$108.10 Million in Sales Expected for Alpha and Omega Semiconductor Ltd (AOSL) This Quarter

Analysts predict that Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) will report sales of $108.10 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Alpha and Omega Semiconductor’s earnings, with the lowest sales estimate coming in at $108.00 million and the highest estimate coming in at $108.20 million. Alpha and Omega Semiconductor posted sales of $98.01 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 10.3%. The company is expected to issue its next quarterly earnings report after the market closes on Wednesday, August 8th.

According to Zacks, analysts expect that Alpha and Omega Semiconductor will report full-year sales of $419.80 million for the current year, with estimates ranging from $419.70 million to $419.90 million. For the next financial year, analysts forecast that the company will report sales of $452.30 million per share, with estimates ranging from $451.70 million to $452.90 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Alpha and Omega Semiconductor.

Several research analysts have issued reports on AOSL shares. Zacks Investment Research upgraded Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research report on Tuesday, April 10th. ValuEngine upgraded Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Stifel Nicolaus lowered Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating and dropped their target price for the company from $16.00 to $13.00 in a research report on Monday, May 14th. BidaskClub upgraded Alpha and Omega Semiconductor from a “hold” rating to a “buy” rating in a research report on Thursday, May 31st. Finally, TheStreet lowered Alpha and Omega Semiconductor from a “b-” rating to a “c+” rating in a research report on Monday, July 16th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $21.75.

Alpha and Omega Semiconductor traded down $0.01, hitting $13.27, during trading hours on Friday, according to Marketbeat.com. 1,013 shares of the company were exchanged, compared to its average volume of 64,365. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.81 and a quick ratio of 1.19. Alpha and Omega Semiconductor has a 52 week low of $12.92 and a 52 week high of $18.72. The stock has a market capitalization of $317.13 million, a P/E ratio of 23.71 and a beta of 0.34.

In related 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink. 21.70% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Swiss National Bank boosted its holdings in shares of Alpha and Omega Semiconductor by 13.1% in the first quarter. Swiss National Bank now owns 34,580 shares of the semiconductor company’s stock valued at $534,000 after purchasing an additional 4,000 shares during the period. California Public Employees Retirement System boosted its holdings in shares of Alpha and Omega Semiconductor by 5.3% in the first quarter. California Public Employees Retirement System now owns 105,593 shares of the semiconductor company’s stock valued at $1,631,000 after purchasing an additional 5,293 shares during the period. BlackRock Inc. boosted its holdings in shares of Alpha and Omega Semiconductor by 0.4% in the fourth quarter. BlackRock Inc. now owns 2,079,824 shares of the semiconductor company’s stock valued at $34,027,000 after purchasing an additional 8,060 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Alpha and Omega Semiconductor by 23.8% in the fourth quarter. Wells Fargo & Company MN now owns 42,899 shares of the semiconductor company’s stock valued at $702,000 after purchasing an additional 8,240 shares during the period. Finally, A.R.T. Advisors LLC bought a new position in Alpha and Omega Semiconductor in the first quarter worth approximately $167,000. Hedge funds and other institutional investors own 67.50% of the company’s stock.

About Alpha and Omega Semiconductor

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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