B. Riley lowered the firm’s price target on Alpha & Omega to $47 from $50 and keeps a Buy rating on the shares. Alpha & Omega reported Q1 EPS and sales slightly ahead of estimates, but Q1 guidance was below, with a greater downside EPS variance than expected due to tough competitor pricing nicking gross margin, the analyst tells investors in a research note. The firm feels entry points are still attractive following a one-month pullback.
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Read More on AOSL:
- Alpha and Omega Semiconductor Shows Mixed Q1 Results
- Alpha & Omega reports Q1 EPS 21c, consensus 22c
- Alpha & Omega sees Q2 revenue $170M, plus or minus $10M, consensus $175.67M
- Is AOSL a Buy, Before Earnings?
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