Diodes (DIOD) Downgraded by TheStreet to “C”

Diodes (NASDAQ:DIOD) was downgraded by analysts at TheStreet from a “b” rating to a “c” rating in a research note issued on Thursday.

DIOD has been the subject of several other reports. Zacks Investment Research downgraded Diodes from a “hold” rating to a “sell” rating in a research note on Monday, December 25th. Benchmark downgraded Diodes from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. BidaskClub upgraded Diodes from a “sell” rating to a “hold” rating in a research note on Saturday, January 20th. ValuEngine downgraded Diodes from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, Robert W. Baird restated a “buy” rating and issued a $37.00 price target on shares of Diodes in a research note on Tuesday, October 17th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Diodes currently has a consensus rating of “Buy” and an average target price of $34.50.

Diodes (NASDAQ:DIOD) opened at $29.22 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.18 and a current ratio of 2.68. Diodes has a one year low of $22.06 and a one year high of $35.36. The company has a market capitalization of $1,500.00, a P/E ratio of -584.40 and a beta of 1.05.

Diodes (NASDAQ:DIOD) last issued its earnings results on Wednesday, February 7th. The semiconductor company reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.02. The company had revenue of $268.43 million during the quarter, compared to the consensus estimate of $270.62 million. Diodes had a positive return on equity of 7.94% and a negative net margin of 0.17%. The firm’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.15 EPS. research analysts anticipate that Diodes will post 1.95 earnings per share for the current fiscal year.

In other Diodes news, major shareholder Semiconductor Corp Lite-On sold 20,000 shares of Diodes stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $30.87, for a total value of $617,400.00. Following the completion of the transaction, the insider now directly owns 7,837,912 shares of the company’s stock, valued at approximately $241,956,343.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Mark A. King sold 10,169 shares of Diodes stock in a transaction on Monday, November 13th. The shares were sold at an average price of $31.80, for a total value of $323,374.20. The disclosure for this sale can be found here. Insiders sold a total of 124,699 shares of company stock valued at $3,892,787 over the last 90 days. 7.00% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its holdings in Diodes by 4.2% in the 4th quarter. BlackRock Inc. now owns 5,080,603 shares of the semiconductor company’s stock valued at $145,660,000 after acquiring an additional 204,420 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Diodes by 3.6% in the 4th quarter. Bank of New York Mellon Corp now owns 486,751 shares of the semiconductor company’s stock valued at $13,956,000 after acquiring an additional 17,068 shares in the last quarter. Rhumbline Advisers raised its holdings in Diodes by 15.2% in the 4th quarter. Rhumbline Advisers now owns 90,788 shares of the semiconductor company’s stock valued at $2,603,000 after acquiring an additional 11,967 shares in the last quarter. Arizona State Retirement System raised its holdings in Diodes by 225.8% in the 4th quarter. Arizona State Retirement System now owns 64,750 shares of the semiconductor company’s stock valued at $1,856,000 after acquiring an additional 44,875 shares in the last quarter. Finally, Pinebridge Investments L.P. raised its holdings in Diodes by 39.4% in the 4th quarter. Pinebridge Investments L.P. now owns 76,198 shares of the semiconductor company’s stock valued at $2,185,000 after acquiring an additional 21,543 shares in the last quarter. 74.74% of the stock is owned by hedge funds and other institutional investors.

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About Diodes

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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