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.

ILLEGAL ACTIVITY NOTICE: “Diodes (DIOD) Rating Lowered to Sell at BidaskClub” was originally published by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another publication, it was stolen and reposted in violation of international trademark and copyright legislation. The correct version of this news story can be read at https://www.watchlistnews.com/diodes-diod-rating-lowered-to-sell-at-bidaskclub/1754994.html.

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.

Analyst Recommendations for Diodes (NASDAQ:DIOD)

Receive News & Ratings for Diodes Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diodes Incorporated and related companies with Analyst Ratings Network's FREE daily email newsletter.