Diodes (DIOD) Set to Announce Quarterly Earnings on Thursday

Diodes (NASDAQ:DIOD) is scheduled to release its earnings data after the market closes on Thursday, May 9th. Analysts expect Diodes to post earnings of $0.27 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Diodes (NASDAQ:DIOD) last issued its earnings results on Tuesday, February 6th. The semiconductor company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. Diodes had a return on equity of 12.79% and a net margin of 13.67%. The firm had revenue of $322.70 million for the quarter, compared to the consensus estimate of $324.76 million. During the same quarter in the prior year, the business earned $1.73 earnings per share. The company’s revenue was down 35.0% compared to the same quarter last year. On average, analysts expect Diodes to post $3 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Diodes Trading Up 1.7 %

Diodes stock opened at $74.04 on Tuesday. The firm has a market cap of $3.42 billion, a PE ratio of 15.08 and a beta of 1.44. Diodes has a 12 month low of $60.00 and a 12 month high of $97.37. The stock’s 50 day simple moving average is $69.17 and its two-hundred day simple moving average is $70.39. The company has a current ratio of 3.02, a quick ratio of 2.03 and a debt-to-equity ratio of 0.01.

Wall Street Analyst Weigh In

DIOD has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price target on Diodes from $80.00 to $70.00 and set an “equal weight” rating for the company in a report on Wednesday, February 7th. Truist Financial decreased their target price on Diodes from $78.00 to $67.00 and set a “hold” rating on the stock in a research report on Wednesday, February 7th. Finally, TD Cowen boosted their price target on shares of Diodes from $72.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $72.40.

Insiders Place Their Bets

In other Diodes news, CEO Keh Shew Lu sold 1,500 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $68.06, for a total value of $102,090.00. Following the transaction, the chief executive officer now directly owns 281,992 shares in the company, valued at approximately $19,192,375.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Keh Shew Lu sold 1,500 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $68.06, for a total transaction of $102,090.00. Following the completion of the transaction, the chief executive officer now owns 281,992 shares of the company’s stock, valued at approximately $19,192,375.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Brett R. Whitmire sold 3,400 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $67.30, for a total value of $228,820.00. Following the completion of the sale, the chief financial officer now directly owns 48,265 shares in the company, valued at approximately $3,248,234.50. The disclosure for this sale can be found here. Insiders sold 25,900 shares of company stock valued at $1,774,570 in the last three months. 2.30% of the stock is currently owned by insiders.

About Diodes

Diodes Incorporated, together with its subsidiaries, manufactures and supplies application-specific standard products in the broad discrete, logic, analog, and mixed-signal semiconductor markets worldwide. The company offers discrete semiconductor products, such as MOSFETs, SiC MOSFETs; data line protection, power line protection, thyristers, USB Type-C protection, and transient voltage suppressors; Schottky, small signal switching, Zener, and SiC diodes; bridges, super barrier, Schottky, Schottky bridge, and fast/ultra-fast rectifiers; and bipolar, avalanche, gate driver, and pre-bias transistors.