In a report released today, Craig Ellis from B.Riley FBR maintained a Buy rating on Alpha and Omega (AOSL), with a price target of $21. The company’s shares closed last Monday at $12.96, close to its 52-week high of $13.36.
Ellis wrote:
“We return to Alpha & Omega (AOSL) following up on 6/24’s deep dive (“Target a recent mgmt. check-in. Recall, June’s piece identified seven share overhangs and argued that numerous of them could soon clear, it also flagged positive sales, margin, and expense coverage catalysts. We have four key points. First, since 6/24, shares are up 46.1% (vs. SOX +13.7%), but fundy and valuation analysis suggests more significant 12-month gains ahead. Second, mgmt. checks and client marketing suggest key growth drivers remain overlooked. Comm’s multi-year OEM and SAM expansion is just starting and Compute’s growth outlook is improving as INTC PC CPU supply rises and as NVDA Gaming cards return to growth.”
According to TipRanks.com, Ellis is a 5-star analyst with an average return of 6.9% and a 57.4% success rate. Ellis covers the Consumer Goods sector, focusing on stocks such as Applied Materials Inc, Axcelis Technologies, and Rudolph Technologies.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Alpha and Omega with a $17 average price target.
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The company has a one-year high of $13.36 and a one-year low of $8.22. Currently, Alpha and Omega has an average volume of 99.58K.
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Alpha & Omega Semiconductor Ltd. designs, develops and supplies power semiconductor products. Its products include analog switches, insulated-gate bipolar transistors, metal-oxide-semiconductor field-effect transistors, power integrated circuits, and transient voltage suppressors.
