Diodes (DIOD) Upgraded at BidaskClub

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.

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

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.

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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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