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.

COPYRIGHT VIOLATION WARNING: This article was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another publication, it was copied illegally and republished in violation of United States and international copyright legislation. The original version of this article can be read at https://www.americanbankingnews.com/2017/09/08/diodes-incorporated-diod-given-average-rating-of-hold-by-brokerages-2.html.

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.

About Diodes

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.

Receive News & Ratings for Diodes Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diodes Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.