Diodes (NASDAQ:DIOD) Releases Earnings Results, Misses Expectations By $0.27 EPS

Diodes (NASDAQ:DIOD) issued its quarterly earnings data on Tuesday. The semiconductor company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.27), Zacks reports. Diodes had a return on equity of 3.90% and a net margin of 4.72%.

Diodes Trading Down 4.4 %

Shares of NASDAQ:DIOD traded down $2.32 on Tuesday, reaching $50.98. 1,123,163 shares of the company traded hands, compared to its average volume of 454,905. The stock has a market capitalization of $2.36 billion, a P/E ratio of 38.62 and a beta of 1.31. The business’s 50-day simple moving average is $61.38 and its 200 day simple moving average is $62.95. The company has a current ratio of 3.58, a quick ratio of 2.21 and a debt-to-equity ratio of 0.01. Diodes has a 52 week low of $50.64 and a 52 week high of $86.74.

Insider Activity

In related news, President Gary Yu sold 2,900 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total value of $162,516.00. Following the sale, the president now directly owns 79,697 shares of the company’s stock, valued at $4,466,219.88. This trade represents a 3.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Brett R. Whitmire sold 830 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total value of $46,513.20. Following the transaction, the chief financial officer now directly owns 51,525 shares of the company’s stock, valued at $2,887,461. The trade was a 1.59 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,680 shares of company stock valued at $262,267. Insiders own 2.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on DIOD shares. StockNews.com raised shares of Diodes from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Truist Financial lowered their price target on Diodes from $69.00 to $62.00 and set a “hold” rating on the stock in a research report on Friday, November 8th. Finally, Benchmark cut their price objective on Diodes from $83.00 to $75.00 and set a “buy” rating for the company in a report on Monday, November 11th.

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.