UBS Maintains a 'Neutral' on Diodes (DIOD); Softer Near Term Demand Expected
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Price: $103.48 +6.47%
Rating Summary:
9 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
9 Buy, 7 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Neutral' on Diodes (NASDAQ: DIOD), PT cut from $34 to $27.
UBS analyst says, "Based on lowered 2H sales, our C11E sales decline slightly to $705m while lower gross margin of 34.0% (down 40bps) leads to a -3% EPS decline to $1.70 vs Cons of $703m/$1.78. C12 sales are essentially unchanged at $769m but EPS declines -2% to $1.92 on gross margin of 34.2% (down 60bps) vs Cons of $768m/$2.02."
For more ratings news on Diodes click here and for the rating history of Diodes click here.
Shares of Diodes closed at $24.52 yesterday.
UBS analyst says, "Based on lowered 2H sales, our C11E sales decline slightly to $705m while lower gross margin of 34.0% (down 40bps) leads to a -3% EPS decline to $1.70 vs Cons of $703m/$1.78. C12 sales are essentially unchanged at $769m but EPS declines -2% to $1.92 on gross margin of 34.2% (down 60bps) vs Cons of $768m/$2.02."
For more ratings news on Diodes click here and for the rating history of Diodes click here.
Shares of Diodes closed at $24.52 yesterday.
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