Diodes (NASDAQ:DIOD) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a report issued on Saturday.

Other equities analysts also recently issued reports about the stock. Sidoti downgraded shares of Diodes from a “buy” rating to a “neutral” rating and set a $38.00 target price on the stock. in a report on Thursday, June 7th. TheStreet upgraded shares of Diodes from a “c” rating to a “b” rating in a report on Wednesday, May 9th. Robert W. Baird boosted their target price on shares of Diodes from $37.00 to $42.00 and gave the stock an “outperform” rating in a report on Tuesday, June 19th. Finally, Zacks Investment Research upgraded shares of Diodes from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Thursday, May 10th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Diodes currently has an average rating of “Buy” and a consensus price target of $38.00.

Shares of DIOD opened at $37.02 on Friday. The firm has a market cap of $1.89 billion, a P/E ratio of 27.02 and a beta of 1.01. Diodes has a 1-year low of $26.09 and a 1-year high of $38.70. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.66 and a current ratio of 2.60.

Diodes (NASDAQ:DIOD) last issued its earnings results on Tuesday, August 7th. The semiconductor company reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.05. The business had revenue of $304.09 million for the quarter, compared to the consensus estimate of $300.00 million. Diodes had a net margin of 2.42% and a return on equity of 10.86%. analysts predict that Diodes will post 2.17 earnings per share for the current year.

In other Diodes news, VP Julie Holland sold 5,750 shares of the company’s stock in a transaction on Wednesday, May 30th. The shares were sold at an average price of $34.20, for a total value of $196,650.00. Following the transaction, the vice president now directly owns 60,199 shares in the company, valued at $2,058,805.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Keh Shew Lu sold 6,000 shares of the company’s stock in a transaction on Tuesday, May 22nd. The shares were sold at an average price of $33.95, for a total transaction of $203,700.00. Following the completion of the transaction, the chief executive officer now owns 644,207 shares in the company, valued at $21,870,827.65. The disclosure for this sale can be found here. Over the last quarter, insiders sold 72,412 shares of company stock worth $2,553,895. Corporate insiders own 6.70% of the company’s stock.

Several large investors have recently added to or reduced their stakes in DIOD. Mackay Shields LLC acquired a new position in shares of Diodes in the first quarter valued at $204,000. Amalgamated Bank acquired a new position in shares of Diodes in the second quarter valued at $205,000. Profund Advisors LLC bought a new stake in shares of Diodes in the first quarter valued at about $207,000. Fox Run Management L.L.C. bought a new stake in shares of Diodes in the second quarter valued at about $208,000. Finally, Xact Kapitalforvaltning AB bought a new stake in shares of Diodes in the first quarter valued at about $247,000. Hedge funds and other institutional investors own 76.51% of the company’s stock.

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.

Further Reading: Are analyst ratings accurate?

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.