Diodes Incorporated (NASDAQ:DIOD) Set to Announce Quarterly Earnings on Tuesday
Diodes Incorporated (NASDAQ:DIOD) is set to announce its earnings results after the market closes on Tuesday, August 8th. Analysts expect the company to announce earnings of $0.36 per share for the quarter.
Diodes (NASDAQ:DIOD) last issued its earnings results on Tuesday, May 9th. The semiconductor company reported $0.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.09. Diodes had a return on equity of 4.72% and a net margin of 1.98%. The company had revenue of $236.30 million during the quarter, compared to the consensus estimate of $231.03 million. During the same quarter in the prior year, the business earned $0.12 earnings per share. The company’s revenue was up 6.1% compared to the same quarter last year. On average, analysts expect Diodes to post $1.25 EPS for the current fiscal year and $1.5 EPS for the next fiscal year.
Shares of Diodes Incorporated (NASDAQ DIOD) opened at 26.18 on Monday. The stock has a market cap of $1.27 billion, a P/E ratio of 69.63 and a beta of 1.22. Diodes Incorporated has a 12 month low of $18.08 and a 12 month high of $27.50. The stock has a 50 day moving average price of $25.46 and a 200 day moving average price of $24.86.
DIOD has been the topic of several recent research reports. Zacks Investment Research upgraded Diodes from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Friday, May 12th. BidaskClub lowered Diodes from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Cleveland Research lowered Diodes from a “buy” rating to a “neutral” rating in a report on Thursday, July 20th. Finally, Robert W. Baird restated an “outperform” rating and set a $30.00 target price on shares of Diodes in a report on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Diodes currently has a consensus rating of “Hold” and an average price target of $29.50.
In other Diodes news, VP Francis Tang sold 2,200 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $26.66, for a total transaction of $58,652.00. Following the transaction, the vice president now directly owns 69,943 shares in the company, valued at $1,864,680.38. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Keh Shew Lu sold 29,126 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $26.38, for a total value of $768,343.88. Following the transaction, the chief executive officer now owns 1,095,920 shares in the company, valued at $28,910,369.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 306,069 shares of company stock worth $7,989,798. Corporate insiders own 6.70% of the company’s stock.
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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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