$119.05 Million in Sales Expected for Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) This Quarter

Brokerages expect Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) to post sales of $119.05 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Alpha and Omega Semiconductor’s earnings. The lowest sales estimate is $119.00 million and the highest is $119.10 million. Alpha and Omega Semiconductor posted sales of $111.86 million in the same quarter last year, which suggests a positive year over year growth rate of 6.4%. The firm is expected to issue its next quarterly earnings results on Wednesday, August 5th.

On average, analysts expect that Alpha and Omega Semiconductor will report full year sales of $461.55 million for the current fiscal year, with estimates ranging from $461.50 million to $461.60 million. For the next year, analysts anticipate that the company will report sales of $506.85 million, with estimates ranging from $495.00 million to $518.70 million. Zacks’ 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 announced its quarterly earnings data on Tuesday, May 5th. The semiconductor company reported ($0.01) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.03. The firm had revenue of $106.85 million during the quarter, compared to analysts’ expectations of $106.00 million. Alpha and Omega Semiconductor had a negative net margin of 0.87% and a positive return on equity of 3.12%.

Several equities analysts recently weighed in on the stock. ValuEngine raised shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Tuesday, March 17th. BidaskClub raised shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Wednesday, May 6th. B. Riley raised their target price on shares of Alpha and Omega Semiconductor from $8.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. TheStreet lowered shares of Alpha and Omega Semiconductor from a “c-” rating to a “d+” rating in a research report on Friday, March 20th. Finally, Zacks Investment Research lowered shares of Alpha and Omega Semiconductor from a “buy” rating to a “hold” rating in a research report on Friday, June 19th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $14.00.

Several institutional investors have recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of 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 worth $15,634,000 after acquiring an additional 377,800 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Alpha and Omega Semiconductor by 2.6% in the 1st quarter. JPMorgan Chase & Co. now owns 672,009 shares of the semiconductor company’s stock worth $4,307,000 after acquiring an additional 17,093 shares during the last quarter. State Street Corp lifted its holdings in shares of Alpha and Omega Semiconductor by 3.2% in the 4th quarter. State Street Corp now owns 569,585 shares of the semiconductor company’s stock worth $7,758,000 after acquiring an additional 17,715 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Alpha and Omega Semiconductor by 12.5% during the 1st quarter. Geode Capital Management LLC now owns 289,882 shares of the semiconductor company’s stock valued at $1,858,000 after buying an additional 32,231 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in Alpha and Omega Semiconductor by 59.7% during the 1st quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 285,500 shares of the semiconductor company’s stock valued at $1,830,000 after buying an additional 106,700 shares in the last quarter. Hedge funds and other institutional investors own 61.61% of the company’s stock.

AOSL traded down $0.66 during trading on Friday, hitting $9.89. 351,475 shares of the company traded hands, compared to its average volume of 145,082. The company has a market cap of $260.06 million, a PE ratio of -61.81 and a beta of 2.24. The stock’s 50-day simple moving average is $10.92 and its two-hundred day simple moving average is $10.92. Alpha and Omega Semiconductor has a 1 year low of $5.82 and a 1 year high of $14.50. The company has a current ratio of 1.53, a quick ratio of 0.86 and a debt-to-equity ratio of 0.31.

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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