Diodes (DIOD) Set to Announce Earnings on Thursday

Diodes (NASDAQ:DIOD) is scheduled to post its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect Diodes to post earnings of $0.27 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. Diodes had a net margin of 13.67% and a return on equity of 12.79%. The firm had revenue of $322.70 million during the quarter, compared to analysts’ expectations of $324.76 million. During the same quarter last year, the company posted $1.73 earnings per share. The company’s revenue for the quarter 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 Stock Up 1.7 %

DIOD opened at $74.04 on Tuesday. The stock’s fifty day simple moving average is $69.17 and its 200 day simple moving average is $70.39. Diodes has a 1-year low of $60.00 and a 1-year high of $97.37. The stock has a market cap of $3.42 billion, a PE ratio of 15.08 and a beta of 1.44. The company has a current ratio of 3.02, a quick ratio of 2.03 and a debt-to-equity ratio of 0.01.

Insider Buying and Selling

In other news, CEO Keh Shew Lu sold 1,500 shares of Diodes stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $68.06, for a total transaction of $102,090.00. Following the sale, the chief executive officer now directly owns 281,992 shares of the company’s stock, valued at $19,192,375.52. The sale was disclosed in a legal filing 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 business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $68.06, for a total value of $102,090.00. Following the sale, the chief executive officer now owns 281,992 shares of the company’s stock, valued at $19,192,375.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Brett R. Whitmire sold 3,400 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $67.30, for a total value of $228,820.00. Following the transaction, the chief financial officer now directly owns 48,265 shares of the company’s stock, valued at $3,248,234.50. The disclosure for this sale can be found here. Insiders have sold 25,900 shares of company stock worth $1,774,570 in the last 90 days. Insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on DIOD shares. Wells Fargo & Company decreased their target price on Diodes from $80.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 7th. TD Cowen lifted their target price on Diodes from $72.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Finally, Truist Financial reduced their target price on shares of Diodes from $78.00 to $67.00 and set a “hold” rating for the company in a research 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. Based on data from MarketBeat.com, Diodes has an average rating of “Hold” and an average target price of $72.40.

Diodes Company Profile

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.