Diodes (NASDAQ:DIOD) Releases Earnings Results, Beats Expectations By $0.08 EPS

Diodes (NASDAQ:DIOD) issued its quarterly earnings data on Tuesday. The semiconductor company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.26 by $0.08, Zacks reports. Diodes had a return on equity of 2.81% and a net margin of 4.49%.

Diodes Trading Up 1.0%

Shares of Diodes stock traded up $0.59 on Tuesday, hitting $61.70. The stock had a trading volume of 298,033 shares, compared to its average volume of 306,054. The company has a quick ratio of 2.09, a current ratio of 3.32 and a debt-to-equity ratio of 0.01. Diodes has a one year low of $32.93 and a one year high of $62.67. The stock’s 50-day simple moving average is $54.13 and its two-hundred day simple moving average is $52.60. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 44.71 and a beta of 1.66.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Truist Financial raised their price objective on shares of Diodes from $51.00 to $54.00 and gave the company a “hold” rating in a research report on Friday, December 19th. Wall Street Zen lowered Diodes from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Zacks Research upgraded Diodes from a “strong sell” rating to a “hold” rating in a report on Monday, January 5th. Finally, Weiss Ratings raised Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Diodes presently has a consensus rating of “Hold” and a consensus target price of $55.33.

Insiders Place Their Bets

In other news, CFO Brett R. Whitmire sold 830 shares of the stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $60.85, for a total transaction of $50,505.50. Following the completion of the sale, the chief financial officer directly owned 67,141 shares in the company, valued at approximately $4,085,529.85. This represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Emily Yang sold 950 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $60.85, for a total value of $57,807.50. Following the transaction, the senior vice president owned 74,032 shares in the company, valued at approximately $4,504,847.20. This represents a 1.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 11,205 shares of company stock worth $600,373. 2.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. PharVision Advisers LLC purchased a new stake in shares of Diodes during the third quarter valued at approximately $242,000. Mercer Global Advisors Inc. ADV lifted its position in Diodes by 24.3% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 6,006 shares of the semiconductor company’s stock valued at $320,000 after acquiring an additional 1,176 shares in the last quarter. Occudo Quantitative Strategies LP bought a new position in Diodes in the 3rd quarter valued at approximately $258,000. Mackenzie Financial Corp purchased a new stake in Diodes during the 3rd quarter valued at $312,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Diodes by 431.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,508 shares of the semiconductor company’s stock worth $291,000 after purchasing an additional 4,472 shares in the last quarter. 99.23% of the stock is currently owned by institutional investors.

Diodes Company Profile

Diodes Incorporated (NASDAQ: DIOD) is a global manufacturer and supplier of high‐performance discrete, logic, analog and mixed‐signal semiconductor products. Headquartered in Plano, Texas, the company designs and develops a broad range of discrete components, standard logic functions, power management circuits, interface products and array products. Its portfolio includes rectifiers, MOSFETs, general‐purpose diodes, voltage regulators, comparators, buffers and other building blocks for electronic systems.

Diodes Incorporated serves a variety of end markets such as automotive, computing, communications, consumer electronics, industrial and lighting.