Zacks: Analysts Expect Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) Will Post Earnings of $0.18 Per Share

Analysts expect Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) to post earnings per share of $0.18 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Alpha and Omega Semiconductor’s earnings. The highest EPS estimate is $0.20 and the lowest is $0.16. Alpha and Omega Semiconductor reported earnings per share of $0.35 during the same quarter last year, which suggests a negative year-over-year growth rate of 48.6%. The company is scheduled to issue its next quarterly earnings report 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 fiscal year, with EPS estimates ranging from $0.76 to $0.81. For the next financial year, analysts forecast that the company will report earnings of $0.71 per share, with EPS estimates ranging from $0.66 to $0.76. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Alpha and Omega Semiconductor.

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

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

Institutional investors have recently added to or reduced their stakes in the business. Citigroup Inc. lifted its holdings in Alpha and Omega Semiconductor by 85.9% in the fourth quarter. Citigroup Inc. now owns 5,093 shares of the semiconductor company’s stock valued at $69,000 after acquiring an additional 2,353 shares during the period. BNP Paribas Arbitrage SA lifted its holdings 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 valued at $40,000 after acquiring an additional 1,285 shares during the period. WINTON GROUP Ltd acquired a new stake in Alpha and Omega Semiconductor in the first quarter valued at $76,000. Trexquant Investment LP lifted its holdings in Alpha and Omega Semiconductor by 40.7% in the fourth quarter. Trexquant Investment LP now owns 15,623 shares of the semiconductor company’s stock valued at $213,000 after acquiring an additional 4,518 shares during the period. Finally, UBS Asset Management Americas Inc. acquired a new stake in Alpha and Omega Semiconductor in the fourth quarter valued at $231,000. 61.61% of the stock is owned by institutional investors.

Shares of NASDAQ AOSL traded down $0.66 during mid-day trading on Friday, hitting $9.89. 351,475 shares of the company were exchanged, compared to its average volume of 145,082. 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 stock has a 50 day simple moving average of $10.92 and a 200-day simple moving average of $10.92. Alpha and Omega Semiconductor has a 1-year low of $5.82 and a 1-year high of $14.50. The firm has a market cap of $260.06 million, a price-to-earnings ratio of -61.81 and a beta of 2.24.

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.

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