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

Alpha and Omega Semiconductor (NASDAQ:AOSL) released its quarterly earnings results on Tuesday. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $150.10 million during the quarter, compared to analyst estimates of $150.13 million. During the same quarter in the previous year, the company posted ($0.59) earnings per share. Alpha and Omega Semiconductor’s revenue for the quarter was up 13.2% on a year-over-year basis.

Alpha and Omega Semiconductor Price Performance

AOSL traded up $4.71 during trading on Wednesday, reaching $26.99. 223,419 shares of the company traded hands, compared to its average volume of 138,915. Alpha and Omega Semiconductor has a 12-month low of $19.38 and a 12-month high of $35.40. The firm has a fifty day simple moving average of $21.96 and a 200 day simple moving average of $23.48. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.33 and a current ratio of 2.52. The company has a market cap of $763.22 million, a P/E ratio of -39.81 and a beta of 2.36.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on AOSL. StockNews.com upgraded shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th. Stifel Nicolaus cut their price target on Alpha and Omega Semiconductor from $23.00 to $21.00 and set a “sell” rating for the company in a research note on Thursday, April 18th.

Alpha and Omega Semiconductor Company Profile

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.