Wall Street analysts forecast that Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) will post $101.93 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Alpha and Omega Semiconductor’s earnings, with the lowest sales estimate coming in at $101.40 million and the highest estimate coming in at $102.40 million. Alpha and Omega Semiconductor reported sales of $94.69 million in the same quarter last year, which would suggest a positive year over year growth rate of 7.6%. The business is expected to report its next earnings report on Wednesday, February 14th.

According to Zacks, analysts expect that Alpha and Omega Semiconductor will report full-year sales of $101.93 million for the current financial year, with estimates ranging from $406.00 million to $413.90 million. For the next financial year, analysts expect that the business will post sales of $430.10 million per share, with estimates ranging from $416.40 million to $439.60 million. Zacks’ sales averages are an average based on a survey of analysts that follow Alpha and Omega Semiconductor.

Alpha and Omega Semiconductor (NASDAQ:AOSL) last posted its earnings results on Thursday, November 2nd. The semiconductor company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). Alpha and Omega Semiconductor had a return on equity of 4.85% and a net margin of 3.92%. The business had revenue of $104.90 million during the quarter, compared to the consensus estimate of $103.15 million. During the same quarter last year, the firm earned $0.14 earnings per share. The business’s quarterly revenue was up 7.0% on a year-over-year basis.

A number of research firms have recently weighed in on AOSL. B. Riley restated a “buy” rating and issued a $30.00 target price on shares of Alpha and Omega Semiconductor in a report on Sunday, August 13th. BidaskClub downgraded shares of Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a report on Saturday. Stifel Nicolaus restated a “hold” rating and issued a $18.00 target price on shares of Alpha and Omega Semiconductor in a report on Thursday, October 12th. Finally, Northland Securities restated a “buy” rating and issued a $30.00 target price on shares of Alpha and Omega Semiconductor in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $25.00.

In other news, VP Daniel Kuang Ming Chang sold 3,398 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $18.00, for a total value of $61,164.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 21.70% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in AOSL. Voya Investment Management LLC purchased a new stake in Alpha and Omega Semiconductor during the second quarter valued at approximately $177,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Alpha and Omega Semiconductor during the second quarter valued at approximately $178,000. Alliancebernstein L.P. purchased a new stake in Alpha and Omega Semiconductor during the second quarter valued at approximately $227,000. Ameriprise Financial Inc. purchased a new stake in Alpha and Omega Semiconductor during the second quarter valued at approximately $238,000. Finally, First Trust Advisors LP purchased a new stake in Alpha and Omega Semiconductor during the third quarter valued at approximately $256,000. 70.52% of the stock is owned by hedge funds and other institutional investors.

Alpha and Omega Semiconductor (NASDAQ:AOSL) traded down $0.01 during trading on Wednesday, hitting $17.33. 91,100 shares of the stock were exchanged, compared to its average volume of 107,953. Alpha and Omega Semiconductor has a 12-month low of $14.81 and a 12-month high of $23.62. The company has a market cap of $416.82, a P/E ratio of 28.43 and a beta of 0.26.

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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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