Diodes (DIOD) Rating Lowered to Sell at BidaskClub
BidaskClub downgraded shares of Diodes (NASDAQ:DIOD) from a hold rating to a sell rating in a research report sent to investors on Wednesday.
Several other equities analysts have also recently commented on the company. ValuEngine cut Diodes from a buy rating to a hold rating in a research report on Wednesday, November 15th. Benchmark cut Diodes from a buy rating to a hold rating in a research report on Monday, October 30th. Zacks Investment Research upgraded Diodes from a hold rating to a strong-buy rating and set a $38.00 target price for the company in a research report on Tuesday, October 17th. Robert W. Baird restated a buy rating and set a $37.00 target price on shares of Diodes in a research report on Tuesday, October 17th. Finally, Sidoti started coverage on Diodes in a research report on Thursday, September 21st. They set a neutral rating and a $32.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $35.67.
Diodes (NASDAQ DIOD) opened at $28.21 on Wednesday. Diodes has a 52-week low of $22.06 and a 52-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. The company has a market capitalization of $1,406.63, a PE ratio of 25.89 and a beta of 1.15.
Diodes (NASDAQ:DIOD) last posted its earnings results on Tuesday, November 7th. The semiconductor company reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.01. Diodes had a return on equity of 6.44% and a net margin of 2.96%. The business had revenue of $285.20 million during the quarter, compared to analysts’ expectations of $281.66 million. During the same period in the previous year, the business earned $0.30 earnings per share. The firm’s revenue was up 13.8% on a year-over-year basis. equities research analysts predict that Diodes will post 1.35 EPS for the current year.
In other news, VP Francis Tang sold 3,800 shares of the company’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $29.67, for a total value of $112,746.00. Following the completion of the transaction, the vice president now directly owns 66,072 shares in the company, valued at approximately $1,960,356.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shiao Kwang Edmund Tang sold 27,877 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $30.29, for a total value of $844,394.33. The disclosure for this sale can be found here. Insiders sold a total of 477,486 shares of company stock valued at $14,707,920 over the last quarter. Company insiders own 7.00% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Teachers Advisors LLC boosted its holdings in shares of Diodes by 6.3% in the 2nd quarter. Teachers Advisors LLC now owns 68,337 shares of the semiconductor company’s stock worth $1,642,000 after purchasing an additional 4,030 shares in the last quarter. Prudential Financial Inc. boosted its holdings in shares of Diodes by 30.8% in the 3rd quarter. Prudential Financial Inc. now owns 203,186 shares of the semiconductor company’s stock worth $6,081,000 after purchasing an additional 47,840 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Diodes by 2.9% in the 2nd quarter. Northern Trust Corp now owns 777,284 shares of the semiconductor company’s stock worth $18,679,000 after purchasing an additional 21,697 shares in the last quarter. AJO LP bought a new stake in shares of Diodes in the 2nd quarter valued at about $1,044,000. Finally, Russell Investments Group Ltd. lifted its stake in shares of Diodes by 75.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 61,043 shares of the semiconductor company’s stock valued at $1,467,000 after acquiring an additional 26,306 shares during the last quarter. Hedge funds and other institutional investors own 74.74% 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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