Diodes (DIOD) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

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.

In other news, SVP Mark A. King sold 10,000 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of $31.79, for a total transaction of $317,900.00. Following the completion of the transaction, the senior vice president now owns 69,888 shares in the company, valued at approximately $2,221,739.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Semiconductor Corp Lite-On sold 7,247 shares of the firm’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $30.36, for a total value of $220,018.92. Following the completion of the transaction, the insider now owns 7,772,425 shares of the company’s stock, valued at approximately $235,970,823. The disclosure for this sale can be found here. Insiders have sold a total of 136,078 shares of company stock valued at $4,254,815 in the last quarter. 7.00% of the stock is owned by corporate insiders.

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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.

Earnings History for Diodes (NASDAQ:DIOD)

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