Diodes (NASDAQ:DIOD) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Wednesday.

A number of other brokerages also recently issued reports on DIOD. Zacks Investment Research upgraded Diodes from a “hold” rating to a “strong-buy” rating and set a $38.00 price objective on the stock in a research report on Tuesday, October 17th. Sidoti initiated coverage on Diodes in a research report on Thursday, September 21st. They set a “neutral” rating and a $32.00 price target on the stock. Robert W. Baird restated a “buy” rating and set a $37.00 price target on shares of Diodes in a research report on Tuesday, October 17th. Benchmark downgraded Diodes from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Finally, ValuEngine downgraded Diodes from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $35.67.

Diodes (NASDAQ DIOD) opened at $28.52 on Wednesday. Diodes has a twelve month low of $22.06 and a twelve month high of $35.36. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.12 and a quick ratio of 2.18. The company has a market capitalization of $1,435.28, a price-to-earnings ratio of 26.42 and a beta of 1.15.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Tuesday, November 7th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company had revenue of $285.20 million for the quarter, compared to the consensus estimate of $281.66 million. During the same quarter last year, the business posted $0.30 earnings per share. The firm’s revenue was up 13.8% compared to the same quarter last year. research analysts anticipate that Diodes will post 1.35 EPS for the current fiscal year.

In other Diodes news, Director C H. Chen sold 30,000 shares of Diodes stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $29.25, for a total transaction of $877,500.00. Following the sale, the director now directly owns 479,979 shares of the company’s stock, valued at approximately $14,039,385.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Semiconductor Corp Lite-On sold 7,247 shares of Diodes stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $30.36, for a total value of $220,018.92. Following the sale, the insider now directly owns 7,772,425 shares in the company, valued at $235,970,823. The disclosure for this sale can be found here. Insiders sold 467,486 shares of company stock worth $14,390,020 over the last three months. 7.00% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the business. Arizona State Retirement System lifted its holdings in shares of Diodes by 0.5% during the second quarter. Arizona State Retirement System now owns 19,975 shares of the semiconductor company’s stock valued at $480,000 after purchasing an additional 100 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Diodes by 0.6% during the second quarter. Louisiana State Employees Retirement System now owns 15,600 shares of the semiconductor company’s stock valued at $375,000 after purchasing an additional 100 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in Diodes by 1.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 14,220 shares of the semiconductor company’s stock worth $342,000 after acquiring an additional 250 shares during the last quarter. Texas Permanent School Fund raised its holdings in Diodes by 1.0% in the 2nd quarter. Texas Permanent School Fund now owns 27,901 shares of the semiconductor company’s stock worth $670,000 after acquiring an additional 274 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its holdings in Diodes by 10.1% in the 1st quarter. Public Employees Retirement System of Ohio now owns 8,745 shares of the semiconductor company’s stock worth $210,000 after acquiring an additional 800 shares during the last quarter. 74.74% of the stock is currently 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.

Analyst Recommendations for Diodes (NASDAQ:DIOD)

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