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Tale of the Tape

Zacks Equity Research

Why Alpha & Omega Semiconductor (AOSL) Stock Might be a Great Pick
November 10, 2016

AOSL

Trades from $3

One stock that might be an intriguing choice for investors right now is Alpha & Omega Semiconductor, Ltd. (AOSL - Free Report) . This is because this security in the Electronic Component-Semiconductors space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Electronic Component-Semiconductors space as it currently has a Zacks Industry Rank of 38 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Alpha & Omega is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

ALPHA&OMEGA SEM Price and Consensus

 

ALPHA&OMEGA SEM Price and Consensus | ALPHA&OMEGA SEM Quote

In fact, over the past month, current quarter estimates have risen from 1 penny per share to 8 cents per share, while current year estimates have risen from 7 cents per share to 26 cents per share. This has helped AOSL to earn a Zacks Rank #2 (Buy), further underscoring the company’s solid position. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

So, if you are looking for a decent pick in a strong industry, consider Alpha & Omega. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

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