Diodes (DIOD) to Release Quarterly Earnings on Thursday

Diodes (NASDAQ:DIOD - Get Free Report) 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.Investors that are interested in registering for the company's conference call can do so using this link.

Diodes (NASDAQ:DIOD - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The semiconductor company reported $0.33 earnings per share for the quarter, beating 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 firm had revenue of $319.80 million for the quarter, compared to analysts' expectations of $316.12 million. During the same period in the prior year, the firm earned $1.59 EPS. The company's revenue 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 Stock Performance

Shares of DIOD traded down $2.70 during trading hours on Thursday, hitting $58.48. The stock had a trading volume of 323,806 shares, compared to its average volume of 344,095. The firm has a market capitalization of $2.71 billion, a PE ratio of 28.25 and a beta of 1.32. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.38 and a quick ratio of 2.10. Diodes has a 12 month low of $58.45 and a 12 month high of $86.74. The stock has a fifty day moving average price of $63.46 and a 200 day moving average price of $69.48.

Analyst Upgrades and Downgrades

DIOD has been the subject of a number of recent research reports. Truist Financial cut their price target on Diodes from $74.00 to $69.00 and set a "hold" rating for the company in a research note on Friday, August 9th. StockNews.com lowered shares of 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 given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Diodes presently has an average rating of "Hold" and an average target price of $73.20.

Insider Activity

In related news, SVP Emily Yang sold 1,272 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $72.16, for a total value of $91,787.52. Following the completion of the sale, the senior vice president now directly owns 29,028 shares of the company's stock, valued at approximately $2,094,660.48. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Diodes news, SVP Emily Yang sold 1,272 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $72.16, for a total value of $91,787.52. Following the completion of the sale, the senior vice president now owns 29,028 shares in the company, valued at approximately $2,094,660.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Keh Shew Lu sold 20,010 shares of the firm's stock in a transaction dated Monday, August 19th. The shares were 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 approximately $16,576,587. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 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.

Diodes Company Profile

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.