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.
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.
Get a Free Copy of Zacks’ Alpha and Omega Semiconductor (AOSL) Research Report
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Alpha and Omega Semiconductor right now?
Before you consider Alpha and Omega Semiconductor, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Alpha and Omega Semiconductor weren’t on the list.
While Alpha and Omega Semiconductor currently have “Buy” ratings among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here