Diodes Incorporated (NASDAQ:DIOD) has been given an average rating of “Hold” by the six ratings firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $30.00.

Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded Diodes from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Friday. BidaskClub raised Diodes from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Cleveland Research downgraded Diodes from a “buy” rating to a “neutral” rating in a research report on Thursday, July 20th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $30.00 price target on shares of Diodes in a research report on Friday, June 9th.

Diodes (NASDAQ DIOD) opened at 26.49 on Monday. The firm’s 50-day moving average is $25.68 and its 200-day moving average is $24.94. The company has a market capitalization of $1.30 billion, a P/E ratio of 50.17 and a beta of 1.22. Diodes has a 1-year low of $18.67 and a 1-year high of $27.50.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. Diodes had a return on equity of 5.64% and a net margin of 2.68%. The business had revenue of $264.20 million during the quarter, compared to analyst estimates of $261.15 million. During the same period in the previous year, the firm earned $0.20 EPS. Diodes’s quarterly revenue was up 11.8% compared to the same quarter last year. Equities research analysts predict that Diodes will post $1.30 EPS for the current year.

In other Diodes news, VP Francis Tang sold 2,200 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $26.66, for a total transaction of $58,652.00. Following the completion of the transaction, the vice president now owns 69,943 shares of the company’s stock, valued at approximately $1,864,680.38. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Keh Shew Lu sold 8,505 shares of the company’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $23.81, for a total value of $202,504.05. Following the transaction, the chief executive officer now directly owns 1,032,021 shares of the company’s stock, valued at approximately $24,572,420.01. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 276,546 shares of company stock valued at $7,217,096. Insiders own 6.70% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in DIOD. Stevens Capital Management LP purchased a new position in Diodes during the first quarter worth $292,000. State of Tennessee Treasury Department increased its position in Diodes by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 36,546 shares of the semiconductor company’s stock worth $879,000 after buying an additional 5,515 shares during the period. TFS Capital LLC purchased a new position in Diodes during the first quarter worth $1,199,000. Ameriprise Financial Inc. increased its position in Diodes by 2.9% in the first quarter. Ameriprise Financial Inc. now owns 596,454 shares of the semiconductor company’s stock worth $14,344,000 after buying an additional 16,987 shares during the period. Finally, Comerica Bank increased its position in Diodes by 2.8% in the first quarter. Comerica Bank now owns 42,209 shares of the semiconductor company’s stock worth $1,019,000 after buying an additional 1,138 shares during the period. 75.25% of the stock is owned by hedge funds and other institutional investors.

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Diodes Company Profile

Diodes Incorporated is a manufacturer and supplier of application-specific standard products within the discrete, logic, analog and mixed-signal semiconductor markets, serving the consumer electronics, computing, communications, industrial and automotive markets. The Company’s products include diodes; rectifiers; transistors; metal-oxide semiconductor field-effect transistors (MOSFETs); protection devices; amplifiers and comparators; Hall-effect and temperature sensors, and power management devices, including light emitting diode (LED) drivers, alternating current (AC)-direct current (DC) and DC-DC switching, linear voltage regulators and voltage references, along with special function devices, such as universal serial bus (USB) power switches, load switches, voltage supervisors and motor controllers.

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