UBS Maintains a 'Neutral' on Diodes (DIOD); Trim C12 EPS on Lower Gross Margins
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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) price target raised from $20 to $26.
UBS analyst says, "We are encouraged by Diodes’ position given stabilizing order trends and modest share gains in commodity discrete areas and do not view their pursuit of lower ASP and margin sales as having pricing implications for the long term. We view the lower capex spend near term as a positive as its fabs are modestly underutilized and gross margin improvement will occur as seasonal demand resumes."
"We model for Q1 sales of $146m while EPS is lowered to $0.10 from $0.15 on lower gross margin of 25.5% vs 27.5% previously. Our C12E sales increases slightly to $640m with EPS declining -14% to $0.97 from $1.13 on lower margins."
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 $25.72 yesterday.
UBS analyst says, "We are encouraged by Diodes’ position given stabilizing order trends and modest share gains in commodity discrete areas and do not view their pursuit of lower ASP and margin sales as having pricing implications for the long term. We view the lower capex spend near term as a positive as its fabs are modestly underutilized and gross margin improvement will occur as seasonal demand resumes."
"We model for Q1 sales of $146m while EPS is lowered to $0.10 from $0.15 on lower gross margin of 25.5% vs 27.5% previously. Our C12E sales increases slightly to $640m with EPS declining -14% to $0.97 from $1.13 on lower margins."
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 $25.72 yesterday.
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