Diodes (DIOD) Scheduled to Post Earnings on Thursday

Diodes (NASDAQ:DIOD) will 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. Diodes has set its Q1 2024 guidance at EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. Diodes had a net margin of 13.67% and a return on equity of 12.79%. The firm had revenue of $322.70 million for the quarter, compared to analyst estimates of $324.76 million. During the same period last year, the firm posted $1.73 EPS. Diodes’s quarterly revenue was down 35.0% on a year-over-year basis. On average, analysts expect Diodes to post $3 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Diodes Stock Performance

NASDAQ:DIOD opened at $70.99 on Thursday. The firm’s fifty day moving average price is $68.94 and its 200 day moving average price is $70.51. Diodes has a 1-year low of $60.00 and a 1-year high of $97.37. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.02 and a quick ratio of 2.03. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of 14.46 and a beta of 1.46.

Analyst Ratings Changes

A number of equities analysts recently weighed in on DIOD shares. Wells Fargo & Company lowered their price objective on shares of Diodes from $80.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 7th. TD Cowen raised their target price on Diodes from $72.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Finally, Truist Financial reduced their target price on Diodes from $78.00 to $67.00 and set a “hold” rating for the company in a report on Wednesday, February 7th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $72.40.

Insider Buying and Selling at Diodes

In other news, CEO Keh Shew Lu sold 3,000 shares of Diodes stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $68.14, for a total transaction of $204,420.00. Following the completion of the transaction, the chief executive officer now owns 256,492 shares of the company’s stock, valued at approximately $17,477,364.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Keh Shew Lu sold 3,000 shares of Diodes stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $68.14, for a total transaction of $204,420.00. Following the completion of the transaction, the chief executive officer now owns 256,492 shares of the company’s stock, valued at approximately $17,477,364.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Brett R. Whitmire sold 3,400 shares of Diodes stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $67.30, for a total value of $228,820.00. Following 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 25,900 shares of company stock valued at $1,774,570. 2.20% of the stock is owned by company insiders.

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.