Needham & Company LLC Cuts Alpha and Omega Semiconductor (NASDAQ:AOSL) Price Target to $45.00

Alpha and Omega Semiconductor (NASDAQ:AOSL) had its price objective trimmed by Needham & Company LLC from $50.00 to $45.00 in a research note issued to investors on Thursday morning, MarketBeat reports. The firm currently has a buy rating on the semiconductor company’s stock.

A number of other equities research analysts have also weighed in on AOSL. Lake Street Capital started coverage on Alpha and Omega Semiconductor in a research report on Thursday, June 25th. They set a “buy” rating and a $58.00 target price for the company. Wall Street Zen downgraded Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research report on Saturday, July 25th. Stifel Nicolaus lifted their price target on shares of Alpha and Omega Semiconductor from $36.00 to $42.00 and gave the stock a “hold” rating in a report on Wednesday, June 24th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a report on Friday, July 17th. Three research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $41.50.

Alpha and Omega Semiconductor Stock Performance

Alpha and Omega Semiconductor stock opened at $30.77 on Thursday. The company has a 50 day moving average price of $37.67 and a 200-day moving average price of $32.55. Alpha and Omega Semiconductor has a fifty-two week low of $17.01 and a fifty-two week high of $54.34. The company has a market capitalization of $920.95 million, a PE 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 (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $168.00 million. During the same quarter in the previous year, the business earned $0.02 earnings per share. Alpha and Omega Semiconductor’s quarterly revenue was down 3.5% on a year-over-year basis. On average, analysts forecast that Alpha and Omega Semiconductor will post -1.78 earnings per share for the current year.

Insider Activity at Alpha and Omega Semiconductor

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AOSL. Globeflex Capital L P purchased a new position in shares of Alpha and Omega Semiconductor during the second quarter worth $182,000. Empowered Funds LLC boosted its holdings in shares of Alpha and Omega Semiconductor by 9.9% in the 1st quarter. Empowered Funds LLC now owns 120,331 shares of the semiconductor company’s stock valued at $2,667,000 after buying an additional 10,790 shares in the last quarter. Quantinno Capital Management LP boosted its position in shares of Alpha and Omega Semiconductor by 15.2% in the 1st quarter. Quantinno Capital Management LP now owns 37,248 shares of the semiconductor company’s stock valued at $825,000 after purchasing an additional 4,915 shares during the period. Public Employees Retirement System of Ohio raised its position in Alpha and Omega Semiconductor by 1,361.0% in the 1st quarter. Public Employees Retirement System of Ohio now owns 9,628 shares of the semiconductor company’s stock valued at $213,000 after purchasing an additional 8,969 shares during the last quarter. Finally, First Citizens Bank & Trust Co. acquired a new position in shares of Alpha and Omega Semiconductor in the first quarter valued at approximately $351,000. 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 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.