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.

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

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.

Analyst Recommendations for Diodes (NASDAQ:DIOD)

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