Diodes Incorporated (DIOD) Given Average Rating of “Hold” by Brokerages
Shares of Diodes Incorporated (NASDAQ:DIOD) have been assigned a consensus rating of “Hold” from the six brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $30.00.
Several equities analysts have issued reports on DIOD shares. Zacks Investment Research upgraded Diodes from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Friday, August 11th. BidaskClub upgraded Diodes from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Cleveland Research cut Diodes from a “buy” rating to a “neutral” rating in a research report on Thursday, July 20th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $30.00 target price on shares of Diodes in a research report on Friday, June 9th.
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In other news, Director C H. Chen sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $28.25, for a total transaction of $847,500.00. Following the sale, the director now owns 509,979 shares of the company’s stock, valued at approximately $14,406,906.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Keh Shew Lu sold 8,505 shares of the business’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 sale, the chief executive officer now directly owns 1,032,021 shares in the company, valued at approximately $24,572,420.01. The disclosure for this sale can be found here. Insiders have sold a total of 310,508 shares of company stock worth $8,369,544 in the last three months. Corporate insiders own 7.00% of the company’s stock.
Several large investors have recently made changes to their positions in DIOD. State of Alaska Department of Revenue boosted its stake in shares of Diodes by 1.0% during the 1st quarter. State of Alaska Department of Revenue now owns 4,210 shares of the semiconductor company’s stock worth $101,000 after acquiring an additional 40 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Diodes by 10.1% during the 1st quarter. Public Employees Retirement System of Ohio now owns 8,745 shares of the semiconductor company’s stock worth $210,000 after acquiring an additional 800 shares in the last quarter. Mason Street Advisors LLC boosted its stake in shares of Diodes by 5.7% during the 1st quarter. Mason Street Advisors LLC now owns 8,923 shares of the semiconductor company’s stock worth $215,000 after acquiring an additional 481 shares in the last quarter. Airain ltd purchased a new stake in shares of Diodes during the 1st quarter worth approximately $247,000. Finally, Virtu KCG Holdings LLC boosted its stake in shares of Diodes by 8.0% during the 2nd quarter. Virtu KCG Holdings LLC now owns 10,997 shares of the semiconductor company’s stock worth $264,000 after acquiring an additional 815 shares in the last quarter. 73.94% of the stock is currently owned by institutional investors and hedge funds.
Shares of Diodes (DIOD) opened at 27.28 on Friday. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 51.67 and a beta of 1.22. The company’s 50-day moving average price is $26.84 and its 200 day moving average price is $25.21. Diodes has a 12-month low of $19.53 and a 12-month high of $28.87.
Diodes (NASDAQ:DIOD) last released its earnings results on Tuesday, August 8th. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. Diodes had a return on equity of 6.50% and a net margin of 5.23%. The company had revenue of $264.20 million for the quarter, compared to analysts’ expectations of $261.15 million. During the same quarter in the previous year, the firm posted $0.20 EPS. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. On average, equities research analysts forecast that Diodes will post $1.28 EPS for the current fiscal year.
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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