Wall Street brokerages expect Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) to announce $97.13 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Alpha and Omega Semiconductor’s earnings, with estimates ranging from $97 million to $97.4 million. Alpha and Omega Semiconductor reported sales of $91.41 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.3%. The business is scheduled to report its next earnings results on Wednesday, August 9th.

On average, analysts expect that Alpha and Omega Semiconductor will report full-year sales of $97.13 million for the current financial year, with estimates ranging from $382.3 million to $382.7 million. For the next fiscal year, analysts expect that the firm will report sales of $400.17 million per share, with estimates ranging from $397.1 million to $403.3 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Alpha and Omega Semiconductor.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last issued its quarterly earnings results on Wednesday, May 3rd. The semiconductor company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.12. Alpha and Omega Semiconductor had a net margin of 1.86% and a return on equity of 2.71%. The business had revenue of $93.30 million for the quarter, compared to analysts’ expectations of $92.10 million. During the same period last year, the business earned ($0.06) earnings per share. The business’s quarterly revenue was up 12.4% on a year-over-year basis.

Several equities analysts have commented on AOSL shares. B. Riley reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Alpha and Omega Semiconductor in a research report on Thursday, March 23rd. TheStreet raised Alpha and Omega Semiconductor from a “c+” rating to a “b-” rating in a research report on Friday, May 5th. Finally, Zacks Investment Research raised Alpha and Omega Semiconductor from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research report on Tuesday.

Alpha and Omega Semiconductor (NASDAQ:AOSL) opened at 18.95 on Thursday. The company has a market capitalization of $450.82 million, a PE ratio of 39.32 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 firm’s 50-day moving average is $16.94 and its 200-day moving average is $19.87.

In other Alpha and Omega Semiconductor news, VP Daniel Kuang Ming Chang sold 6,891 shares of the company’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $18.83, for a total value of $129,757.53. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 21.70% of the company’s stock.

A number of institutional investors have recently made changes to their positions in AOSL. Dimensional Fund Advisors LP increased its position in shares of Alpha and Omega Semiconductor by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,959,788 shares of the semiconductor company’s stock valued at $41,686,000 after buying an additional 38,191 shares during the period. Numeric Investors LLC increased its position in Alpha and Omega Semiconductor by 4.6% in the fourth quarter. Numeric Investors LLC now owns 755,252 shares of the semiconductor company’s stock worth $16,064,000 after buying an additional 33,200 shares during the last quarter. Renaissance Technologies LLC increased its position in Alpha and Omega Semiconductor by 5.5% in the fourth quarter. Renaissance Technologies LLC now owns 746,500 shares of the semiconductor company’s stock worth $15,878,000 after buying an additional 39,100 shares during the last quarter. AQR Capital Management LLC increased its position in Alpha and Omega Semiconductor by 41.0% in the fourth quarter. AQR Capital Management LLC now owns 395,526 shares of the semiconductor company’s stock worth $8,413,000 after buying an additional 114,997 shares during the last quarter. Finally, State Street Corp increased its position in Alpha and Omega Semiconductor by 4.0% in the fourth quarter. State Street Corp now owns 295,844 shares of the semiconductor company’s stock worth $6,293,000 after buying an additional 11,437 shares during the last quarter. 68.61% of the stock is currently owned by institutional investors.

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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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