.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. bought a new position in Alpha and Omega Semiconductor in the third quarter worth about $62,000. Strs Ohio bought a new position in shares of Alpha and Omega Semiconductor during the first quarter valued at approximately $70,000. iSAM Funds UK Ltd acquired a new stake in shares of Alpha and Omega Semiconductor during the 3rd quarter worth approximately $91,000. Globeflex Capital L P acquired a new stake in shares of Alpha and Omega Semiconductor during the 2nd quarter worth approximately $182,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Alpha and Omega Semiconductor by 574.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,957 shares of the semiconductor company’s stock worth $127,000 after purchasing an additional 4,222 shares during the period. Institutional investors own 78.97% of the company’s stock.

About Alpha and Omega Semiconductor

Alpha and Omega Semiconductor Limited (NASDAQ: AOSL) is a designer and supplier of power semiconductor components used in power management applications across a range of electronic systems. The company offers a broad portfolio of discrete and integrated power devices, including power MOSFETs, rectifiers, voltage regulators, and power management ICs. These products are optimized for high efficiency, compact form factors and thermal performance, catering to the growing demands of energy-sensitive applications in computing, consumer electronics, communications and industrial markets.

Since its founding in 2000, Alpha and Omega Semiconductor has leveraged in-house design expertise and strategic partnerships with manufacturing facilities to deliver scalable, high-volume production.