Alpha and Omega Semiconductor Ltd (AOSL) Expected to Announce Earnings of $0.02 Per Share

Wall Street brokerages expect that Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) will report earnings of $0.02 per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Alpha and Omega Semiconductor’s earnings, with the highest EPS estimate coming in at $0.05 and the lowest estimate coming in at $0.00. Alpha and Omega Semiconductor reported earnings of ($0.05) per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 140%. The company is expected to report its next quarterly earnings results after the market closes on Wednesday, May 3rd.

According to Zacks, analysts expect that Alpha and Omega Semiconductor will report full-year earnings of $0.34 per share for the current year, with EPS estimates ranging from $0.31 to $0.38. For the next financial year, analysts anticipate that the company will post earnings of $0.42 per share, with EPS estimates ranging from $0.34 to $0.59. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Alpha and Omega Semiconductor.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last released its quarterly earnings data on Wednesday, February 8th. The semiconductor company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.05. The firm had revenue of $94.07 million for the quarter, compared to analysts’ expectations of $93.27 million. Alpha and Omega Semiconductor had a net margin of 1.86% and a return on equity of 2.71%. The company’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.07) earnings per share.

A number of analysts have issued reports on AOSL shares. Zacks Investment Research raised Alpha and Omega Semiconductor from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Tuesday, February 14th. TheStreet downgraded Alpha and Omega Semiconductor from a “b” rating to a “c+” rating in a research note on Thursday, February 9th. Finally, B. Riley reiterated a “buy” rating and set a $30.00 price target on shares of Alpha and Omega Semiconductor in a report on Thursday, March 23rd.

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Several institutional investors have recently added to or reduced their stakes in AOSL. Chicago Equity Partners LLC boosted its position in Alpha and Omega Semiconductor by 6.8% in the third quarter. Chicago Equity Partners LLC now owns 19,011 shares of the semiconductor company’s stock worth $413,000 after buying an additional 1,215 shares in the last quarter. Wells Fargo & Company MN boosted its position in Alpha and Omega Semiconductor by 13.2% in the third quarter. Wells Fargo & Company MN now owns 6,576 shares of the semiconductor company’s stock worth $143,000 after buying an additional 766 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Alpha and Omega Semiconductor by 38.3% in the third quarter. JPMorgan Chase & Co. now owns 1,394,109 shares of the semiconductor company’s stock worth $30,280,000 after buying an additional 385,824 shares in the last quarter. Prudential Financial Inc. boosted its position in Alpha and Omega Semiconductor by 43.1% in the third quarter. Prudential Financial Inc. now owns 169,195 shares of the semiconductor company’s stock worth $3,675,000 after buying an additional 50,950 shares in the last quarter. Finally, DIAM Co. Ltd. acquired a new position in Alpha and Omega Semiconductor during the third quarter worth $680,000. Institutional investors and hedge funds own 68.61% of the company’s stock.

Alpha and Omega Semiconductor (NASDAQ:AOSL) traded down 2.75% during midday trading on Tuesday, hitting $16.28. 118,767 shares of the stock traded hands. The firm has a market cap of $384.29 million, a PE ratio of 55.95 and a beta of 0.37. Alpha and Omega Semiconductor has a 12 month low of $12.47 and a 12 month high of $23.93. The company’s 50 day moving average price is $17.07 and its 200 day moving average price is $20.32.

About Alpha and Omega Semiconductor

Alpha and Omega Semiconductor Limited is a designer, developer and global supplier of power semiconductors. The Company’s portfolio of power semiconductors includes approximately 1,600 products, as of June 30, 2016. The Company’s product portfolio consists of two categories: power discretes and power integrated circuits (ICs).

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