Wall Street analysts forecast that Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) will report $108.10 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Alpha and Omega Semiconductor’s earnings, with the highest sales estimate coming in at $108.20 million and the lowest estimate coming in at $108.00 million. Alpha and Omega Semiconductor posted sales of $98.01 million during the same quarter last year, which would indicate a positive year over year growth rate of 10.3%. The business is scheduled to announce its next quarterly earnings results on Wednesday, August 8th.
On average, analysts expect that Alpha and Omega Semiconductor will report full year sales of $418.33 million for the current fiscal year, with estimates ranging from $415.40 million to $419.90 million. For the next financial year, analysts expect that the business will post sales of $444.87 million per share, with estimates ranging from $430.00 million to $452.90 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Alpha and Omega Semiconductor.
Get Alpha and Omega Semiconductor alerts:Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its earnings results on Wednesday, May 2nd. The semiconductor company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.05. The business had revenue of $102.90 million for the quarter, compared to analyst estimates of $101.78 million. Alpha and Omega Semiconductor had a return on equity of 4.27% and a net margin of 4.24%. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.14 EPS.
Several brokerages have recently commented on AOSL. Zacks Investment Research upgraded Alpha and Omega Semiconductor from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Tuesday, May 8th. BidaskClub upgraded Alpha and Omega Semiconductor from a “hold” rating to a “buy” rating in a research report on Thursday, May 31st. Stifel Nicolaus lowered Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating and reduced their price objective for the company from $16.00 to $13.00 in a research report on Monday, May 14th. Finally, ValuEngine lowered Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research report on Tuesday, April 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $21.75.
NASDAQ AOSL traded up $0.10 during trading on Friday, reaching $14.34. The company’s stock had a trading volume of 56,400 shares, compared to its average volume of 125,610. The firm has a market capitalization of $340.05 million, a P/E ratio of 25.43 and a beta of 0.37. The company has a quick ratio of 1.19, a current ratio of 1.81 and a debt-to-equity ratio of 0.03. Alpha and Omega Semiconductor has a one year low of $12.92 and a one year high of $18.72.
In other news, VP Daniel Kuang Ming Chang sold 9,481 shares of the stock in a transaction dated Tuesday, June 19th. The stock was sold at an average price of $15.92, for a total transaction of $150,937.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 14,897 shares of company stock worth $236,411 over the last quarter. Corporate insiders own 21.70% of the company’s stock.
A number of hedge funds have recently modified their holdings of AOSL. A.R.T. Advisors LLC purchased a new stake in Alpha and Omega Semiconductor during the 1st quarter valued at about $167,000. Tower Research Capital LLC TRC boosted its holdings in Alpha and Omega Semiconductor by 264.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,319 shares of the semiconductor company’s stock valued at $169,000 after acquiring an additional 7,488 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in Alpha and Omega Semiconductor during the 1st quarter valued at about $204,000. Victory Capital Management Inc. purchased a new stake in Alpha and Omega Semiconductor during the 1st quarter valued at about $245,000. Finally, Swiss National Bank boosted its holdings in Alpha and Omega Semiconductor by 13.1% during the 1st quarter. Swiss National Bank now owns 34,580 shares of the semiconductor company’s stock valued at $534,000 after acquiring an additional 4,000 shares during the period. Institutional investors own 68.32% of the company’s stock.
About Alpha and Omega Semiconductor
Alpha and Omega Semiconductor Limited and its subsidiaries design, develop, and supply various power semiconductors. It offers various power discrete products, including low, medium, and high voltage power metal-oxide-semiconductor field-effect transistors (MOSFETs); and SRFETs, XSFET, electrostatic discharges, protected MOSFETs, and insulated gate bipolar transistors, which are used for routing current and switching voltages in power control circuits.
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