Zacks: Analysts Anticipate Alpha and Omega Semiconductor Ltd (AOSL) Will Post Quarterly Sales of $101.25 Million

Wall Street brokerages forecast that Alpha and Omega Semiconductor Ltd (NASDAQ:AOSL) will post $101.25 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Alpha and Omega Semiconductor’s earnings, with estimates ranging from $101.00 million to $101.50 million. Alpha and Omega Semiconductor posted sales of $93.28 million in the same quarter last year, which would indicate a positive year over year growth rate of 8.5%. The company is scheduled to report its next earnings results on Wednesday, May 2nd.

According to Zacks, analysts expect that Alpha and Omega Semiconductor will report full year sales of $101.25 million for the current year, with estimates ranging from $406.00 million to $413.90 million. For the next year, analysts expect that the firm will report 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 research analysts that that provide coverage for Alpha and Omega Semiconductor.

Several research analysts recently weighed in on AOSL shares. B. Riley boosted their target price on Alpha and Omega Semiconductor from $24.00 to $27.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Northland Securities restated a “buy” rating and set a $30.00 target price on shares of Alpha and Omega Semiconductor in a research note on Friday, November 3rd. BidaskClub downgraded Alpha and Omega Semiconductor from a “hold” rating to a “sell” rating in a research note on Saturday, December 2nd. Finally, Stifel Nicolaus dropped their target price on Alpha and Omega Semiconductor from $18.00 to $17.00 and set a “hold” rating on the stock in a research note on Tuesday, February 6th. One 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. The company presently has an average rating of “Hold” and a consensus target price of $24.67.

Alpha and Omega Semiconductor (NASDAQ AOSL) opened at $14.46 on Monday. Alpha and Omega Semiconductor has a one year low of $13.52 and a one year high of $22.19. The firm has a market capitalization of $345.71, a price-to-earnings ratio of 21.91 and a beta of 0.31.

In related news, CFO Yifan Liang sold 15,075 shares of the business’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $17.70, for a total transaction of $266,827.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 21.70% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its stake in Alpha and Omega Semiconductor by 11.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,193 shares of the semiconductor company’s stock valued at $270,000 after purchasing an additional 1,658 shares during the last quarter. Teachers Advisors LLC grew its stake in Alpha and Omega Semiconductor by 3.3% during the 2nd quarter. Teachers Advisors LLC now owns 92,115 shares of the semiconductor company’s stock valued at $1,536,000 after purchasing an additional 2,953 shares during the last quarter. Cornerstone Capital Management Holdings LLC. grew its stake in Alpha and Omega Semiconductor by 4.6% during the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 129,831 shares of the semiconductor company’s stock valued at $2,164,000 after purchasing an additional 5,700 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Alpha and Omega Semiconductor by 18.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 42,712 shares of the semiconductor company’s stock valued at $712,000 after purchasing an additional 6,653 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in Alpha and Omega Semiconductor by 264.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,319 shares of the semiconductor company’s stock valued at $169,000 after purchasing an additional 7,488 shares during the last quarter. Institutional investors and hedge funds own 69.44% of the company’s stock.

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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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