Alpha and Omega Semiconductor (NASDAQ:AOSL) Price Target Increased to $36.00 by Analysts at Stifel Nicolaus

Alpha and Omega Semiconductor (NASDAQ:AOSL) had its price target upped by Stifel Nicolaus from $21.00 to $36.00 in a research note published on Thursday, Benzinga reports. They currently have a sell rating on the semiconductor company’s stock.

Several other research firms have also commented on AOSL. Benchmark lifted their price target on shares of Alpha and Omega Semiconductor from $28.00 to $42.00 and gave the company a buy rating in a research report on Friday, June 28th. B. Riley raised their target price on Alpha and Omega Semiconductor from $40.00 to $50.00 and gave the stock a buy rating in a research note on Thursday, July 11th.

Alpha and Omega Semiconductor Stock Down 5.1 %

Shares of AOSL opened at $43.05 on Thursday. The stock has a fifty day simple moving average of $33.35 and a two-hundred day simple moving average of $26.94. The company has a quick ratio of 1.23, a current ratio of 2.47 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $1.24 billion, a PE ratio of -126.62 and a beta of 2.39. Alpha and Omega Semiconductor has a 52-week low of $19.38 and a 52-week high of $47.45.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its quarterly earnings data on Tuesday, May 7th. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.10. Alpha and Omega Semiconductor had a negative net margin of 1.44% and a positive return on equity of 1.39%. The firm had revenue of $150.10 million during the quarter, compared to analysts’ expectations of $150.13 million. During the same period last year, the business earned ($0.59) earnings per share. Alpha and Omega Semiconductor’s revenue was up 13.2% compared to the same quarter last year. As a group, equities analysts forecast that Alpha and Omega Semiconductor will post -0.19 EPS for the current year.

Institutional Investors Weigh In On Alpha and Omega Semiconductor

Institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP lifted its holdings in shares of Alpha and Omega Semiconductor by 288.5% in the 3rd quarter. Wellington Management Group LLP now owns 293,300 shares of the semiconductor company’s stock worth $8,752,000 after acquiring an additional 217,800 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in Alpha and Omega Semiconductor by 101.8% in the first quarter. Jacobs Levy Equity Management Inc. now owns 199,369 shares of the semiconductor company’s stock valued at $4,394,000 after purchasing an additional 100,591 shares during the period. Peregrine Capital Management LLC raised its position in Alpha and Omega Semiconductor by 46.8% in the first quarter. Peregrine Capital Management LLC now owns 295,652 shares of the semiconductor company’s stock valued at $6,516,000 after purchasing an additional 94,196 shares during the period. The Manufacturers Life Insurance Company lifted its stake in Alpha and Omega Semiconductor by 8.6% during the fourth quarter. The Manufacturers Life Insurance Company now owns 1,092,295 shares of the semiconductor company’s stock worth $28,465,000 after purchasing an additional 86,366 shares in the last quarter. Finally, First Eagle Investment Management LLC boosted its position in shares of Alpha and Omega Semiconductor by 18.9% during the first quarter. First Eagle Investment Management LLC now owns 446,542 shares of the semiconductor company’s stock worth $9,842,000 after buying an additional 71,000 shares during the period. 78.97% of the stock is currently owned by institutional investors and hedge funds.

About Alpha and Omega Semiconductor

Alpha and Omega Semiconductor Limited designs, develops, and supplies power semiconductor products for computing, consumer electronics, communication, and industrial applications in Hong Kong, China, South Korea, the United States, and internationally. It offers power discrete products, including metal-oxide-semiconductor field-effect transistors (MOSFET), SRFETs, XSFET, electrostatic discharge, protected MOSFETs, high and mid-voltage MOSFETs, and insulated gate bipolar transistors for use in smart phone chargers, battery packs, notebooks, desktop and servers, data centers, base stations, graphics card, game boxes, TVs, AC adapters, power supplies, motor control, power tools, E-vehicles, white goods and industrial motor drives, UPS systems, solar inverters, and industrial welding.