Alpha and Omega Semiconductor (NASDAQ:AOSL) Releases Quarterly Earnings Results, Beats Expectations By $0.10 EPS

Alpha and Omega Semiconductor (NASDAQ:AOSL) posted its earnings results on Tuesday. The semiconductor company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.10, Briefing.com reports. The company had revenue of $150.10 million during the quarter, compared to analysts’ expectations of $150.13 million. Alpha and Omega Semiconductor had a negative net margin of 2.68% and a positive return on equity of 0.64%. Alpha and Omega Semiconductor’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.59) earnings per share.

Alpha and Omega Semiconductor Stock Performance

Shares of AOSL traded up $0.16 during mid-day trading on Thursday, reaching $27.09. The company had a trading volume of 257,841 shares, compared to its average volume of 144,503. The stock has a 50 day moving average of $22.06 and a two-hundred day moving average of $23.51. The stock has a market capitalization of $766.05 million, a P/E ratio of -42.75 and a beta of 2.36. Alpha and Omega Semiconductor has a 52-week low of $19.38 and a 52-week high of $35.40. The company has a quick ratio of 1.33, a current ratio of 2.52 and a debt-to-equity ratio of 0.04.

Analysts Set New Price Targets

A number of research analysts have issued reports on AOSL shares. StockNews.com raised shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Wednesday, March 6th. Stifel Nicolaus dropped their price target on Alpha and Omega Semiconductor from $23.00 to $21.00 and set a “sell” rating on the stock in a research note on Thursday, April 18th.

Insider Transactions at Alpha and Omega Semiconductor

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 1,956 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $19.57, for a total value of $38,278.92. Following the sale, the executive vice president now directly owns 130,082 shares of the company’s stock, valued at $2,545,704.74. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 1,956 shares of Alpha and Omega Semiconductor stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $19.57, for a total transaction of $38,278.92. Following the sale, the executive vice president now owns 130,082 shares of the company’s stock, valued at approximately $2,545,704.74. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Yifan Liang sold 20,000 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $23.31, for a total value of $466,200.00. Following the completion of the sale, the chief financial officer now directly owns 293,296 shares of the company’s stock, valued at approximately $6,836,729.76. The disclosure for this sale can be found here. Insiders have sold a total of 40,649 shares of company stock valued at $920,392 in the last ninety days. 17.90% of the stock is currently owned by corporate insiders.

About Alpha and Omega Semiconductor

Alpha and Omega Semiconductor Limited designs, develops, and supplies power semiconductor products for computing, consumer electronics, communication, and industrial applications in Hong Kong, China, South Korea, the United States, and internationally. It offers power discrete products, including metal-oxide-semiconductor field-effect transistors (MOSFET), SRFETs, XSFET, electrostatic discharge, protected MOSFETs, high and mid-voltage MOSFETs, and insulated gate bipolar transistors for use in smart phone chargers, battery packs, notebooks, desktop and servers, data centers, base stations, graphics card, game boxes, TVs, AC adapters, power supplies, motor control, power tools, E-vehicles, white goods and industrial motor drives, UPS systems, solar inverters, and industrial welding.