Alpha and Omega Semiconductor (AOSL) closed at $28.68 in the latest trading session, marking a +1.09% move from the prior day. This move outpaced the S&P 500's daily loss of 0.77%.Heading into today, shares of the chipmaker had gained 3.92% over the past month, outpacing the Computer and Technology sector's gain of 3.13% and the S&P 500's gain of 1.55% in that time.Investors will be hoping for strength from AOSL as it approaches its next earnings release. On that day, AOSL is projected to report earnings of $0.95 per share, which would represent year-over-year growth of 72.73%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $180 million, up 18.77% from the year-ago period.Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.41 per share and revenue of $704.35 million. These totals would mark changes of +16.38% and +7.22%, respectively, from last year.Investors might also notice recent changes to analyst estimates for AOSL. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 24.49% higher. AOSL is holding a Zacks Rank of #1 (Strong Buy) right now.Valuation is also important, so investors should note that AOSL has a Forward P/E ratio of 8.33 right now. This represents a discount compared to its industry's average Forward P/E of 19.99.The Electronics - Semiconductors industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 119, putting it in the top 47% of all 250+ industries.The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.You can find more information on all of these metrics, and much more, on Zacks.com. Bitcoin, Like the Internet Itself, Could Change Everything Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities. Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. See 3 crypto-related stocks now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Alpha and Omega Semiconductor Limited (AOSL): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research