Diodes (NASDAQ:DIOD) Announces Quarterly Earnings Results

Diodes (NASDAQ:DIOD) released its quarterly earnings data on Tuesday. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 Stock Performance

Shares of Diodes stock traded down $2.32 during trading hours on Tuesday, hitting $50.98. 1,123,163 shares of the company’s stock traded hands, compared to its average volume of 454,905. The company has a fifty day simple moving average of $61.38 and a 200-day simple moving average of $62.95. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.58 and a quick ratio of 2.21. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of 38.62 and a beta of 1.31. Diodes has a 12-month low of $50.64 and a 12-month high of $86.74.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DIOD. StockNews.com upgraded Diodes from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Benchmark cut their target price on Diodes from $83.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, November 11th. Finally, Truist Financial decreased their price objective on Diodes from $69.00 to $62.00 and set a “hold” rating for the company in a report on Friday, November 8th.

Insider Buying and Selling at Diodes

In related news, President Gary Yu sold 2,900 shares of the business’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 in the company, valued at approximately $4,466,219.88. The trade was a 3.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Emily Yang sold 950 shares of Diodes stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total transaction of $53,238.00. Following the completion of the transaction, the senior vice president now owns 65,107 shares of the company’s stock, valued at $3,648,596.28. The trade was a 1.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,680 shares of company stock worth $262,267 over the last three months. 2.30% of the stock is currently owned by 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.