Zacks: Analysts Expect Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) to Report Earnings of $1.18 Per Share

Wall Street brokers expect Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) to report earnings of $1.18 per share for the current fiscal quarter, Zacks reports. Two analysts provided earnings estimates for Alpha and Omega Semiconductor, with estimates ranging from $1.17 to $1.19. Alpha and Omega Semiconductor posted earnings per share of $0.77 in the same quarter last year, which would indicate a positive growth rate of 53.2% year over year. The company is expected to release its next quarterly results on Wednesday, May 4.

Zacks says analysts expect Alpha and Omega Semiconductor to report annual earnings of $4.60 per share for the current fiscal year, with EPS estimates ranging from $4.57 to $4.63 . For the next fiscal year, analysts expect the company to post earnings of $4.88 per share, with EPS estimates ranging from $4.85 to $4.91. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts who provide coverage for Alpha and Omega Semiconductor.

Alpha and Omega Semiconductor Inc (NASDAQ:AOSL) last reported results on Monday, February 7. The semiconductor company reported EPS of $1.20 for the quarter, beating the Zacks consensus estimate of $1.04 by $0.16. Alpha and Omega Semiconductor had a return on equity of 15.15% and a net margin of 60.82%. The company posted revenue of $193.32 million in the quarter, compared to analysts’ expectations of $188.00 million. In the same quarter last year, the company posted EPS of $0.56. The company’s revenue for the quarter increased 21.7% compared to the same quarter last year.

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The AOSL has been the subject of several recent analyst reports. B. Riley raised his price target on Alpha and Omega Semiconductor shares from $57.00 to $67.00 and gave the company a “buy” rating in a Wednesday, Dec. 8 research report. Zacks Investment Research upgraded shares of Alpha and Omega Semiconductor from a “hold” rating to a “buy” rating and set a price target of $61.00 on the stock in a Friday, February 11 report.

NASDAQ:AOSL shares opened at $52.92 on Friday. The company has a fifty-day moving average price of $51.48 and a 200-day moving average price of $40.61. The company has a debt ratio of 0.02, a current ratio of 2.62 and a quick ratio of 1.90. The company has a market capitalization of $1.41 billion, a PE ratio of 3.38 and a beta of 2.56. Alpha and Omega Semiconductor has a 1-year low of $23.66 and a 1-year high of $64.00.

Separately, Executive Vice President Bing Xue sold 5,814 shares in a trade that took place on Friday, December 10. The shares were sold at an average price of $54.49, for a total transaction of $316,804.86. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. Additionally, COO Wenjun Li sold 5,514 shares of Alpha and Omega Semiconductor in a trade that took place on Monday, January 10. The stock was sold at an average price of $51.32, for a total transaction of $282,978.48. The disclosure of this sale can be found here. Insiders sold 14,064 shares of the company worth $744,791 in the past ninety days. 19.90% of the shares are currently held by insiders.

A number of hedge funds have recently bought and sold shares of AOSL. Royal Bank of Canada increased its position in Alpha and Omega Semiconductor by 79.0% in the second quarter. Royal Bank of Canada now owns 1,471 shares of the semiconductor company worth $45,000 after buying 649 more shares in the last quarter. Covestor Ltd bought a new position in shares of Alpha and Omega Semiconductor in the fourth quarter worth about $47,000. Koshinski Asset Management Inc. increased its holdings of Alpha and Omega Semiconductor shares by 75.7% in the fourth quarter. Koshinski Asset Management Inc. now owns 975 shares of the semiconductor company worth $59,000 after buying 420 more shares in the last quarter. Syquant Capital Sas acquired a new stake in Alpha and Omega Semiconductor during the fourth quarter valued at approximately $97,000. Finally, Legal & General Group Plc increased its stakes in Alpha and Omega Semiconductor by 84.9% during the second quarter. Legal & General Group Plc now owns 3,310 shares in the semiconductor company valued at $101,000 after buying an additional 1,520 shares in the last quarter. 60.38% of the shares are currently held by institutional investors.

About Alpha and Omega Semiconductor

Alpha & Omega Semiconductor Ltd. designs, develops and supplies power semiconductors. Its products include analog switches, insulated-gate bipolar transistors, metal-oxide-semiconductor field-effect transistors, power integrated circuits and transient voltage suppressors. The Company operates through the following geographic segments: Hong Kong, China, South Korea, United States and Other Countries.

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Earnings history and estimates for Alpha and Omega Semiconductor (NASDAQ:AOSL)

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