Diodes (DIOD) Earning Somewhat Positive Media Coverage, Report Finds
Media coverage about Diodes (NASDAQ:DIOD) has been trending somewhat positive recently, Accern reports. Accern rates the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Diodes earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave news coverage about the semiconductor company an impact score of 47.2803612652977 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have impacted Accern’s analysis:
- Diodes Incorporated (DIOD) Major Shareholder Semiconductor Corp Lite-On Sells 20,000 Shares (americanbankingnews.com)
- Global Miniature Light Emitting Diode 2017 Market Report; Launched via MarketResearchReports.com (sbwire.com)
- Sales of Laser Diode Driver to Witness a Decline By the End of 2025 (reports.pr-inside.com)
- Diodes, Inc. – Value Analysis (NASDAQ:DIOD) : November 15, 2017 (finance.yahoo.com)
- Diodes Incorporated is Named as a Finalist in the 2017 ACE Awards (finance.yahoo.com)
Diodes (NASDAQ DIOD) opened at $31.40 on Friday. The company has a current ratio of 3.12, a quick ratio of 2.18 and a debt-to-equity ratio of 0.34. Diodes has a fifty-two week low of $22.06 and a fifty-two week high of $35.36. The stock has a market cap of $1,504.42, a P/E ratio of 27.69 and a beta of 1.23.
Diodes (NASDAQ:DIOD) last released its quarterly earnings results on Tuesday, November 7th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.01. Diodes had a net margin of 2.96% and a return on equity of 6.44%. The firm had revenue of $285.20 million during the quarter, compared to analyst estimates of $281.66 million. During the same quarter last year, the business earned $0.30 EPS. The company’s revenue was up 13.8% compared to the same quarter last year. sell-side analysts forecast that Diodes will post 1.35 earnings per share for the current year.
DIOD has been the topic of several recent research reports. Zacks Investment Research upgraded shares of 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, August 11th. Sidoti initiated coverage on shares of Diodes in a research report on Thursday, September 21st. They set a “neutral” rating and a $32.00 target price on the stock. Cleveland Research downgraded shares of Diodes from a “buy” rating to a “neutral” rating in a research report on Thursday, July 20th. Benchmark Co. downgraded shares of Diodes from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Finally, Robert W. Baird reiterated a “buy” rating and set a $37.00 target price on shares of Diodes in a research report on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $35.67.
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In other news, Director C H. Chen sold 30,000 shares of Diodes stock in a transaction on Friday, September 1st. The shares were sold at an average price of $28.25, for a total value of $847,500.00. Following the completion of the sale, the director now owns 509,979 shares in the company, valued at approximately $14,406,906.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Semiconductor Corp Lite-On sold 20,000 shares of Diodes stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $30.87, for a total transaction of $617,400.00. Following the completion of the sale, the insider now owns 7,837,912 shares of the company’s stock, valued at approximately $241,956,343.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 537,290 shares of company stock valued at $15,911,055. Company insiders own 7.00% of the company’s stock.
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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