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Diodes (NASDAQ:DIOD) hit a new 52-week high on Friday , AR Network reports. The company traded as high as $29.44 and last traded at $29.40, with a volume of 344,601 shares. The stock had previously closed at $28.26.

DIOD has been the subject of a number of recent research reports. Analysts at TheStreet upgraded shares of Diodes from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of Diodes in a research note on Friday, May 9th. They now have a $30.00 price target on the stock, up previously from $25.00. Finally, analysts at Benchmark Co. raised their price target on shares of Diodes from $28.00 to $30.00 in a research note on Friday, May 9th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $29.61.

The stock has a 50-day moving average of $27. and a 200-day moving average of $24.4. The company has a market cap of $1.378 billion and a price-to-earnings ratio of 35.24.

Diodes (NASDAQ:DIOD) last announced its earnings results on Thursday, May 8th. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.23 by $0.03. The company had revenue of $209.99 million for the quarter, compared to the consensus estimate of $208.73 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was up 18.6% on a year-over-year basis. On average, analysts predict that Diodes will post $1.47 earnings per share for the current fiscal year.

In other Diodes news, Director Raymond Soong sold 110,000 shares of Diodes stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $27.50, for a total transaction of $3,025,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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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