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.
COPYRIGHT VIOLATION WARNING: “BidaskClub Upgrades Diodes (NASDAQ:DIOD) to Hold” was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece of content on another website, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be read at https://ledgergazette.com/2018/02/12/diodes-diod-upgraded-to-hold-at-bidaskclub.html.
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.
Receive News & Ratings for Diodes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diodes and related companies with MarketBeat.com's FREE daily email newsletter.