Diodes (DIOD) Announces Quarterly Earnings Results

Diodes (NASDAQ:DIOD) announced its quarterly earnings data on Wednesday. The semiconductor company reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.02, Briefing.com reports. The company had revenue of $268.43 million for the quarter, compared to the consensus estimate of $270.62 million. Diodes had a return on equity of 6.44% and a net margin of 2.96%. Diodes’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.15 EPS.

Shares of Diodes (DIOD) opened at $31.34 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.18 and a current ratio of 3.12. The firm has a market capitalization of $1,300.00, a price-to-earnings ratio of 43.98 and a beta of 1.05. Diodes has a 12 month low of $22.06 and a 12 month high of $35.36.

In other Diodes news, SVP Mark A. King sold 14,396 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $31.29, for a total value of $450,450.84. Following the completion of the sale, the senior vice president now directly owns 94,719 shares in the company, valued at $2,963,757.51. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Semiconductor Corp Lite-On sold 1,379 shares of the stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $32.00, for a total value of $44,128.00. The disclosure for this sale can be found here. Insiders have sold a total of 136,078 shares of company stock valued at $4,254,815 over the last 90 days. 7.00% of the stock is currently owned by company insiders.

Several brokerages have commented on DIOD. BidaskClub downgraded Diodes from a “hold” rating to a “sell” rating in a research report on Wednesday, December 6th. ValuEngine downgraded Diodes from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Benchmark downgraded Diodes from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Robert W. Baird reaffirmed a “buy” rating and issued a $37.00 price objective on shares of Diodes in a research report on Tuesday, October 17th. Finally, Zacks Investment Research raised Diodes from a “sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Diodes has an average rating of “Hold” and an average target price of $36.25.

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Diodes Company Profile

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.

Earnings History for Diodes (NASDAQ:DIOD)

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