Diodes Incorporated (DIOD) Receives Consensus Rating of “Hold” from Analysts
Shares of Diodes Incorporated (NASDAQ:DIOD) have earned a consensus rating of “Hold” from the seven brokerages that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $30.67.
A number of equities analysts have recently issued reports on the company. BidaskClub upgraded Diodes from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Robert W. Baird reiterated an “outperform” rating and set a $30.00 price objective on shares of Diodes in a research note on Friday, June 9th. Sidoti assumed coverage on shares of Diodes in a research note on Thursday, September 21st. They issued a “neutral” rating and a $32.00 price objective for the company. Cleveland Research lowered Diodes from a “buy” rating to a “neutral” rating in a research note on Thursday, July 20th. Finally, Zacks Investment Research cut Diodes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 11th.
Diodes (NASDAQ DIOD) opened at 30.50 on Tuesday. The stock’s 50 day moving average is $27.83 and its 200-day moving average is $25.69. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 57.77 and a beta of 1.26. Diodes has a 12 month low of $19.64 and a 12 month high of $30.50.
Diodes (NASDAQ:DIOD) last issued its earnings results on Tuesday, August 8th. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. The firm had revenue of $264.20 million for the quarter, compared to the consensus estimate of $261.15 million. Diodes had a net margin of 5.23% and a return on equity of 6.50%. The business’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.20 earnings per share. Equities analysts anticipate that Diodes will post $1.28 earnings per share for the current fiscal year.
In related news, CFO Richard Dallas White sold 2,750 shares of the business’s stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $23.81, for a total transaction of $65,477.50. Following the completion of the transaction, the chief financial officer now owns 93,621 shares in the company, valued at approximately $2,229,116.01. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Keh Shew Lu sold 8,505 shares of the business’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $23.81, for a total transaction of $202,504.05. Following the transaction, the chief executive officer now owns 1,032,021 shares of the company’s stock, valued at approximately $24,572,420.01. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 344,308 shares of company stock worth $9,359,790. 7.00% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE lifted its stake in shares of Diodes by 27.7% during the first quarter. Bank of America Corp DE now owns 167,123 shares of the semiconductor company’s stock worth $4,020,000 after buying an additional 36,263 shares during the period. AJO LP purchased a new stake in Diodes in the second quarter valued at $1,044,000. Capital Fund Management S.A. purchased a new stake in Diodes in the second quarter valued at $718,000. Morgan Stanley boosted its holdings in Diodes by 3.2% in the first quarter. Morgan Stanley now owns 175,221 shares of the semiconductor company’s stock valued at $4,213,000 after purchasing an additional 5,464 shares during the last quarter. Finally, Highbridge Capital Management LLC purchased a new stake in Diodes in the first quarter valued at $681,000. 73.74% of the stock is owned by institutional investors and hedge funds.
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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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