Zacks Investment Research cut shares of Diodes (NASDAQ:DIOD) from a strong-buy rating to a hold rating in a research report released on Monday.

According to Zacks, “Diodes Incorporated is a leading manufacturer and supplier of high-quality discrete and analog semiconductor products, primarily to the communications, computing, industrial, consumer electronics and automotive markets. The Company’s corporate sales, marketing, engineering and logistics headquarters is located in Southern California, with two manufacturing facilities in Shanghai, China, a wafer fabrication plant in Kansas City, Missouri, engineering, sales, warehouse and logistics offices in Taipei, Taiwan and Hong Kong, and sales and support offices throughout the world. Diodes, Inc. recently acquired Anachip Corporation, a fabless analog IC company in Hsinchu Science Park, Taiwan. It’s product focus is on subminiature surface-mount discrete devices, analog power management ICs and Hall-effect sensors all of which are widely used in end-user equipment. “

Several other research firms also recently weighed in on DIOD. BidaskClub downgraded Diodes from a hold rating to a sell rating in a research note on Saturday, September 8th. Sidoti downgraded Diodes from a buy rating to a neutral rating and set a $38.00 price objective for the company. in a research note on Thursday, June 7th. Robert W. Baird raised their price objective on Diodes from $37.00 to $42.00 and gave the company an outperform rating in a research note on Tuesday, June 19th. Finally, ValuEngine downgraded Diodes from a buy rating to a hold rating in a research note on Friday, September 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $38.00.

NASDAQ DIOD opened at $32.75 on Monday. Diodes has a 1-year low of $26.09 and a 1-year high of $39.31. The company has a market capitalization of $1.67 billion, a P/E ratio of 17.24 and a beta of 0.95. 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 (NASDAQ:DIOD) last released its quarterly earnings data on Tuesday, August 7th. The semiconductor company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.05. Diodes had a return on equity of 10.86% and a net margin of 2.42%. The firm had revenue of $304.09 million during the quarter, compared to the consensus estimate of $300.00 million. equities research analysts expect that Diodes will post 2.17 EPS for the current fiscal year.

In other Diodes news, VP Evan Yu sold 8,983 shares of the firm’s stock in a transaction 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 transaction, the vice president now owns 36,170 shares of the company’s stock, valued at $1,362,162.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Keh Shew Lu sold 4,389 shares of the firm’s stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $38.05, for a total value of $167,001.45. Following the transaction, the chief executive officer now directly owns 619,693 shares of the company’s stock, valued at approximately $23,579,318.65. The disclosure for this sale can be found here. Insiders have sold 97,551 shares of company stock valued at $3,723,392 in the last three months. 6.70% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in DIOD. Mackay Shields LLC acquired a new stake in shares of Diodes during the first quarter worth $204,000. Amalgamated Bank acquired a new stake in shares of Diodes during the second quarter worth $205,000. Profund Advisors LLC acquired a new stake in shares of Diodes during the first quarter worth $207,000. Fox Run Management L.L.C. acquired a new stake in shares of Diodes during the second quarter worth $208,000. Finally, Xact Kapitalforvaltning AB acquired a new stake in shares of Diodes during the first quarter worth $247,000. 75.62% of the stock is owned by institutional investors.

About Diodes

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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