Brokerages forecast that Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) will report $103.10 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Alpha and Omega Semiconductor Limited’s earnings, with estimates ranging from $103.00 million to $103.30 million. Alpha and Omega Semiconductor Limited reported sales of $97.36 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.9%. The business is scheduled to report its next earnings report 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 $401.90 million to $408.80 million. For the next year, analysts anticipate that the company will post sales of $423.30 million per share, with estimates ranging from $417.00 million to $435.00 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Alpha and Omega Semiconductor Limited.

Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) last released its quarterly earnings data on Wednesday, August 9th. The semiconductor company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.09. Alpha and Omega Semiconductor Limited had a return on equity of 4.80% and a net margin of 3.61%. The firm had revenue of $98 million during the quarter, compared to analysts’ expectations of $97.50 million. The company’s revenue was up 5.0% compared to the same quarter last year.

A number of analysts have recently commented on the company. B. Riley reissued a “buy” rating and issued a $30.00 price objective on shares of Alpha and Omega Semiconductor Limited in a research note on Thursday, May 4th. Sidoti assumed coverage on Alpha and Omega Semiconductor Limited in a research note on Thursday, July 13th. They issued a “buy” rating on the stock. Zacks Investment Research downgraded Alpha and Omega Semiconductor Limited from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Northland Securities reissued a “buy” rating and issued a $30.00 price objective on shares of Alpha and Omega Semiconductor Limited in a research note on Thursday, July 6th. Finally, TheStreet raised Alpha and Omega Semiconductor Limited from a “c+” rating to a “b-” rating in a research note on Friday, May 5th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Alpha and Omega Semiconductor Limited currently has a consensus rating of “Buy” and an average target price of $27.00.

Shares of Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) traded down 4.16% on Monday, hitting $14.96. The stock had a trading volume of 140,226 shares. The firm has a market cap of $358.92 million, a P/E ratio of 26.71 and a beta of 0.26. The company’s 50-day moving average price is $17.09 and its 200 day moving average price is $18.04. Alpha and Omega Semiconductor Limited has a 12-month low of $14.92 and a 12-month high of $23.93.

Several hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in Alpha and Omega Semiconductor Limited during the first quarter worth approximately $150,000. Voya Investment Management LLC purchased a new stake in Alpha and Omega Semiconductor Limited during the second quarter worth approximately $177,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Alpha and Omega Semiconductor Limited during the second quarter worth approximately $178,000. MARSHALL WACE ASIA Ltd purchased a new stake in Alpha and Omega Semiconductor Limited during the first quarter worth approximately $187,000. Finally, Marshall Wace North America L.P. purchased a new stake in Alpha and Omega Semiconductor Limited during the first quarter worth approximately $187,000. 71.70% of the stock is currently owned by institutional investors.

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Alpha and Omega Semiconductor Limited Company Profile

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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