Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) Expected to Announce Quarterly Sales of $119.05 Million

Equities analysts expect Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) to report sales of $119.05 million for the current quarter, Zacks reports. Two analysts have issued estimates for Alpha and Omega Semiconductor’s earnings, with the highest sales estimate coming in at $119.10 million and the lowest estimate coming in at $119.00 million. Alpha and Omega Semiconductor reported sales of $111.86 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.4%. The company is scheduled to announce its next 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 financial year, with estimates ranging from $461.50 million to $461.60 million. For the next year, analysts expect 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 sell-side research analysts that that provide coverage for Alpha and Omega Semiconductor.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last announced its earnings results on Tuesday, May 5th. The semiconductor company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.03. Alpha and Omega Semiconductor had a positive return on equity of 3.12% and a negative net margin of 0.87%. The business had revenue of $106.85 million during the quarter, compared to the consensus estimate of $106.00 million.

AOSL has been the topic of several recent analyst reports. TheStreet lowered Alpha and Omega Semiconductor from a “c-” rating to a “d+” rating in a research report on Friday, March 20th. BidaskClub raised Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research report on Wednesday, May 6th. B. Riley upped their price target on Alpha and Omega Semiconductor from $8.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. ValuEngine raised Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research report on Tuesday, March 17th. Finally, Zacks Investment Research lowered 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 issued a buy rating to the stock. Alpha and Omega Semiconductor has a consensus rating of “Hold” and an average price target of $14.00.

NASDAQ:AOSL traded down $0.66 during trading hours on Friday, hitting $9.89. 351,475 shares of the company’s stock traded hands, compared to its average volume of 145,082. The firm has a market cap of $260.06 million, a P/E ratio of -61.81 and a beta of 2.24. Alpha and Omega Semiconductor has a twelve month low of $5.82 and a twelve month high of $14.50. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.86 and a current ratio of 1.53. The stock’s fifty day moving average price is $10.92 and its two-hundred day moving average price is $10.92.

Hedge funds have recently modified their holdings of the business. Citigroup Inc. increased its position in Alpha and Omega Semiconductor by 85.9% in the 4th quarter. Citigroup Inc. now owns 5,093 shares of the semiconductor company’s stock worth $69,000 after purchasing an additional 2,353 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in shares of Alpha and Omega Semiconductor by 25.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,288 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 1,285 shares during the last quarter. WINTON GROUP Ltd acquired a new position in shares of Alpha and Omega Semiconductor during the 1st quarter valued at about $76,000. Trexquant Investment LP increased its holdings in shares of Alpha and Omega Semiconductor by 40.7% during the 4th quarter. Trexquant Investment LP now owns 15,623 shares of the semiconductor company’s stock valued at $213,000 after acquiring an additional 4,518 shares during the last quarter. Finally, UBS Asset Management Americas Inc. acquired a new position in shares of Alpha and Omega Semiconductor during the 4th quarter valued at about $231,000. 61.61% of the stock is currently owned by 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.

Featured Article: What is the downside to momentum investing?

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.