Analysts expect Alpha and Omega Semiconductor Limited (NASDAQ:AOSL) to post earnings of $0.21 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Alpha and Omega Semiconductor Limited’s earnings, with estimates ranging from $0.18 to $0.23. Alpha and Omega Semiconductor Limited posted earnings of $0.14 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 50%. The firm is scheduled to issue its next quarterly earnings results on Thursday, November 2nd.

According to Zacks, analysts expect that Alpha and Omega Semiconductor Limited will report full year earnings of $0.69 per share for the current financial year, with EPS estimates ranging from $0.62 to $0.82. For the next financial year, analysts anticipate that the company will post earnings of $0.72 per share. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Alpha and Omega Semiconductor Limited.

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

AOSL has been the subject of a number of research reports. Zacks Investment Research raised Alpha and Omega Semiconductor Limited from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research note on Tuesday, May 9th. TheStreet upgraded Alpha and Omega Semiconductor Limited from a “c+” rating to a “b-” rating in a report on Friday, May 5th. Northland Securities reiterated a “buy” rating and issued a $30.00 target price on shares of Alpha and Omega Semiconductor Limited in a report on Thursday, July 6th. Sidoti initiated coverage on Alpha and Omega Semiconductor Limited in a report on Thursday, July 13th. They issued a “buy” rating for the company. Finally, B. Riley reiterated a “buy” rating and issued a $30.00 target price on shares of Alpha and Omega Semiconductor Limited in a report on Tuesday, May 9th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $27.00.

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Hedge funds have recently made changes to their positions in the company. State Street Corp increased its stake in shares of Alpha and Omega Semiconductor Limited 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 period. Strs Ohio increased its stake in shares of Alpha and Omega Semiconductor Limited by 18.3% in the first quarter. Strs Ohio now owns 38,100 shares of the semiconductor company’s stock worth $654,000 after buying an additional 5,900 shares during the period. Teachers Advisors LLC increased its stake in shares of Alpha and Omega Semiconductor Limited by 64.9% in the fourth quarter. Teachers Advisors LLC now owns 82,992 shares of the semiconductor company’s stock worth $1,765,000 after buying an additional 32,673 shares during the period. Prudential Financial Inc. increased its stake in shares of Alpha and Omega Semiconductor Limited by 2.1% in the first quarter. Prudential Financial Inc. now owns 217,615 shares of the semiconductor company’s stock worth $3,741,000 after buying an additional 4,390 shares during the period. Finally, Stevens Capital Management LP acquired a new stake in shares of Alpha and Omega Semiconductor Limited during the first quarter worth about $229,000. 70.54% of the stock is owned by institutional investors.

Shares of Alpha and Omega Semiconductor Limited (AOSL) traded up 2.73% during midday trading on Friday, hitting $15.78. The company had a trading volume of 175,313 shares. Alpha and Omega Semiconductor Limited has a 12 month low of $15.00 and a 12 month high of $23.93. The company has a 50-day moving average of $17.28 and a 200 day moving average of $18.21. The firm has a market capitalization of $378.59 million, a PE ratio of 28.18 and a beta of 0.26.

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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