Diodes (DIOD) Set to Announce Quarterly Earnings on Thursday

Diodes (NASDAQ:DIOD) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.39 per share for the quarter. Diodes has set its Q3 2024 guidance at EPS.Parties 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 Thursday, August 8th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The company had revenue of $319.80 million during the quarter, compared to analysts’ expectations of $316.12 million. Diodes had a return on equity of 5.76% and a net margin of 7.12%. Diodes’s revenue was down 31.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.59 EPS. On average, analysts expect Diodes to post $2 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Diodes Trading Up 0.0 %

Shares of NASDAQ DIOD opened at $60.19 on Tuesday. The company has a quick ratio of 2.10, a current ratio of 3.38 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $63.24 and a two-hundred day simple moving average of $69.45. The firm has a market cap of $2.79 billion, a PE ratio of 29.08 and a beta of 1.32. Diodes has a twelve month low of $58.44 and a twelve month high of $86.74.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DIOD. StockNews.com lowered Diodes from a “hold” rating to a “sell” rating in a research report on Wednesday, August 21st. Truist Financial decreased their target price on Diodes from $74.00 to $69.00 and set a “hold” rating for the company in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $73.20.

Insider Activity at Diodes

In related news, CEO Keh Shew Lu sold 20,010 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $67.25, for a total transaction of $1,345,672.50. Following the transaction, the chief executive officer now directly owns 246,492 shares of the company’s stock, valued at $16,576,587. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Keh Shew Lu sold 20,010 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $67.25, for a total transaction of $1,345,672.50. Following the transaction, the chief executive officer now directly owns 246,492 shares of the company’s stock, valued at $16,576,587. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Emily Yang sold 1,272 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $72.16, for a total value of $91,787.52. Following the sale, the senior vice president now owns 29,028 shares in the company, valued at approximately $2,094,660.48. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,182 shares of company stock valued at $1,640,921 in the last ninety days. Corporate 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.