According to Morgan Keegan, Diodes DIOD reported June qtr. results of $0.43/$169.8 million versus consensus $0.42/$174.3 million.
Morgan Keegan said that EPS upside was driven by lower than anticipated operating expense which came in $600k below expectations and drove $0.02 to the bottom line. “We reiterate our Outperform rating on shares of DIOD due to its exposure to Apple products and our belief that DIOD is positioned to benefit from a recovery in Computing and Consumer. Lowering PT to $28.”
Diodes closed yesterday at $19.78.
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Posted In: Analyst ColorPrice TargetAnalyst RatingsInformation TechnologyMorgan KeeganSemiconductors
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