Diodes Rating Lowered to Neutral at Zacks (DIOD)
Diodes (NASDAQ:DIOD) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued on Tuesday, Analyst Ratings Net reports. They currently have a $30.10 price objective on the stock. Zacks‘ price objective would suggest a potential upside of 29.57% from the stock’s previous close.
DIOD has been the subject of a number of other recent research reports. Analysts at TheStreet downgraded shares of Diodes from a “buy” rating to a “hold” rating in a research note to investors on Thursday, September 26th. Finally, analysts at Topeka Capital Markets raised their price target on shares of Diodes from $28.00 to $31.00 in a research note to investors on Thursday, August 8th. They now have a “buy” rating on the stock. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Diodes has a consensus rating of “Buy” and a consensus price target of $29.85.
Shares of Diodes (NASDAQ:DIOD) traded down 2.19% on Tuesday, hitting $23.23. 190,809 shares of the company’s stock traded hands. Diodes has a 1-year low of $12.95 and a 1-year high of $28.46. The stock has a 50-day moving average of $24.94 and a 200-day moving average of $23.98. The company has a market cap of $1.082 billion and a P/E ratio of 59.52.
Diodes (NASDAQ:DIOD) last released its earnings data on Wednesday, August 7th. The company reported $0.33 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.01) by $0.34. The company had revenue of $214.40 million for the quarter, compared to the consensus estimate of $156.88 million. During the same quarter last year, the company posted $0.14 earnings per share. Diodes’s revenue was up 34.7% compared to the same quarter last year. Analysts expect that Diodes will post $1.19 EPS for the current fiscal year.
In other Diodes news, Director John Stich sold 3,400 shares of the stock on the open market in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $23.76, for a total value of $80,784.00. Following the completion of the sale, the director now directly owns 46,188 shares in the company, valued at approximately $1,097,427. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Diodes Incorporated is a global 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.
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