Brokerages Expect Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) Will Announce Quarterly Sales of $112.00 Million

Equities research analysts predict that Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) will report sales of $112.00 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Alpha and Omega Semiconductor’s earnings. Alpha and Omega Semiconductor reported sales of $109.90 million during the same quarter last year, which would suggest a positive year over year growth rate of 1.9%. The firm is scheduled to announce its next earnings report on Wednesday, August 14th.

According to Zacks, analysts expect that Alpha and Omega Semiconductor will report full-year sales of $451.05 million for the current year, with estimates ranging from $451.00 million to $451.10 million. For the next year, analysts anticipate that the business will report sales of $491.80 million, with estimates ranging from $486.00 million to $497.60 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Alpha and Omega Semiconductor.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported $0.22 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.22. Alpha and Omega Semiconductor had a net margin of 0.08% and a return on equity of 4.77%. The firm had revenue of $109.10 million during the quarter, compared to the consensus estimate of $111.05 million. During the same quarter in the previous year, the firm posted $0.07 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis.

AOSL has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research note on Wednesday, June 5th. Loop Capital initiated coverage on shares of Alpha and Omega Semiconductor in a research note on Tuesday, June 18th. They set a “buy” rating and a $13.00 price target for the company. Finally, ValuEngine downgraded shares of Alpha and Omega Semiconductor from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 18th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the stock. Alpha and Omega Semiconductor has an average rating of “Hold” and an average target price of $14.50.

Shares of Alpha and Omega Semiconductor stock traded up $0.25 on Friday, hitting $8.87. 51,314 shares of the company traded hands, compared to its average volume of 83,962. The company has a 50 day moving average of $9.11. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.20 and a current ratio of 1.83. Alpha and Omega Semiconductor has a 52 week low of $8.22 and a 52 week high of $16.26. The stock has a market cap of $207.94 million, a P/E ratio of 12.99 and a beta of 1.07.

In other news, VP Daniel Kuang Ming Chang sold 9,163 shares of Alpha and Omega Semiconductor stock in a transaction that occurred on Friday, March 29th. The shares were sold at an average price of $11.00, for a total transaction of $100,793.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 21.00% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Bank of Montreal Can raised its stake in Alpha and Omega Semiconductor by 315.3% in the fourth quarter. Bank of Montreal Can now owns 3,642 shares of the semiconductor company’s stock worth $37,000 after buying an additional 2,765 shares in the last quarter. Campbell & CO Investment Adviser LLC raised its stake in Alpha and Omega Semiconductor by 15.0% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 18,518 shares of the semiconductor company’s stock worth $209,000 after buying an additional 2,412 shares in the last quarter. MUFG Securities EMEA plc bought a new position in Alpha and Omega Semiconductor in the fourth quarter worth approximately $244,000. Royce & Associates LP raised its stake in Alpha and Omega Semiconductor by 11.5% in the fourth quarter. Royce & Associates LP now owns 1,514,794 shares of the semiconductor company’s stock worth $15,436,000 after buying an additional 156,375 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in Alpha and Omega Semiconductor by 44.5% in the fourth quarter. Rhumbline Advisers now owns 28,182 shares of the semiconductor company’s stock worth $287,000 after buying an additional 8,683 shares in the last quarter. 63.68% of the stock is owned by hedge funds and other institutional investors.

Alpha and Omega Semiconductor Company Profile

Alpha and Omega Semiconductor Limited designs, develops, and supplies power semiconductor products for computing, consumer electronics, communication, and industrial applications worldwide. The company offers power discrete products, such as metal-oxide-semiconductor field-effect transistors (MOSFET), SRFETs, XSFET, electrostatic discharge, protected MOSFETs, high and mid-voltage MOSFETs, and insulated gate bipolar transistors.

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