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

Alpha and Omega Semiconductor (NASDAQ:AOSL) announced its quarterly earnings data on Tuesday. The semiconductor company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.10, Briefing.com reports. The firm had revenue of $150.10 million for the quarter, compared to the consensus estimate 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%. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.59) earnings per share.

Alpha and Omega Semiconductor Stock Up 20.1 %

Shares of Alpha and Omega Semiconductor stock traded up $4.48 during trading on Wednesday, reaching $26.76. 199,763 shares of the company traded hands, compared to its average volume of 138,564. 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 firm has a market capitalization of $756.72 million, a PE ratio of -39.81 and a beta of 2.36. The company has a 50 day moving average price of $21.96 and a 200-day moving average price of $23.48. Alpha and Omega Semiconductor has a 1-year low of $19.38 and a 1-year high of $35.40.

Wall Street Analyst Weigh In

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

Insider Activity

In other Alpha and Omega Semiconductor news, EVP Bing Xue sold 14,292 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 131,291 shares of the company’s stock, valued at $2,989,496.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Bing Xue sold 14,292 shares of the firm’s stock in a transaction dated Wednesday, February 14th. The shares were sold at an average price of $22.77, for a total value of $325,428.84. Following the transaction, the executive vice president now owns 131,291 shares of the company’s stock, valued at approximately $2,989,496.07. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 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 worth $920,392 in the last three months. Company insiders own 17.90% of the company’s stock.

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.