Wall Street analysts forecast that Diodes Incorporated (NASDAQ:DIOD) will announce $0.06 earnings per share for the current quarter, Zacks reports. Two analysts have issued estimates for Diodes’ earnings. The highest EPS estimate is $0.08 and the lowest is $0.02. Diodes reported earnings of $0.12 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 50%. The firm is expected to announce its next quarterly earnings report after the market closes on Tuesday, May 9th.

On average, analysts expect that Diodes will report full year earnings of $0.99 per share for the current fiscal year, with EPS estimates ranging from $0.76 to $1.20. For the next fiscal year, analysts anticipate that the company will report earnings of $1.38 per share, with EPS estimates ranging from $1.25 to $1.64. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Diodes.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings data on Tuesday, February 14th. The semiconductor company reported $0.15 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.15. Diodes had a net margin of 1.66% and a return on equity of 4.44%. The company earned $232.10 million during the quarter, compared to analyst estimates of $230.35 million. During the same quarter last year, the business posted $0.14 EPS. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis.

DIOD has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Diodes from a “strong sell” rating to a “hold” rating in a report on Thursday, February 16th. Robert W. Baird raised their price objective on shares of Diodes from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Wednesday, February 15th. Finally, Summit Redstone reissued a “sell” rating on shares of Diodes in a report on Saturday, January 21st.

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Shares of Diodes (NASDAQ:DIOD) traded down 1.42% during midday trading on Friday, reaching $23.59. 161,362 shares of the company were exchanged. The firm has a 50-day moving average of $23.83 and a 200 day moving average of $23.80. Diodes has a 52 week low of $16.75 and a 52 week high of $27.17. The firm has a market capitalization of $1.14 billion, a P/E ratio of 73.72 and a beta of 1.16.

A number of hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its stake in Diodes by 1.0% in the first quarter. State of Alaska Department of Revenue now owns 4,210 shares of the semiconductor company’s stock worth $101,000 after buying an additional 40 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Diodes by 3.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,452 shares of the semiconductor company’s stock worth $166,000 after buying an additional 198 shares during the last quarter. RBF Capital LLC acquired a new position in shares of Diodes during the third quarter worth approximately $222,000. Capstone Asset Management Co. boosted its position in shares of Diodes by 0.4% in the third quarter. Capstone Asset Management Co. now owns 11,146 shares of the semiconductor company’s stock worth $238,000 after buying an additional 40 shares during the last quarter. Finally, Symmetry Peak Management LLC acquired a new position in shares of Diodes during the third quarter worth approximately $267,000. 75.07% of the stock is currently owned by institutional investors.

Diodes Company Profile

Diodes Incorporated is a manufacturer and supplier of application-specific standard products within the discrete, logic, analog and mixed-signal semiconductor markets, serving the consumer electronics, computing, communications, industrial and automotive markets. The Company’s products include diodes; rectifiers; transistors; metal-oxide semiconductor field-effect transistors (MOSFETs); protection devices; amplifiers and comparators; Hall-effect and temperature sensors, and power management devices, including light emitting diode (LED) drivers, alternating current (AC)-direct current (DC) and DC-DC switching, linear voltage regulators and voltage references, along with special function devices, such as universal serial bus (USB) power switches, load switches, voltage supervisors and motor controllers.

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