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Alpha and Omega Semiconductor (NASDAQ:AOSL)‘s stock had its “neutral” rating reaffirmed by investment analysts at B. Riley in a note issued to investors on Wednesday. They currently have a $8.50 target price on the stock, up from their previous target price of $7.50. B. Riley’s price objective indicates a potential downside of 7.81% from the company’s current price.

Alpha and Omega Semiconductor (NASDAQ:AOSL) traded up 0.87% during mid-day trading on Wednesday, hitting $9.30. 11,102 shares of the company’s stock traded hands. Alpha and Omega Semiconductor has a one year low of $6.80 and a one year high of $9.50. The stock has a 50-day moving average of $9.27 and a 200-day moving average of $8.02. The company’s market cap is $243.0 million.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings results on Tuesday, August 12th. The company reported ($0.02) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.06) by $0.04. The company had revenue of $82.30 million for the quarter, compared to the consensus estimate of $77.20 million.

Separately, analysts at Northland Securities initiated coverage on shares of Alpha and Omega Semiconductor in a research note on Tuesday, June 17th. They set an “outperform” rating and a $13.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $9.30.

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) is a designer, developer and global supplier of a range of power semiconductors.

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