Stifel Nicolaus Forecasts Strong Price Appreciation for Alpha and Omega Semiconductor (NASDAQ:AOSL) Stock

Alpha and Omega Semiconductor (NASDAQ:AOSL) had its target price upped by equities research analysts at Stifel Nicolaus from $25.00 to $29.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “hold” rating on the semiconductor company’s stock. Stifel Nicolaus’ target price would indicate a potential downside of 4.79% from the company’s previous close.

A number of other equities research analysts have also issued reports on AOSL. Weiss Ratings restated a “sell (d-)” rating on shares of Alpha and Omega Semiconductor in a research note on Wednesday, October 8th. B. Riley upped their price objective on Alpha and Omega Semiconductor from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, July 11th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $32.00.

Alpha and Omega Semiconductor Stock Down 1.7%

Shares of NASDAQ AOSL opened at $30.46 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.34 and a current ratio of 2.56. Alpha and Omega Semiconductor has a 1 year low of $15.90 and a 1 year high of $53.29. The stock’s 50-day simple moving average is $28.34 and its 200-day simple moving average is $25.04. The firm has a market cap of $915.02 million, a price-to-earnings ratio of -9.31 and a beta of 2.10.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings data on Wednesday, August 6th. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.03. Alpha and Omega Semiconductor had a negative return on equity of 0.83% and a negative net margin of 13.93%.The company had revenue of $176.50 million for the quarter, compared to the consensus estimate of $170.03 million. During the same period in the previous year, the business earned $0.09 EPS. Alpha and Omega Semiconductor’s revenue for the quarter was up 9.4% compared to the same quarter last year. As a group, equities analysts anticipate that Alpha and Omega Semiconductor will post -0.82 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Alpha and Omega Semiconductor

Several institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC raised its position in shares of Alpha and Omega Semiconductor by 137.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 1,012 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 586 shares during the period. GAMMA Investing LLC grew its stake in Alpha and Omega Semiconductor by 94.7% during the 1st quarter. GAMMA Investing LLC now owns 1,221 shares of the semiconductor company’s stock worth $30,000 after buying an additional 594 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Alpha and Omega Semiconductor by 49.0% in the second quarter. PNC Financial Services Group Inc. now owns 1,533 shares of the semiconductor company’s stock worth $39,000 after buying an additional 504 shares during the period. Farther Finance Advisors LLC lifted its stake in Alpha and Omega Semiconductor by 953.2% in the second quarter. Farther Finance Advisors LLC now owns 1,801 shares of the semiconductor company’s stock valued at $46,000 after buying an additional 1,630 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of Alpha and Omega Semiconductor by 403.4% during the second quarter. CWM LLC now owns 1,928 shares of the semiconductor company’s stock valued at $49,000 after acquiring an additional 1,545 shares during the period. 78.97% of the stock is owned by institutional investors.

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.