Wall Street brokerages predict that Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) will announce earnings of $0.33 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Alpha and Omega Semiconductor’s earnings, with estimates ranging from $0.32 to $0.33. Alpha and Omega Semiconductor posted earnings of $0.27 per share in the same quarter last year, which would suggest a positive year over year growth rate of 22.2%. The business is scheduled to issue its next quarterly earnings report on Thursday, November 1st.

On average, analysts expect that Alpha and Omega Semiconductor will report full-year earnings of $1.31 per share for the current financial year, with EPS estimates ranging from $1.30 to $1.31. For the next financial year, analysts anticipate that the business will post earnings of $1.54 per share, with EPS estimates ranging from $1.45 to $1.63. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover Alpha and Omega Semiconductor.

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

Several equities research analysts have recently weighed in on the company. BidaskClub lowered Alpha and Omega Semiconductor from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 2nd. ValuEngine lowered Alpha and Omega Semiconductor from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 12th. Zacks Investment Research lowered Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. Finally, TheStreet lowered Alpha and Omega Semiconductor from a “b-” rating to a “c+” rating in a research note on Monday, July 16th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Alpha and Omega Semiconductor currently has a consensus rating of “Hold” and a consensus target price of $21.50.

Shares of AOSL stock traded up $0.04 during trading hours on Tuesday, hitting $14.21. The company had a trading volume of 101,100 shares, compared to its average volume of 112,301. Alpha and Omega Semiconductor has a 12 month low of $12.92 and a 12 month high of $18.72. The firm has a market cap of $339.09 million, a P/E ratio of 20.90 and a beta of 0.30. The company has a current ratio of 1.84, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20.

In other news, VP Daniel Kuang Ming Chang sold 9,481 shares of the business’s stock in a transaction that occurred on Tuesday, June 19th. The stock was sold at an average price of $15.92, for a total value of $150,937.52. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 21.70% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Royce & Associates LP boosted its holdings in shares of Alpha and Omega Semiconductor by 18.6% in the 2nd quarter. Royce & Associates LP now owns 1,173,630 shares of the semiconductor company’s stock worth $16,712,000 after acquiring an additional 184,014 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Alpha and Omega Semiconductor by 8.3% in the 2nd quarter. Renaissance Technologies LLC now owns 1,098,700 shares of the semiconductor company’s stock worth $15,645,000 after acquiring an additional 83,800 shares in the last quarter. Gagnon Securities LLC boosted its holdings in shares of Alpha and Omega Semiconductor by 30.0% in the 2nd quarter. Gagnon Securities LLC now owns 583,286 shares of the semiconductor company’s stock worth $8,306,000 after acquiring an additional 134,607 shares in the last quarter. Gagnon Advisors LLC boosted its holdings in shares of Alpha and Omega Semiconductor by 51.1% in the 2nd quarter. Gagnon Advisors LLC now owns 354,216 shares of the semiconductor company’s stock worth $5,044,000 after acquiring an additional 119,745 shares in the last quarter. Finally, Foundry Partners LLC boosted its holdings in shares of Alpha and Omega Semiconductor by 15.6% in the 2nd quarter. Foundry Partners LLC now owns 326,450 shares of the semiconductor company’s stock worth $4,649,000 after acquiring an additional 44,125 shares in the last quarter. 65.30% of the stock is currently owned by institutional investors and hedge funds.

Alpha and Omega Semiconductor Company Profile

Alpha and Omega Semiconductor Limited and its subsidiaries design, develop, and supply various power semiconductors. It offers various power discrete products, including low, medium, and high voltage power metal-oxide-semiconductor field-effect transistors (MOSFETs); and SRFETs, XSFET, electrostatic discharges, protected MOSFETs, and insulated gate bipolar transistors, which are used for routing current and switching voltages in power control circuits.

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