Diodes (DIOD) Set to Announce Earnings on Thursday

Diodes (NASDAQ:DIOD) is set to announce its earnings results after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $0.27 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.04. Diodes had a return on equity of 12.79% and a net margin of 13.67%. The business had revenue of $322.70 million during the quarter, compared to the consensus estimate of $324.76 million. During the same period in the prior year, the company posted $1.73 EPS. The firm’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 Price Performance

Shares of NASDAQ:DIOD opened at $76.51 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.03 and a current ratio of 3.02. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of 15.58 and a beta of 1.44. The firm has a fifty day moving average price of $69.44 and a 200 day moving average price of $70.39. Diodes has a fifty-two week low of $60.00 and a fifty-two week high of $97.37.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on DIOD shares. Wells Fargo & Company reduced their target price on Diodes from $80.00 to $70.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 7th. TD Cowen upped their price objective 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 cut their target price on shares of Diodes from $78.00 to $67.00 and set a “hold” rating for the company in a report on Wednesday, February 7th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $72.40.

Insider Buying and Selling at Diodes

In related news, CFO Brett R. Whitmire sold 3,400 shares of Diodes stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $67.30, for a total transaction of $228,820.00. Following the completion of the transaction, the chief financial officer now directly owns 48,265 shares of the company’s stock, valued at approximately $3,248,234.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Keh Shew Lu sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $68.98, for a total value of $413,880.00. Following the completion of the sale, the chief executive officer now owns 274,492 shares in the company, valued at $18,934,458.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brett R. Whitmire sold 3,400 shares of Diodes stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $67.30, for a total value of $228,820.00. Following the completion of the sale, the chief financial officer now 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 over the last quarter. Insiders own 2.30% of the company’s stock.

About Diodes

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.