Alpha and Omega Semiconductor (NASDAQ:AOSL) Issues Earnings Results, Beats Estimates By $0.10 EPS

Alpha and Omega Semiconductor (NASDAQ:AOSL) announced its quarterly earnings data on Tuesday. The semiconductor company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.10, Briefing.com reports. Alpha and Omega Semiconductor had a positive return on equity of 0.64% and a negative net margin of 2.68%. The firm had revenue of $150.10 million for the quarter, compared to the consensus estimate of $150.13 million. During the same quarter last year, the business posted ($0.59) earnings per share. The firm’s revenue was up 13.2% compared to the same quarter last year.

Alpha and Omega Semiconductor Trading Down 1.5 %

AOSL stock traded down $0.40 during midday trading on Thursday, hitting $26.53. 35,914 shares of the company’s stock were exchanged, compared to its average volume of 141,954. The business has a 50-day simple moving average of $22.06 and a two-hundred day simple moving average of $23.51. The company has a current ratio of 2.52, a quick ratio of 1.33 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $750.22 million, a PE ratio of -42.75 and a beta of 2.36. Alpha and Omega Semiconductor has a 1-year low of $19.38 and a 1-year high of $35.40.

Analyst Ratings Changes

AOSL has been the topic of a number of analyst reports. Stifel Nicolaus reduced their price objective on Alpha and Omega Semiconductor from $23.00 to $21.00 and set a “sell” rating on the stock in a research report on Thursday, April 18th. StockNews.com raised Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th.

Insiders Place Their Bets

In other news, EVP Bing Xue sold 1,956 shares of Alpha and Omega Semiconductor stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $19.57, for a total value of $38,278.92. Following the completion of the sale, the executive vice president now directly owns 130,082 shares of the company’s stock, valued at $2,545,704.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, EVP Bing Xue sold 1,956 shares of Alpha and Omega Semiconductor stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $19.57, for a total value of $38,278.92. Following the completion of the sale, the executive vice president now directly owns 130,082 shares of the company’s stock, valued at $2,545,704.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Yifan Liang sold 20,000 shares of Alpha and Omega Semiconductor stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $23.31, for a total value of $466,200.00. Following the completion of the sale, the chief financial officer now directly owns 293,296 shares of the company’s stock, valued at $6,836,729.76. The disclosure for this sale can be found here. Insiders sold a total of 40,649 shares of company stock valued at $920,392 over the last quarter. 17.90% of the stock is owned by insiders.

About Alpha and Omega Semiconductor

Alpha and Omega Semiconductor Limited designs, develops, and supplies power semiconductor products for computing, consumer electronics, communication, and industrial applications in Hong Kong, China, South Korea, the United States, and internationally. It offers power discrete products, including metal-oxide-semiconductor field-effect transistors (MOSFET), SRFETs, XSFET, electrostatic discharge, protected MOSFETs, high and mid-voltage MOSFETs, and insulated gate bipolar transistors for use in smart phone chargers, battery packs, notebooks, desktop and servers, data centers, base stations, graphics card, game boxes, TVs, AC adapters, power supplies, motor control, power tools, E-vehicles, white goods and industrial motor drives, UPS systems, solar inverters, and industrial welding.