Diodes (NASDAQ:DIOD) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a report released on Wednesday.

Several other equities research analysts have also weighed in on the company. ValuEngine lowered Diodes from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Benchmark lowered Diodes from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Zacks Investment Research raised Diodes from a “hold” rating to a “strong-buy” rating and set a $38.00 price objective for the company in a report on Tuesday, October 17th. Robert W. Baird reissued a “buy” rating and issued a $37.00 price objective on shares of Diodes in a report on Tuesday, October 17th. Finally, Sidoti began coverage on Diodes in a report on Thursday, September 21st. They issued a “neutral” rating and a $32.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Diodes currently has a consensus rating of “Hold” and a consensus price target of $35.67.

Shares of Diodes (NASDAQ DIOD) traded down $0.27 during trading on Wednesday, hitting $28.21. The stock had a trading volume of 286,368 shares, compared to its average volume of 324,176. Diodes has a 1 year low of $22.06 and a 1 year high of $35.36. The stock has a market cap of $1,393.29, a price-to-earnings ratio of 25.65 and a beta of 1.15. The company has a current ratio of 3.12, a quick ratio of 2.18 and a debt-to-equity ratio of 0.34.

Diodes (NASDAQ:DIOD) last announced its earnings results on Tuesday, November 7th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. Diodes had a return on equity of 6.44% and a net margin of 2.96%. The firm had revenue of $285.20 million during the quarter, compared to analyst estimates of $281.66 million. During the same period last year, the firm posted $0.30 EPS. The business’s revenue was up 13.8% compared to the same quarter last year. equities analysts forecast that Diodes will post 1.35 EPS for the current fiscal year.

In other Diodes news, CEO Keh Shew Lu sold 69,084 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $30.30, for a total value of $2,093,245.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Semiconductor Corp Lite-On sold 1,379 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $32.00, for a total value of $44,128.00. The disclosure for this sale can be found here. In the last three months, insiders sold 477,486 shares of company stock valued at $14,707,920. 7.00% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of DIOD. Russell Investments Group Ltd. boosted its stake in Diodes by 552.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 398,514 shares of the semiconductor company’s stock worth $11,927,000 after purchasing an additional 337,471 shares during the period. Numeric Investors LLC boosted its stake in Diodes by 3,432.0% in the 2nd quarter. Numeric Investors LLC now owns 342,600 shares of the semiconductor company’s stock worth $8,233,000 after purchasing an additional 332,900 shares during the period. Dimensional Fund Advisors LP boosted its stake in Diodes by 8.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,247,902 shares of the semiconductor company’s stock worth $78,048,000 after purchasing an additional 261,522 shares during the period. Marshall Wace North America L.P. bought a new position in Diodes in the 2nd quarter worth about $4,078,000. Finally, Martingale Asset Management L P bought a new position in Diodes in the 2nd quarter worth about $3,985,000. Institutional investors and hedge funds own 74.74% of the company’s stock.

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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.

Analyst Recommendations for Diodes (NASDAQ:DIOD)

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