Diodes (NASDAQ:DIOD) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.
DIOD has been the subject of several other research reports. Zacks Investment Research downgraded shares of Diodes from a “hold” rating to a “sell” rating in a research report on Monday, December 25th. BidaskClub upgraded shares of Diodes from a “sell” rating to a “hold” rating in a report on Saturday, January 20th. Sidoti upgraded shares of 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. TheStreet downgraded shares of Diodes from a “b” rating to a “c” rating in a report on Thursday, February 8th. Finally, Benchmark upgraded shares of Diodes from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Thursday, February 8th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $34.50.
Diodes (NASDAQ:DIOD) traded up $0.51 during trading hours on Wednesday, reaching $31.81. 112,418 shares of the company’s stock traded hands, compared to its average volume of 314,503. Diodes has a one year low of $22.06 and a one year high of $35.36. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.80 and a current ratio of 2.68. The stock has a market capitalization of $1,529.24, a price-to-earnings ratio of -635.47 and a beta of 0.94.
Diodes (NASDAQ:DIOD) last posted its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.40 by $0.02. Diodes had a negative net margin of 0.17% and a positive return on equity of 7.94%. The company had revenue of $268.43 million for the quarter, compared to analyst estimates of $270.62 million. During the same period in the prior year, the company earned $0.15 earnings per share. The firm’s revenue was up 15.7% on a year-over-year basis. research analysts predict that Diodes will post 1.95 EPS for the current year.
In other Diodes news, VP Julie Holland sold 2,829 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $29.22, for a total value of $82,663.38. Following the completion of the sale, the vice president now owns 68,778 shares in the company, valued at approximately $2,009,693.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 7.00% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. MetLife Investment Advisors LLC acquired a new stake in shares of Diodes during the 4th quarter worth approximately $525,000. Millennium Management LLC increased its holdings in shares of Diodes by 88.5% during the 4th quarter. Millennium Management LLC now owns 1,176,688 shares of the semiconductor company’s stock worth $33,736,000 after buying an additional 552,299 shares during the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new stake in shares of Diodes during the 4th quarter worth approximately $166,000. TIAA CREF Investment Management LLC increased its holdings in shares of Diodes by 59.5% during the 4th quarter. TIAA CREF Investment Management LLC now owns 182,267 shares of the semiconductor company’s stock worth $5,226,000 after buying an additional 67,967 shares during the last quarter. Finally, Teachers Advisors LLC increased its holdings in shares of Diodes by 464.0% during the 4th quarter. Teachers Advisors LLC now owns 384,511 shares of the semiconductor company’s stock worth $11,024,000 after buying an additional 316,338 shares during the last quarter. Institutional investors and hedge funds own 77.80% of the company’s stock.
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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.
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