Alpha and Omega Semiconductor Ltd (AOSL) Expected to Post Quarterly Sales of $111.85 Million

Analysts expect that Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) will post $111.85 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Alpha and Omega Semiconductor’s earnings, with the lowest sales estimate coming in at $110.40 million and the highest estimate coming in at $113.30 million. Alpha and Omega Semiconductor reported sales of $103.90 million in the same quarter last year, which would suggest a positive year over year growth rate of 7.7%. The company is scheduled to issue its next quarterly earnings results on Wednesday, February 6th.

According to Zacks, analysts expect that Alpha and Omega Semiconductor will report full year sales of $455.60 million for the current financial year, with estimates ranging from $447.30 million to $463.90 million. For the next year, analysts forecast that the business will post sales of $480.75 million, with estimates ranging from $466.20 million to $495.30 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Alpha and Omega Semiconductor.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its earnings results on Wednesday, August 8th. The semiconductor company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.09 by $0.22. The business had revenue of $109.90 million for the quarter, compared to the consensus estimate of $108.43 million. Alpha and Omega Semiconductor had a return on equity of 5.34% and a net margin of 3.38%. The company’s revenue was up 12.1% on a year-over-year basis. During the same period last year, the business posted $0.25 EPS.

AOSL has been the topic of several analyst reports. ValuEngine downgraded Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a report on Tuesday, September 4th. Zacks Investment Research upgraded Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. TheStreet downgraded Alpha and Omega Semiconductor from a “b-” rating to a “c+” rating in a report on Monday, July 16th. Finally, BidaskClub downgraded Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday, July 14th. Four analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. Alpha and Omega Semiconductor presently has a consensus rating of “Hold” and an average price target of $21.50.

Several large investors have recently made changes to their positions in AOSL. A.R.T. Advisors LLC purchased a new stake in shares of Alpha and Omega Semiconductor during the 1st quarter valued at about $167,000. Engineers Gate Manager LP acquired a new stake in Alpha and Omega Semiconductor during the 2nd quarter valued at approximately $195,000. Virginia Retirement Systems ET AL acquired a new stake in Alpha and Omega Semiconductor during the 2nd quarter valued at approximately $276,000. Victory Capital Management Inc. grew its stake in Alpha and Omega Semiconductor by 46.2% during the 3rd quarter. Victory Capital Management Inc. now owns 26,876 shares of the semiconductor company’s stock valued at $313,000 after purchasing an additional 8,490 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Alpha and Omega Semiconductor by 62.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 32,487 shares of the semiconductor company’s stock valued at $378,000 after purchasing an additional 12,487 shares in the last quarter. Institutional investors and hedge funds own 65.17% of the company’s stock.

Shares of NASDAQ:AOSL opened at $11.01 on Friday. The stock has a market cap of $223.40 million, a P/E ratio of 16.19 and a beta of 0.25. The company has a current ratio of 1.84, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. Alpha and Omega Semiconductor has a one year low of $9.01 and a one year high of $18.59.

About Alpha and Omega Semiconductor

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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