Wall Street brokerages predict that Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) will report sales of $103.10 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Alpha and Omega Semiconductor Limited’s earnings. The lowest sales estimate is $103.00 million and the highest is $103.30 million. Alpha and Omega Semiconductor Limited posted sales of $97.36 million in the same quarter last year, which suggests a positive year-over-year growth rate of 5.9%. The business is scheduled to issue its next earnings results after the market closes on Thursday, November 2nd.

On average, analysts expect that Alpha and Omega Semiconductor Limited will report full-year sales of $103.10 million for the current year, with estimates ranging from $383.00 million to $408.80 million. For the next fiscal year, analysts expect that the business will post sales of $421.33 million per share, with estimates ranging from $412.00 million to $435.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Alpha and Omega Semiconductor Limited.

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) last announced its quarterly earnings results on Wednesday, August 9th. The semiconductor company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.09. The firm had revenue of $98.00 million during the quarter, compared to analysts’ expectations of $97.50 million. Alpha and Omega Semiconductor Limited had a net margin of 3.61% and a return on equity of 4.76%. The company’s quarterly revenue was up 5.0% on a year-over-year basis.

Several analysts have recently issued reports on the stock. B. Riley reiterated a “buy” rating and issued a $30.00 target price on shares of Alpha and Omega Semiconductor Limited in a research note on Sunday, August 13th. Stifel Nicolaus reiterated a “hold” rating and issued a $18.00 target price on shares of Alpha and Omega Semiconductor Limited in a research note on Thursday, October 12th. Zacks Investment Research lowered shares of Alpha and Omega Semiconductor Limited from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Sidoti assumed coverage on shares of Alpha and Omega Semiconductor Limited in a research note on Thursday, July 13th. They issued a “buy” rating for the company. Finally, Northland Securities reiterated a “buy” rating and issued a $30.00 target price on shares of Alpha and Omega Semiconductor Limited in a research note on Thursday, July 6th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $26.00.

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In related news, VP Daniel Kuang Ming Chang sold 3,588 shares of the stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $17.19, for a total transaction of $61,677.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 21.70% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of AOSL. Royce & Associates LP grew its position in Alpha and Omega Semiconductor Limited by 45.4% during the second quarter. Royce & Associates LP now owns 818,504 shares of the semiconductor company’s stock valued at $13,644,000 after buying an additional 255,666 shares during the period. AJO LP bought a new position in Alpha and Omega Semiconductor Limited during the second quarter valued at about $3,160,000. Renaissance Technologies LLC grew its position in Alpha and Omega Semiconductor Limited by 23.6% during the first quarter. Renaissance Technologies LLC now owns 922,500 shares of the semiconductor company’s stock valued at $15,858,000 after buying an additional 176,000 shares during the period. Vanguard Group Inc. grew its position in Alpha and Omega Semiconductor Limited by 14.6% during the second quarter. Vanguard Group Inc. now owns 1,121,894 shares of the semiconductor company’s stock valued at $18,702,000 after buying an additional 143,303 shares during the period. Finally, AQR Capital Management LLC grew its position in Alpha and Omega Semiconductor Limited by 24.2% during the first quarter. AQR Capital Management LLC now owns 491,373 shares of the semiconductor company’s stock valued at $8,447,000 after buying an additional 95,847 shares during the period. Institutional investors own 69.45% of the company’s stock.

Shares of Alpha and Omega Semiconductor Limited (AOSL) traded up 1.66% during mid-day trading on Friday, reaching $17.75. 41,532 shares of the company’s stock were exchanged. The company has a market cap of $425.95 million, a PE ratio of 31.70 and a beta of 0.28. The company’s 50-day moving average price is $16.51 and its 200 day moving average price is $17.12. Alpha and Omega Semiconductor Limited has a 52-week low of $14.81 and a 52-week high of $23.93.

About Alpha and Omega Semiconductor Limited

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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