Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) Expected to Announce Quarterly Sales of $119.05 Million

Equities research analysts expect Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) to announce $119.05 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Alpha and Omega Semiconductor’s earnings, with the highest sales estimate coming in at $119.10 million and the lowest estimate coming in at $119.00 million. Alpha and Omega Semiconductor reported sales of $111.86 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.4%. The company is scheduled to announce its next earnings report on Wednesday, August 5th.

On average, analysts expect that Alpha and Omega Semiconductor will report full-year sales of $461.55 million for the current fiscal year, with estimates ranging from $461.50 million to $461.60 million. For the next financial year, analysts expect that the company will post sales of $506.85 million, with estimates ranging from $495.00 million to $518.70 million. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Alpha and Omega Semiconductor.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its quarterly earnings results on Tuesday, May 5th. The semiconductor company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.03. The company had revenue of $106.85 million during the quarter, compared to analysts’ expectations of $106.00 million. Alpha and Omega Semiconductor had a positive return on equity of 3.12% and a negative net margin of 0.87%.

AOSL has been the topic of several research analyst reports. TheStreet lowered Alpha and Omega Semiconductor from a “c-” rating to a “d+” rating in a research note on Friday, March 20th. B. Riley lifted their price objective on Alpha and Omega Semiconductor from $8.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. ValuEngine raised Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Tuesday, March 17th. BidaskClub raised Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Finally, Zacks Investment Research lowered Alpha and Omega Semiconductor from a “buy” rating to a “hold” rating in a research note on Friday, June 19th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Alpha and Omega Semiconductor currently has an average rating of “Hold” and an average price target of $14.00.

Institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its position in Alpha and Omega Semiconductor by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 49,649 shares of the semiconductor company’s stock worth $677,000 after acquiring an additional 1,906 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its position in Alpha and Omega Semiconductor by 59.7% during the 1st quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 285,500 shares of the semiconductor company’s stock worth $1,830,000 after acquiring an additional 106,700 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Alpha and Omega Semiconductor by 2.6% in the 1st quarter. JPMorgan Chase & Co. now owns 672,009 shares of the semiconductor company’s stock valued at $4,307,000 after purchasing an additional 17,093 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Alpha and Omega Semiconductor by 53.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 55,417 shares of the semiconductor company’s stock valued at $755,000 after purchasing an additional 19,375 shares in the last quarter. Finally, Globeflex Capital L P raised its position in shares of Alpha and Omega Semiconductor by 3.5% in the 1st quarter. Globeflex Capital L P now owns 70,198 shares of the semiconductor company’s stock valued at $450,000 after purchasing an additional 2,383 shares in the last quarter. 61.61% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ AOSL traded down $0.66 during midday trading on Friday, hitting $9.89. The stock had a trading volume of 351,475 shares, compared to its average volume of 145,082. The company has a market capitalization of $260.06 million, a price-to-earnings ratio of -61.81 and a beta of 2.24. Alpha and Omega Semiconductor has a 1-year low of $5.82 and a 1-year high of $14.50. The company has a quick ratio of 0.86, a current ratio of 1.53 and a debt-to-equity ratio of 0.31. The company has a fifty day moving average price of $10.92 and a 200 day moving average price of $10.92.

Alpha and Omega Semiconductor Company Profile

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.

Further Reading: Call Option Volume

Get a free copy of the Zacks research report on Alpha and Omega Semiconductor (AOSL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Alpha and Omega Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alpha and Omega Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.