Diodes Upgraded to “Outperform” by Zacks (DIOD)
Diodes (NASDAQ:DIOD) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Tuesday. The firm currently has a $31.10 target price on the stock. Zacks‘s target price points to a potential upside of 6.65% from the company’s current price.
In other Diodes news, CEO Keh Shew Lu sold 6,001 shares of the stock on the open market in a transaction dated Wednesday, July 2nd. The stock was sold at an average price of $28.83, for a total transaction of $173,008.83. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Diodes (NASDAQ:DIOD) traded up 0.27% on Tuesday, hitting $29.24. The stock had a trading volume of 216,119 shares. Diodes has a 52 week low of $19.26 and a 52 week high of $30.79. The stock has a 50-day moving average of $28.58 and a 200-day moving average of $25.83. The company has a market cap of $1.368 billion and a price-to-earnings ratio of 36.36.
Diodes (NASDAQ:DIOD) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 18.6% on a year-over-year basis. Analysts expect that Diodes will post $1.51 EPS for the current fiscal year.
A number of other firms have also recently commented on DIOD. Analysts at Raymond James reiterated an “outperform” rating on shares of Diodes in a research note on Tuesday, June 10th. They now have a $33.00 price target on the stock, up previously from $30.00. Separately, analysts at Topeka Capital Markets raised their price target on shares of Diodes from $32.00 to $34.00 in a research note on Tuesday, June 10th. They now have a “buy” rating on the stock. Finally, analysts at Robert W. Baird raised their price target on shares of Diodes from $30.00 to $33.00 in a research note on Tuesday, June 10th. Five research analysts have rated the stock with a buy rating, Diodes presently has an average rating of “Buy” and an average target price of $31.85.
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.
To view Zacks’ full report, visit Zacks’ official website.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.