Diodes (DIOD) Set to Announce Quarterly Earnings on Thursday

Diodes (NASDAQ:DIOD) is set to issue 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 wish to register for the company’s conference call can do so using this link.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Thursday, August 8th. The semiconductor company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. Diodes had a return on equity of 5.76% and a net margin of 7.12%. The company had revenue of $319.80 million during the quarter, compared to analyst estimates of $316.12 million. During the same period in the prior year, the business posted $1.59 earnings per share. The firm’s revenue for the quarter was down 31.5% compared to the same quarter last year. 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 %

DIOD opened at $60.19 on Tuesday. Diodes has a 52 week low of $58.44 and a 52 week high of $86.74. The business has a fifty day simple moving average of $63.24 and a 200-day simple moving average of $69.45. The firm has a market cap of $2.79 billion, a P/E ratio of 29.08 and a beta of 1.32. The company has a quick ratio of 2.10, a current ratio of 3.38 and a debt-to-equity ratio of 0.01.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Truist Financial lowered their price target on Diodes from $74.00 to $69.00 and set a “hold” rating for the company in a research report on Friday, August 9th. StockNews.com lowered Diodes from a “hold” rating to a “sell” rating in a research report on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $73.20.

Insider Buying and Selling at Diodes

In other Diodes news, CEO Keh Shew Lu sold 20,010 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $67.25, for a total value of $1,345,672.50. Following the sale, the chief executive officer now directly owns 246,492 shares in the company, valued at $16,576,587. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Keh Shew Lu sold 20,010 shares of the firm’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 owns 246,492 shares of the company’s stock, valued at $16,576,587. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Emily Yang sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $70.48, for a total value of $70,480.00. Following the transaction, the senior vice president now directly owns 59,820 shares in the company, valued at approximately $4,216,113.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 24,182 shares of company stock worth $1,640,921 over 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.