Diodes (DIOD) Stock Rating Upgraded by Sidoti
Diodes (NASDAQ:DIOD) was upgraded by investment analysts at Sidoti from a “neutral” rating to a “buy” rating in a research note issued on Thursday, MarketBeat reports. The analysts noted that the move was a valuation call.
DIOD has been the topic of several other research reports. BidaskClub cut shares of Diodes from a “hold” rating to a “sell” rating in a research report on Wednesday, December 6th. ValuEngine cut shares of Diodes from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Benchmark cut shares of Diodes from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Robert W. Baird reissued a “buy” rating and set a $37.00 target price on shares of Diodes in a research report on Tuesday, October 17th. Finally, Zacks Investment Research cut shares of Diodes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $35.67.
Diodes (NASDAQ DIOD) traded down $0.32 during mid-day trading on Thursday, reaching $27.25. The company’s stock had a trading volume of 467,700 shares, compared to its average volume of 249,204. Diodes has a fifty-two week low of $22.06 and a fifty-two week high of $35.36. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.12 and a quick ratio of 2.18. The firm has a market cap of $1,380.00, a P/E ratio of 25.06 and a beta of 1.15.
In related news, VP Clemente Beltran sold 4,993 shares of Diodes stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $35.00, for a total value of $174,755.00. Following the sale, the vice president now owns 31,256 shares of the company’s stock, valued at approximately $1,093,960. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director C H. Chen sold 30,000 shares of Diodes stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $29.25, for a total transaction of $877,500.00. Following the completion of the sale, the director now directly owns 479,979 shares in the company, valued at approximately $14,039,385.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 477,486 shares of company stock worth $14,707,920. Insiders own 7.00% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio raised its holdings in shares of Diodes by 230.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 28,850 shares of the semiconductor company’s stock worth $863,000 after purchasing an additional 20,117 shares during the period. Algert Global LLC raised its holdings in Diodes by 21.0% during the 3rd quarter. Algert Global LLC now owns 106,479 shares of the semiconductor company’s stock valued at $3,187,000 after acquiring an additional 18,511 shares during the period. Piedmont Investment Advisors LLC bought a new stake in Diodes during the 3rd quarter valued at $250,000. California Public Employees Retirement System raised its holdings in Diodes by 5.6% during the 3rd quarter. California Public Employees Retirement System now owns 58,508 shares of the semiconductor company’s stock valued at $1,751,000 after acquiring an additional 3,108 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Diodes by 7.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,475,574 shares of the semiconductor company’s stock valued at $104,023,000 after acquiring an additional 227,672 shares during the period. 74.74% of the stock is currently owned by 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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