Diodes’s “Outperform” Rating Reaffirmed at Raymond James (DIOD)
Diodes (NASDAQ:DIOD)‘s stock had its “outperform” rating restated by stock analysts at Raymond James in a report issued on Friday. They currently have a $32.00 price objective on the stock, down from their previous price objective of $33.00. Raymond James’ price objective indicates a potential upside of 24.18% from the company’s current price.
Shares of Diodes (NASDAQ:DIOD) opened at 25.77 on Friday. Diodes has a 1-year low of $19.26 and a 1-year high of $30.79. The stock has a 50-day moving average of $28.08 and a 200-day moving average of $26.45. The company has a market cap of $1.213 billion and a P/E ratio of 26.47.
Diodes (NASDAQ:DIOD) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.03. The company had revenue of $223.20 million for the quarter, compared to the consensus estimate of $222.93 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, analysts predict that Diodes will post $1.48 earnings per share for the current fiscal year.
A number of other firms have also recently commented on DIOD. 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. Separately, 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. Finally, analysts at TheStreet upgraded shares of Diodes from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Four research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of $31.80.
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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