Zacks: Brokerages Expect Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) to Announce $0.18 Earnings Per Share

Equities analysts predict that Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) will post earnings of $0.18 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Alpha and Omega Semiconductor’s earnings. The highest EPS estimate is $0.20 and the lowest is $0.16. Alpha and Omega Semiconductor posted earnings per share of $0.35 during the same quarter last year, which suggests a negative year over year growth rate of 48.6%. The business is scheduled to report its next earnings report on Wednesday, August 5th.

On average, analysts expect that Alpha and Omega Semiconductor will report full year earnings of $0.79 per share for the current year, with EPS estimates ranging from $0.76 to $0.81. For the next year, analysts expect that the business will report earnings of $0.71 per share, with EPS estimates ranging from $0.66 to $0.76. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Alpha and Omega Semiconductor.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its earnings results on Tuesday, May 5th. The semiconductor company reported ($0.01) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.03. The company 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. TheStreet cut shares of Alpha and Omega Semiconductor from a “c-” rating to a “d+” rating in a research note on Friday, March 20th. 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. Zacks Investment Research cut shares of Alpha and Omega Semiconductor from a “buy” rating to a “hold” rating in a research note on Friday, June 19th. Finally, BidaskClub raised shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $14.00.

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.

Several large investors have recently modified their holdings of AOSL. 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. Victory Capital Management Inc. lifted its holdings in shares of Alpha and Omega Semiconductor by 92.3% in the 4th quarter. Victory Capital Management Inc. now owns 20,867 shares of the semiconductor company’s stock worth $254,000 after acquiring an additional 10,014 shares during the last quarter. Swiss National Bank lifted its holdings in shares of Alpha and Omega Semiconductor by 3.3% in the 4th quarter. Swiss National Bank now owns 37,580 shares of the semiconductor company’s stock worth $512,000 after acquiring an additional 1,200 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. Finally, Acadian Asset Management LLC lifted its holdings in shares of Alpha and Omega Semiconductor by 104.9% in the 4th quarter. Acadian Asset Management LLC now owns 75,348 shares of the semiconductor company’s stock worth $1,025,000 after acquiring an additional 38,583 shares during the last quarter. 61.61% of the stock is owned by institutional investors and hedge funds.

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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