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

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

Alpha and Omega Semiconductor Price Performance

Shares of Alpha and Omega Semiconductor stock traded down $0.31 during midday trading on Friday, hitting $26.78. 18,092 shares of the company were exchanged, compared to its average volume of 143,081. The firm has a 50 day simple moving average of $22.17 and a 200-day simple moving average of $23.53. 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 cap of $757.28 million, a P/E ratio of -43.00 and a beta of 2.36. Alpha and Omega Semiconductor has a 52 week low of $19.38 and a 52 week high of $35.40.

Analyst Ratings Changes

AOSL has been the topic of a number of recent research reports. StockNews.com raised Alpha and Omega Semiconductor from a “sell” rating to a “hold” rating in a research report on Wednesday, March 6th. Stifel Nicolaus lowered 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.

Insiders Place Their Bets

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