Brokerages Anticipate Alpha and Omega Semiconductor Ltd (AOSL) Will Post Quarterly Sales of $114.00 Million

Wall Street brokerages expect Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) to announce sales of $114.00 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Alpha and Omega Semiconductor’s earnings. Alpha and Omega Semiconductor reported sales of $103.90 million during the same quarter last year, which would suggest a positive year over year growth rate of 9.7%. The firm is expected to issue its next earnings report on Wednesday, February 6th.

On average, analysts expect that Alpha and Omega Semiconductor will report full year sales of $456.80 million for the current financial year, with estimates ranging from $453.50 million to $460.10 million. For the next financial year, analysts anticipate that the firm will report sales of $486.00 million, with estimates ranging from $471.70 million to $500.30 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Alpha and Omega Semiconductor.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings data on Thursday, November 1st. The semiconductor company reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.01. The business had revenue of $115.07 million during the quarter, compared to the consensus estimate of $115.00 million. Alpha and Omega Semiconductor had a return on equity of 5.43% and a net margin of 2.75%.

Separately, Zacks Investment Research downgraded Alpha and Omega Semiconductor from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. Four equities research analysts have rated the stock with a sell rating, The stock has a consensus rating of “Sell” and a consensus price target of $14.50.

In related news, CEO Mike F. Chang acquired 37,671 shares of the firm’s stock in a transaction that occurred on Thursday, December 27th. The stock was acquired at an average cost of $9.86 per share, for a total transaction of $371,436.06. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael J. Salameh purchased 14,465 shares of the firm’s stock in a transaction on Tuesday, November 20th. The shares were acquired at an average price of $10.37 per share, with a total value of $150,002.05. The disclosure for this purchase can be found here. Insiders purchased 170,936 shares of company stock valued at $1,699,343 over the last 90 days. 21.00% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of the business. TIAA CREF Investment Management LLC grew its holdings in Alpha and Omega Semiconductor by 21.1% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 77,339 shares of the semiconductor company’s stock worth $899,000 after acquiring an additional 13,498 shares during the period. IndexIQ Advisors LLC grew its holdings in Alpha and Omega Semiconductor by 3.9% during the 3rd quarter. IndexIQ Advisors LLC now owns 147,136 shares of the semiconductor company’s stock worth $1,711,000 after acquiring an additional 5,557 shares during the period. RBF Capital LLC acquired a new stake in Alpha and Omega Semiconductor during the 3rd quarter worth about $127,000. Jefferies Group LLC grew its holdings in Alpha and Omega Semiconductor by 79.6% during the 3rd quarter. Jefferies Group LLC now owns 32,162 shares of the semiconductor company’s stock worth $374,000 after acquiring an additional 14,251 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in Alpha and Omega Semiconductor by 5.2% during the 3rd quarter. Renaissance Technologies LLC now owns 1,155,700 shares of the semiconductor company’s stock worth $13,441,000 after acquiring an additional 57,000 shares during the period. Hedge funds and other institutional investors own 66.03% of the company’s stock.

NASDAQ AOSL opened at $10.76 on Friday. The firm has a market capitalization of $251.68 million, a P/E ratio of 15.82 and a beta of 0.72. Alpha and Omega Semiconductor has a twelve month low of $9.01 and a twelve month high of $17.75. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.67 and a quick ratio of 1.09.

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 worldwide. The company offers power discrete products, such as metal-oxide-semiconductor field-effect transistors (MOSFET), SRFETs, XSFET, electrostatic discharge, protected MOSFETs, high and mid-voltage MOSFETs, and insulated gate bipolar transistors.

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