Diodes (NASDAQ:DIOD) announced its earnings results on Wednesday. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.02, Briefing.com reports. Diodes had a return on equity of 6.44% and a net margin of 2.96%. The firm had revenue of $268.43 million during the quarter, compared to analyst estimates of $270.62 million. During the same period last year, the firm posted $0.15 EPS. The business’s revenue was up 15.7% compared to the same quarter last year.
Diodes (NASDAQ:DIOD) traded up $2.39 during mid-day trading on Thursday, hitting $28.78. The stock had a trading volume of 427,247 shares, compared to its average volume of 287,327. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.12 and a quick ratio of 2.18. The company has a market cap of $1,300.00, a P/E 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.
DIOD has been the subject of several research analyst reports. Robert W. Baird reaffirmed a “buy” rating and set a $37.00 target price on shares of Diodes in a research report on Tuesday, October 17th. Zacks Investment Research raised Diodes from a “hold” rating to a “strong-buy” rating and set a $38.00 target price for the company in a research report on Tuesday, October 17th. Benchmark lowered Diodes from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. ValuEngine lowered Diodes from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, BidaskClub lowered Diodes from a “hold” rating to a “sell” rating in a research report on Wednesday, December 6th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently 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.
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