Shares of Diodes Incorporated (NASDAQ:DIOD) have been assigned an average recommendation of “Hold” from the eight analysts that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $38.00.
Several brokerages recently weighed in on DIOD. BidaskClub raised shares of Diodes from a “hold” rating to a “buy” rating in a research report on Saturday, July 21st. Robert W. Baird raised their price target on shares of Diodes from $37.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday, June 19th. ValuEngine downgraded shares of Diodes from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. Finally, Zacks Investment Research downgraded shares of Diodes from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 24th.
In other Diodes news, VP Francis Tang sold 6,560 shares of Diodes stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $38.90, for a total value of $255,184.00. Following the completion of the sale, the vice president now owns 88,597 shares of the company’s stock, valued at approximately $3,446,423.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Evan Yu sold 8,983 shares of Diodes stock in a transaction that occurred on Friday, August 31st. The stock was sold at an average price of $37.66, for a total transaction of $338,299.78. Following the completion of the sale, the vice president now directly owns 36,170 shares of the company’s stock, valued at approximately $1,362,162.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 97,551 shares of company stock valued at $3,723,392. 6.70% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of the business. Pettee Investors Inc. grew its position in shares of Diodes by 7.4% during the 2nd quarter. Pettee Investors Inc. now owns 22,743 shares of the semiconductor company’s stock valued at $784,000 after acquiring an additional 1,568 shares during the period. Meadow Creek Investment Management LLC grew its position in shares of Diodes by 31.0% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 7,224 shares of the semiconductor company’s stock valued at $249,000 after acquiring an additional 1,708 shares during the period. United Services Automobile Association grew its position in shares of Diodes by 0.8% during the 2nd quarter. United Services Automobile Association now owns 263,176 shares of the semiconductor company’s stock valued at $9,072,000 after acquiring an additional 2,139 shares during the period. Chicago Equity Partners LLC grew its position in shares of Diodes by 4.0% during the 2nd quarter. Chicago Equity Partners LLC now owns 68,914 shares of the semiconductor company’s stock valued at $2,375,000 after acquiring an additional 2,630 shares during the period. Finally, Northern Trust Corp grew its position in shares of Diodes by 0.4% during the 1st quarter. Northern Trust Corp now owns 769,238 shares of the semiconductor company’s stock valued at $23,431,000 after acquiring an additional 2,769 shares during the period. 75.62% of the stock is owned by institutional investors and hedge funds.
Shares of DIOD opened at $30.70 on Friday. The company has a market cap of $1.67 billion, a P/E ratio of 22.41 and a beta of 0.99. The company has a quick ratio of 1.66, a current ratio of 2.60 and a debt-to-equity ratio of 0.18. Diodes has a twelve month low of $26.09 and a twelve month high of $39.31.
Diodes (NASDAQ:DIOD) last announced its quarterly earnings results on Tuesday, August 7th. The semiconductor company reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.05. The company had revenue of $304.09 million during the quarter, compared to the consensus estimate of $300.00 million. Diodes had a net margin of 2.42% and a return on equity of 10.86%. On average, sell-side analysts anticipate that Diodes will post 2.17 EPS for the current fiscal year.
Diodes Company Profile
Diodes Incorporated, together with its subsidiaries, designs, manufactures, and supplies application-specific standard products in the discrete, logic, and analog and mixed semiconductor markets in Asia, North America, Europe, and internationally. It primarily focuses on low pin count semiconductor devices with one or more active or passive components.
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