Baird Reiterates Outperform on Diodes (DIOD) Following 3Q Report
Get Alerts DIOD Hot Sheet
Rating Summary:
7 Buy, 9 Hold, 0 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 14 | Down: 17 | New: 4
Join SI Premium – FREE
Baird reiterated an Outperform rating and $25.00 price target on Diodes (NASDAQ: DIOD) following the company's 3Q earnings report. Diodes reported EPS of $0.30, above the consensus of $0.28. Revenue of $250.7 million was in line with the $242-$258 million guidance midpoint. The midpoint of 4Q16 revenue guidance of $232-$248 million is below consensus of $248.3 million.
Analyst Tristan Gerra commented, "Reiterating Outperform rating on continued gross margin levers and Pericom accretion. 8-inch capacity ramp next year along with higher utilization rates, notably at BCD Fab 2, should contribute to gross margin expansion next year. Diodes is also making significant progress ramping its mix of higher-margin automotive business."
For an analyst ratings summary and ratings history on Diodes click here. For more ratings news on Diodes click here.
Shares of Diodes closed at $22.20 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Alphabet stock surges 11% to record high on Q1 earnings beat, first-ever dividend
- Morgan Stanley Downgrades Mobileye N.V (MBLY) to Underweight
- Apollo Global Management (APO) to Buy US Silica (SLCA) for $15.50/sh Cash
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS ViewRelated Entities
Robert W Baird, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!