Brokerages Set Diodes Incorporated (DIOD) Target Price at $35.67
Diodes Incorporated (NASDAQ:DIOD) has been assigned a consensus recommendation of “Hold” from the nine analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $35.67.
A number of research analysts have issued reports on the company. Benchmark Co. cut Diodes from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Robert W. Baird reiterated a “buy” rating and issued a $37.00 target price on shares of Diodes in a research report on Tuesday, October 17th. Zacks Investment Research upgraded Diodes from a “hold” rating to a “strong-buy” rating and set a $38.00 target price on the stock in a research report on Tuesday, October 17th. ValuEngine cut Diodes from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, Sidoti assumed coverage on Diodes in a research report on Thursday, September 21st. They issued a “neutral” rating and a $32.00 target price on the stock.
Diodes (NASDAQ DIOD) traded up $0.30 during mid-day trading on Wednesday, reaching $31.46. The company had a trading volume of 116,320 shares, compared to its average volume of 363,652. The firm has a market capitalization of $1,539.00, a P/E ratio of 28.33 and a beta of 1.23. Diodes has a fifty-two week low of $22.06 and a fifty-two week high of $35.36. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.18 and a current ratio of 3.12.
Diodes (NASDAQ:DIOD) last posted its quarterly earnings results on Tuesday, November 7th. The semiconductor company reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.01. The business had revenue of $285.20 million during the quarter, compared to the consensus estimate of $281.66 million. Diodes had a return on equity of 6.44% and a net margin of 2.96%. Diodes’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 earnings per share. analysts anticipate that Diodes will post 1.35 EPS for the current fiscal year.
In other Diodes news, SVP Mark A. King sold 14,396 shares of Diodes stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $31.29, for a total value of $450,450.84. Following the transaction, the senior vice president now owns 94,719 shares in the company, valued at $2,963,757.51. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Clemente Beltran sold 4,993 shares of Diodes stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $35.00, for a total value of $174,755.00. Following the completion of the transaction, the vice president now owns 31,256 shares in the company, valued at approximately $1,093,960. The disclosure for this sale can be found here. In the last quarter, insiders sold 505,462 shares of company stock worth $15,249,412. Company insiders own 7.00% of the company’s stock.
Several large investors have recently added to or reduced their stakes in DIOD. SG Americas Securities LLC bought a new stake in shares of Diodes during the third quarter worth about $167,000. State of Alaska Department of Revenue grew its holdings in shares of Diodes by 79.1% during the second quarter. State of Alaska Department of Revenue now owns 7,542 shares of the semiconductor company’s stock worth $181,000 after purchasing an additional 3,332 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Diodes during the third quarter worth about $206,000. Public Employees Retirement System of Ohio grew its holdings in shares of Diodes by 10.1% during the first quarter. Public Employees Retirement System of Ohio now owns 8,745 shares of the semiconductor company’s stock worth $210,000 after purchasing an additional 800 shares during the last quarter. Finally, Piedmont Investment Advisors LLC bought a new stake in shares of Diodes during the third quarter worth about $250,000. Institutional investors own 74.18% 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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