Alpha and Omega Semiconductor (NASDAQ:AOSL) Announces Quarterly Earnings Results

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

Alpha and Omega Semiconductor Stock Performance

Shares of AOSL stock traded up $4.48 during trading hours on Wednesday, hitting $26.76. The stock had a trading volume of 199,763 shares, compared to its average volume of 138,564. Alpha and Omega Semiconductor has a twelve month low of $19.38 and a twelve month high of $35.40. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.52 and a quick ratio of 1.33. The stock’s 50 day moving average is $21.96 and its 200 day moving average is $23.48. The firm has a market capitalization of $756.72 million, a PE ratio of -39.81 and a beta of 2.36.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. StockNews.com raised shares of Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research note on Wednesday, March 6th. Stifel Nicolaus reduced their price target on shares of 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.

Insider Transactions at Alpha and Omega Semiconductor

In other news, CFO Yifan Liang sold 20,000 shares of the company’s 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 sale, the chief financial officer now owns 293,296 shares in the company, valued at $6,836,729.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Yifan Liang sold 20,000 shares of the company’s 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 sale, the chief financial officer now owns 293,296 shares in the company, valued at $6,836,729.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Bing Xue sold 14,292 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $22.77, for a total value of $325,428.84. Following the completion of the transaction, the executive vice president now owns 131,291 shares of the company’s stock, valued at approximately $2,989,496.07. The disclosure for this sale can be found here. Insiders sold 40,649 shares of company stock worth $920,392 over the last 90 days. 17.90% of the stock is currently 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.