Zacks: Analysts Expect Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) to Announce $0.18 Earnings Per Share

Equities research analysts predict that Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) will announce $0.18 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Alpha and Omega Semiconductor’s earnings. The lowest EPS estimate is $0.16 and the highest is $0.20. Alpha and Omega Semiconductor reported earnings of $0.35 per share in the same quarter last year, which suggests a negative year over year growth rate of 48.6%. The business is expected to report its next earnings results on Wednesday, August 5th.

On average, analysts expect that Alpha and Omega Semiconductor will report full-year earnings of $0.79 per share for the current year, with EPS estimates ranging from $0.76 to $0.81. For the next fiscal year, analysts anticipate that the business will post earnings of $0.71 per share, with EPS estimates ranging from $0.66 to $0.76. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Alpha and Omega Semiconductor.

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

A number of research analysts have recently commented on the stock. B. Riley boosted their price target on shares of Alpha and Omega Semiconductor from $8.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. BidaskClub raised shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a report on Wednesday, May 6th. TheStreet downgraded shares of Alpha and Omega Semiconductor from a “c-” rating to a “d+” rating in a report on Friday, March 20th. Zacks Investment Research downgraded shares of Alpha and Omega Semiconductor from a “buy” rating to a “hold” rating in a report on Friday, June 19th. Finally, ValuEngine raised shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Tuesday, March 17th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $14.00.

A number of institutional investors have recently bought and sold shares of AOSL. BNP Paribas Arbitrage SA lifted its stake in Alpha and Omega Semiconductor by 25.7% in the first quarter. BNP Paribas Arbitrage SA now owns 6,288 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 1,285 shares during the last quarter. Citigroup Inc. lifted its stake in Alpha and Omega Semiconductor by 31.8% in the first quarter. Citigroup Inc. now owns 6,715 shares of the semiconductor company’s stock worth $43,000 after purchasing an additional 1,622 shares during the last quarter. WINTON GROUP Ltd purchased a new position in shares of Alpha and Omega Semiconductor in the first quarter valued at about $76,000. Engineers Gate Manager LP increased its position in shares of Alpha and Omega Semiconductor by 16.6% in the first quarter. Engineers Gate Manager LP now owns 19,380 shares of the semiconductor company’s stock valued at $124,000 after acquiring an additional 2,754 shares during the period. Finally, Alliancebernstein L.P. increased its position in shares of Alpha and Omega Semiconductor by 20.0% in the first quarter. Alliancebernstein L.P. now owns 24,596 shares of the semiconductor company’s stock valued at $158,000 after acquiring an additional 4,096 shares during the period. 61.61% of the stock is owned by institutional investors and hedge funds.

Alpha and Omega Semiconductor stock traded down $0.66 during mid-day trading on Friday, reaching $9.89. The company’s stock had a trading volume of 351,475 shares, compared to its average volume of 145,082. Alpha and Omega Semiconductor has a 12-month low of $5.82 and a 12-month high of $14.50. The company has a market capitalization of $260.06 million, a P/E ratio of -61.81 and a beta of 2.24. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.86 and a current ratio of 1.53. The firm’s fifty day moving average price is $10.92 and its two-hundred day moving average price is $10.92.

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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