Diodes Incorporated (DIOD) Releases Earnings Results, Beats Expectations By $0.01 EPS

Diodes Incorporated (DIOD) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.12 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.11. The company posted revenue of $222.70 million in the period, compared to analysts expectations of $224.40 million. The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.

Many Wall Street Analysts have commented on Diodes Incorporated. Shares were Reiterated by Topeka Capital Markets on Feb 17, 2016 to “Buy” and Lowered the Price Target to $ 22 from a previous price target of $25 .

Diodes Incorporated closed down -0.25 points or -1.37% at $17.96 with 1,53,534 shares getting traded on Wednesday. Post opening the session at $18.13, the shares hit an intraday low of $17.93 and an intraday high of $18.24 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Mar 22, 2016, Alex Chi Ming Hui (VP, Analog Bus. Group/Pericom) sold 10,000 shares at $20.01 per share price. According to the SEC, on Jan 7, 2016, Clemente Beltran (Vice President) sold 330 shares at $22.33 per share price. On Dec 21, 2015, Francis Tang (VP,Worldwide Discrete Products) sold 11,789 shares at $24.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Diodes Incorporated is a manufacturer and supplier of application-specific standard products within the discrete logic and analog 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 transistor (MOSFETs) protection devices functional specific arrays single gate dual gate and standard logic amplifiers and comparators hall-effect and temperature sensors power management devices including light-emitting diode (LED) drivers alternating current-direct current (AC-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. Its products are sold across Asia North America and Europe.

Diodes Incorporated

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