Shares of Diodes Incorporated (NASDAQ:DIOD) have been given a consensus rating of “Hold” by the six research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $30.00.

Several research analysts recently issued reports on the company. Zacks Investment Research raised Diodes from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Friday. BidaskClub raised Diodes from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. Cleveland Research cut Diodes from a “buy” rating to a “neutral” rating in a research report on Thursday, July 20th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $30.00 target price on shares of Diodes in a research report on Friday, June 9th.

In other Diodes news, VP Francis Tang sold 2,200 shares of the business’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $26.66, for a total value of $58,652.00. Following the transaction, the vice president now owns 69,943 shares of the company’s stock, valued at $1,864,680.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Keh Shew Lu sold 29,126 shares of the business’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $26.38, for a total value of $768,343.88. Following the completion of the transaction, the chief executive officer now directly owns 1,095,920 shares in the company, valued at approximately $28,910,369.60. The disclosure for this sale can be found here. In the last three months, insiders sold 276,546 shares of company stock worth $7,217,096. Insiders own 6.70% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Teachers Advisors LLC boosted its position in Diodes by 1.7% in the fourth quarter. Teachers Advisors LLC now owns 62,303 shares of the semiconductor company’s stock valued at $1,599,000 after buying an additional 1,071 shares in the last quarter. Legato Capital Management LLC boosted its position in Diodes by 2,305.0% in the first quarter. Legato Capital Management LLC now owns 110,125 shares of the semiconductor company’s stock valued at $4,579,000 after buying an additional 105,546 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Diodes by 1.0% in the first quarter. State of Alaska Department of Revenue now owns 4,210 shares of the semiconductor company’s stock valued at $101,000 after buying an additional 40 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Diodes by 28.5% in the first quarter. Russell Investments Group Ltd. now owns 34,737 shares of the semiconductor company’s stock valued at $835,000 after buying an additional 7,700 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in Diodes by 7.6% in the first quarter. Great West Life Assurance Co. Can now owns 53,864 shares of the semiconductor company’s stock valued at $1,295,000 after buying an additional 3,809 shares in the last quarter. 75.25% of the stock is currently owned by institutional investors and hedge funds.

Shares of Diodes (DIOD) opened at 26.49 on Monday. The stock’s 50 day moving average price is $25.68 and its 200-day moving average price is $24.94. The company has a market cap of $1.30 billion, a PE ratio of 50.17 and a beta of 1.22. Diodes has a 52 week low of $18.67 and a 52 week high of $27.50.

Diodes (NASDAQ:DIOD) last announced its earnings results on Tuesday, August 8th. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. The company had revenue of $264.20 million for the quarter, compared to analysts’ expectations of $261.15 million. Diodes had a return on equity of 5.64% and a net margin of 2.68%. Diodes’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.20 earnings per share. Analysts expect that Diodes will post $1.30 EPS for the current year.

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About Diodes

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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