Diodes (NASDAQ:DIOD) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.
DIOD has been the subject of a number of other research reports. Zacks Investment Research lowered shares of Diodes from a “hold” rating to a “sell” rating in a report on Monday, December 25th. Benchmark lowered shares of Diodes from a “buy” rating to a “hold” rating in a report on Monday, October 30th. ValuEngine lowered shares of Diodes from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Robert W. Baird reissued a “buy” rating and issued a $37.00 price target on shares of Diodes in a report on Tuesday, October 17th. Finally, Sidoti raised shares of Diodes from a “neutral” rating to a “buy” rating and set a $36.00 target price for the company in a report on Thursday, December 14th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $37.00.
Diodes (DIOD) traded up $0.80 during midday trading on Friday, hitting $30.85. 589,912 shares of the stock traded hands, compared to its average volume of 345,877. The firm has a market capitalization of $1,550.00, a price-to-earnings ratio of 51.42 and a beta of 1.17. 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 has a 12 month low of $22.06 and a 12 month high of $35.36.
In other Diodes news, SVP Mark A. King sold 10,000 shares of Diodes stock in a transaction on Friday, November 10th. The shares were sold at an average price of $31.79, for a total transaction of $317,900.00. Following the completion of the sale, the senior vice president now owns 69,888 shares of the company’s stock, valued at approximately $2,221,739.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Clemente Beltran sold 4,993 shares of Diodes stock in a transaction on Friday, October 27th. The stock was sold at an average price of $35.00, for a total transaction of $174,755.00. Following the sale, the vice president now directly owns 31,256 shares of the company’s stock, valued at approximately $1,093,960. The disclosure for this sale can be found here. Insiders have sold a total of 141,071 shares of company stock valued at $4,429,570 in the last ninety days. Company insiders own 7.00% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in shares of Diodes during the third quarter worth $167,000. Crossmark Global Holdings Inc. bought a new position in shares of Diodes during the third quarter worth $206,000. Piedmont Investment Advisors LLC bought a new position in shares of Diodes during the third quarter worth $250,000. Virtu KCG Holdings LLC boosted its position in shares of Diodes by 8.0% during the second quarter. Virtu KCG Holdings LLC now owns 10,997 shares of the semiconductor company’s stock worth $264,000 after purchasing an additional 815 shares in the last quarter. Finally, Petrus Trust Company LTA bought a new position in shares of Diodes during the second quarter worth $291,000. 74.70% of the stock is currently owned by institutional investors.
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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