Diodes (NASDAQ:DIOD) had its price target lowered by Wells Fargo & Co from $55.00 to $53.00 in a research note released on Tuesday, Stock Target Advisor reports. The firm currently has an outperform rating on the semiconductor company’s stock.

A number of other analysts have also weighed in on DIOD. BidaskClub upgraded Diodes from a buy rating to a strong-buy rating in a research note on Wednesday, October 16th. Zacks Investment Research lowered Diodes from a buy rating to a hold rating in a research note on Tuesday, October 8th. Finally, ValuEngine lowered Diodes from a buy rating to a hold rating in a research note on Friday, August 2nd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $52.00.

NASDAQ:DIOD opened at $45.71 on Tuesday. The stock’s fifty day moving average is $42.44 and its 200 day moving average is $38.07. Diodes has a fifty-two week low of $29.88 and a fifty-two week high of $49.36. The firm has a market capitalization of $2.38 billion, a PE ratio of 19.21 and a beta of 1.30. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.94 and a current ratio of 2.56.

Diodes (NASDAQ:DIOD) last released its quarterly earnings results on Monday, November 4th. The semiconductor company reported $0.81 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.03. Diodes had a return on equity of 14.60% and a net margin of 10.74%. The company had revenue of $323.67 million for the quarter, compared to analyst estimates of $322.90 million. During the same quarter in the prior year, the firm posted $0.68 EPS. Diodes’s quarterly revenue was up .8% compared to the same quarter last year. Equities analysts forecast that Diodes will post 2.9 EPS for the current year.

In other news, CFO Brett R. Whitmire sold 2,093 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $38.00, for a total transaction of $79,534.00. Following the transaction, the chief financial officer now owns 16,000 shares in the company, valued at $608,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Emily Yang sold 1,731 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $40.71, for a total value of $70,469.01. Following the transaction, the vice president now owns 46,961 shares in the company, valued at approximately $1,911,782.31. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,652 shares of company stock worth $611,307. Insiders own 5.30% of the company’s stock.

Several institutional investors have recently made changes to their positions in DIOD. Squar Milner Financial Services LLC purchased a new position in shares of Diodes during the third quarter valued at $26,000. Sandy Spring Bank purchased a new position in shares of Diodes during the second quarter valued at $36,000. C M Bidwell & Associates Ltd. purchased a new position in shares of Diodes during the second quarter valued at $47,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Diodes by 58.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,204 shares of the semiconductor company’s stock valued at $117,000 after buying an additional 1,186 shares during the period. Finally, Riverhead Capital Management LLC increased its stake in shares of Diodes by 11.5% during the second quarter. Riverhead Capital Management LLC now owns 3,869 shares of the semiconductor company’s stock valued at $141,000 after buying an additional 400 shares during the period. Hedge funds and other institutional investors own 81.19% of the company’s stock.

About Diodes

Diodes Incorporated, together with its subsidiaries, designs, manufactures, and supplies application-specific standard products in the discrete, logic, and analog and mixed-signal semiconductor markets in Asia, North America, and Europe. It primarily focuses on low pin count semiconductor devices with one or more active or passive components.

Recommended Story: Why is the price target of stocks important?

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