BidaskClub Upgrades Diodes (NASDAQ:DIOD) to Hold

BidaskClub upgraded shares of Diodes (NASDAQ:DIOD) from a sell rating to a hold rating in a report issued on Saturday, January 20th.

Several other research firms also recently commented on DIOD. Zacks Investment Research downgraded Diodes from a strong-buy rating to a hold rating in a report on Monday, December 18th. Sidoti upgraded Diodes from a neutral rating to a buy rating and set a $36.00 price objective for the company in a report on Thursday, December 14th. They noted that the move was a valuation call. Robert W. Baird reiterated a buy rating and issued a $37.00 price objective on shares of Diodes in a report on Tuesday, October 17th. Benchmark downgraded Diodes from a buy rating to a hold rating in a report on Monday, October 30th. Finally, ValuEngine downgraded Diodes from a buy rating to a hold rating in a report on Wednesday, November 15th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Diodes has a consensus rating of Buy and an average target price of $34.50.

Diodes (DIOD) traded up $1.24 on Friday, hitting $29.22. The stock had a trading volume of 824,160 shares, compared to its average volume of 330,839. The company has a current ratio of 2.68, a quick ratio of 2.18 and a debt-to-equity ratio of 0.28. The stock has a market cap of $1,430.00, a price-to-earnings ratio of -584.40 and a beta of 1.05. Diodes has a 12-month low of $22.06 and a 12-month high of $35.36.

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

In other Diodes news, major shareholder Semiconductor Corp Lite-On sold 20,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $30.87, for a total transaction of $617,400.00. Following the completion of the sale, the insider now directly owns 7,837,912 shares in the company, valued at approximately $241,956,343.44. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Mark A. King sold 14,396 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $31.29, for a total value of $450,450.84. Following the sale, the senior vice president now owns 94,719 shares of the company’s stock, valued at $2,963,757.51. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 124,699 shares of company stock valued at $3,892,787. Corporate insiders own 7.00% of the company’s stock.

Large investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in shares of Diodes during the 3rd quarter valued at approximately $167,000. Crossmark Global Holdings Inc. bought a new position in shares of Diodes during the 3rd quarter valued at approximately $206,000. Piedmont Investment Advisors LLC bought a new position in shares of Diodes during the 3rd quarter valued at approximately $250,000. Virtu KCG Holdings LLC grew its stake in shares of Diodes by 8.0% during the 2nd quarter. Virtu KCG Holdings LLC now owns 10,997 shares of the semiconductor company’s stock valued at $264,000 after acquiring an additional 815 shares during the period. Finally, Petrus Trust Company LTA bought a new position in shares of Diodes during the 2nd quarter valued at approximately $291,000. Institutional investors own 74.74% of the company’s stock.

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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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