Diodes Incorporated (DIOD) to Release Quarterly Earnings on Tuesday
Diodes Incorporated (NASDAQ:DIOD) is set to announce its earnings results after the market closes on Tuesday, November 7th. Analysts expect the company to announce earnings of $0.45 per share for the quarter.
Diodes (NASDAQ:DIOD) last released its earnings results on Tuesday, August 8th. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.36. The company had revenue of $264.20 million for the quarter, compared to the consensus estimate of $261.15 million. Diodes had a net margin of 2.68% and a return on equity of 5.64%. The company’s revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.20 EPS. On average, analysts expect Diodes to post $1.4 EPS for the current fiscal year and $1.8 EPS for the next fiscal year.
Shares of Diodes Incorporated (NASDAQ:DIOD) opened at 33.72 on Tuesday. The firm has a market capitalization of $1.65 billion, a P/E ratio of 63.86 and a beta of 1.26. Diodes Incorporated has a 12 month low of $20.01 and a 12 month high of $35.28. The company has a 50 day moving average of $30.85 and a 200-day moving average of $26.99.
Several analysts recently commented on DIOD shares. BidaskClub cut Diodes from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Zacks Investment Research cut Diodes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 11th. Cleveland Research cut Diodes from a “buy” rating to a “neutral” rating in a report on Thursday, July 20th. Sidoti started coverage on Diodes in a report on Thursday, September 21st. They issued a “neutral” rating and a $32.00 target price on the stock. Finally, Robert W. Baird reiterated a “buy” rating and issued a $37.00 target price on shares of Diodes in a report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $35.67.
In other Diodes news, major shareholder Semiconductor Corp Lite-On sold 116,209 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $26.95, for a total value of $3,131,832.55. Following the transaction, the insider now directly owns 8,045,778 shares of the company’s stock, valued at $216,833,717.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director C H. Chen sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $28.25, for a total value of $847,500.00. Following the completion of the transaction, the director now directly owns 509,979 shares in the company, valued at $14,406,906.75. The disclosure for this sale can be found here. Insiders sold 639,852 shares of company stock worth $18,535,405 over the last quarter. 7.00% of the stock is currently owned by company insiders.
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Diodes Incorporated is a manufacturer and supplier of application-specific standard products within the discrete, logic, analog and mixed-signal semiconductor markets, serving the consumer electronics, computing, communications, industrial and automotive markets. The Company’s products include diodes; rectifiers; transistors; metal-oxide semiconductor field-effect transistors (MOSFETs); protection devices; amplifiers and comparators; Hall-effect and temperature sensors, and power management devices, including light emitting diode (LED) drivers, alternating current (AC)-direct current (DC) and DC-DC switching, linear voltage regulators and voltage references, along with special function devices, such as universal serial bus (USB) power switches, load switches, voltage supervisors and motor controllers.
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