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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.

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