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Diodes (NASDAQ:DIOD) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued to investors on Monday. They currently have a $32.60 price objective on the stock. Zacks‘s target price would indicate a potential upside of 26.50% from the stock’s previous close.

Diodes (NASDAQ:DIOD) traded up 1.82% during mid-day trading on Monday, hitting $26.24. The stock had a trading volume of 142,765 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 $28.08 and a 200-day moving average of $26.45. The company has a market cap of $1.235 billion and a P/E ratio of 26.06.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings data 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. Analysts expect that Diodes will post $1.48 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on DIOD. Analysts at Raymond James reiterated an “outperform” rating on shares of Diodes in a research note on Friday. They now have a $32.00 price target on the stock, down previously from $33.00. Finally, 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. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Diodes has a consensus rating of “Buy” and an average price target of $31.93.

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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