Zacks: Brokerages Anticipate Diodes Incorporated (NASDAQ:DIOD) Will Announce Quarterly Sales of $400.25 Million

Brokerages expect Diodes Incorporated (NASDAQ:DIOD) to report sales of $400.25 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Diodes’ earnings. The highest sales estimate is $400.50 million and the lowest is $400.00 million. Diodes posted sales of $280.72 million during the same quarter last year, which suggests a positive year over year growth rate of 42.6%. The company is scheduled to report its next quarterly earnings results on Monday, May 10th.

On average, analysts expect that Diodes will report full-year sales of $1.67 billion for the current fiscal year, with estimates ranging from $1.65 billion to $1.68 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $1.66 billion, with estimates ranging from $1.54 billion to $1.77 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Diodes.

Diodes (NASDAQ:DIOD) last announced its earnings results on Monday, February 15th. The semiconductor company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.04. Diodes had a net margin of 9.79% and a return on equity of 9.95%. The business had revenue of $350.37 million during the quarter, compared to the consensus estimate of $340.80 million.

Several equities analysts have recently commented on DIOD shares. Cowen increased their price target on shares of Diodes from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 17th. Wells Fargo & Company lifted their target price on Diodes from $80.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 30th. Truist upped their price target on Diodes from $86.00 to $101.00 in a research report on Wednesday, February 17th. Zacks Investment Research raised shares of Diodes from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a report on Thursday, February 18th. Finally, Loop Capital raised their target price on shares of Diodes from $77.00 to $94.00 and gave the stock a “buy” rating in a report on Thursday, February 18th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $81.00.

In other Diodes news, CEO Keh Shew Lu sold 10,000 shares of the stock in a transaction on Thursday, January 14th. The stock was sold at an average price of $80.06, for a total transaction of $800,600.00. Following the completion of the transaction, the chief executive officer now directly owns 420,417 shares of the company’s stock, valued at approximately $33,658,585.02. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Evan Yu sold 6,174 shares of Diodes stock in a transaction on Friday, March 19th. The shares were sold at an average price of $88.20, for a total value of $544,546.80. Following the transaction, the senior vice president now owns 29,903 shares in the company, valued at $2,637,444.60. The disclosure for this sale can be found here. Insiders have sold 244,396 shares of company stock worth $20,392,611 over the last three months. Corporate insiders own 4.60% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Jackson Grant Investment Advisers Inc. acquired a new stake in Diodes during the fourth quarter valued at approximately $26,000. Panagora Asset Management Inc. acquired a new stake in shares of Diodes during the fourth quarter worth $44,000. Vantage Consulting Group Inc acquired a new position in shares of Diodes in the 4th quarter valued at $69,000. Veriti Management LLC acquired a new stake in Diodes during the 4th quarter worth about $91,000. Finally, O Shaughnessy Asset Management LLC lifted its stake in Diodes by 261.1% during the third quarter. O Shaughnessy Asset Management LLC now owns 2,026 shares of the semiconductor company’s stock valued at $114,000 after buying an additional 1,465 shares in the last quarter. 77.95% of the stock is currently owned by institutional investors.

Shares of Diodes stock traded up $2.06 on Friday, hitting $81.25. 26,700 shares of the company’s stock traded hands, compared to its average volume of 352,402. The stock has a market cap of $3.60 billion, a P/E ratio of 36.51 and a beta of 1.16. The firm’s 50-day moving average is $81.46 and its 200 day moving average is $70.87. The company has a quick ratio of 2.97, a current ratio of 3.78 and a debt-to-equity ratio of 0.26. Diodes has a 52-week low of $40.34 and a 52-week high of $91.02.

Diodes Company Profile

Diodes Incorporated, together with its subsidiaries, designs, manufactures, and supplies application-specific standard products in the discrete, logic, and analog and mixed-signal semiconductor markets in Asia, North America, and Europe. It primarily focuses on low pin count semiconductor devices with one or more active or passive components.

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Earnings History and Estimates for Diodes (NASDAQ:DIOD)

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