Brokerages expect Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) to announce sales of $119.00 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Alpha and Omega Semiconductor’s earnings. Alpha and Omega Semiconductor posted sales of $114.93 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.5%. The business is expected to announce its next earnings results on Wednesday, February 5th.
On average, analysts expect that Alpha and Omega Semiconductor will report full year sales of $481.75 million for the current fiscal year, with estimates ranging from $480.80 million to $482.70 million. For the next year, analysts forecast that the company will report sales of $548.25 million, with estimates ranging from $537.00 million to $559.50 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.
Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings data on Monday, November 4th. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.01. The firm had revenue of $117.80 million for the quarter, compared to analyst estimates of $116.97 million. Alpha and Omega Semiconductor had a net margin of 0.10% and a return on equity of 3.52%. Alpha and Omega Semiconductor’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 EPS.
AOSL has been the topic of several research analyst reports. ValuEngine lowered shares of Alpha and Omega Semiconductor from a “sell” rating to a “strong sell” rating in a report on Wednesday. Zacks Investment Research downgraded Alpha and Omega Semiconductor from a “buy” rating to a “hold” rating in a research report on Tuesday, January 7th. Finally, BidaskClub downgraded Alpha and Omega Semiconductor from a “buy” rating to a “hold” rating in a research report on Wednesday, January 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $17.67.
In other Alpha and Omega Semiconductor news, VP Bing Xue sold 8,496 shares of Alpha and Omega Semiconductor stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $13.70, for a total value of $116,395.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 21.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AOSL. FMR LLC grew its position in Alpha and Omega Semiconductor by 38.5% in the 1st quarter. FMR LLC now owns 1,358,300 shares of the semiconductor company’s stock valued at $15,634,000 after acquiring an additional 377,800 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Alpha and Omega Semiconductor during the third quarter worth about $2,750,000. Vanguard Group Inc. grew its position in shares of Alpha and Omega Semiconductor by 11.2% during the second quarter. Vanguard Group Inc. now owns 1,170,735 shares of the semiconductor company’s stock worth $10,935,000 after buying an additional 117,917 shares in the last quarter. Boston Partners acquired a new position in shares of Alpha and Omega Semiconductor during the third quarter worth about $820,000. Finally, Grantham Mayo Van Otterloo & Co. LLC grew its position in shares of Alpha and Omega Semiconductor by 65.6% during the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 67,900 shares of the semiconductor company’s stock worth $634,000 after buying an additional 26,900 shares in the last quarter. 59.55% of the stock is owned by institutional investors.
AOSL traded up $0.03 on Friday, hitting $14.18. The company had a trading volume of 59,908 shares, compared to its average volume of 89,750. The firm has a market cap of $348.16 million, a P/E ratio of 20.26 and a beta of 1.07. Alpha and Omega Semiconductor has a 1 year low of $8.22 and a 1 year high of $14.50. The company’s fifty day moving average price is $13.17 and its 200 day moving average price is $11.98. The company has a current ratio of 1.55, a quick ratio of 0.93 and a debt-to-equity ratio of 0.25.
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.
Featured Article: Analyst Ratings Trading
Get a free copy of the Zacks research report on Alpha and Omega Semiconductor (AOSL)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Alpha and Omega Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alpha and Omega Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.