Diodes Incorporated (DIOD) Receives $36.50 Consensus Price Target from Analysts

Diodes Incorporated (NASDAQ:DIOD) has been assigned an average rating of “Hold” from the eight research firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $36.50.

Several brokerages have recently weighed in on DIOD. Benchmark downgraded Diodes from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Robert W. Baird reiterated a “buy” rating and set a $37.00 price target on shares of Diodes in a research report on Tuesday, October 17th. Zacks Investment Research upgraded Diodes from a “hold” rating to a “strong-buy” rating and set a $38.00 price target for the company in a research report on Tuesday, October 17th. ValuEngine cut Diodes from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Finally, BidaskClub cut Diodes from a “hold” rating to a “sell” rating in a research report on Thursday.

Shares of Diodes (NASDAQ DIOD) traded up $0.32 during trading hours on Thursday, reaching $29.92. The company’s stock had a trading volume of 201,716 shares, compared to its average volume of 278,981. Diodes has a one year low of $22.06 and a one year high of $35.36. The firm has a market capitalization of $1,477.75, a P/E ratio of 49.87 and a beta of 1.17. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.12 and a quick ratio of 2.18.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings results on Tuesday, November 7th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $281.66 million. During the same period in the previous year, the company posted $0.30 earnings per share. Diodes’s revenue for the quarter was up 13.8% on a year-over-year basis. equities research analysts anticipate that Diodes will post 1.35 EPS for the current year.

In other Diodes news, VP Clemente Beltran sold 4,993 shares of the company’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $35.00, for a total value of $174,755.00. Following the completion of the sale, the vice president now directly owns 31,256 shares in the company, valued at approximately $1,093,960. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Semiconductor Corp Lite-On sold 1,379 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $32.00, for a total value of $44,128.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 141,071 shares of company stock valued at $4,429,570. 7.00% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the business. Legal & General Group Plc lifted its stake in shares of Diodes by 9.1% in the 2nd quarter. Legal & General Group Plc now owns 71,014 shares of the semiconductor company’s stock valued at $1,707,000 after purchasing an additional 5,922 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of Diodes by 50.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 14,429 shares of the semiconductor company’s stock valued at $347,000 after purchasing an additional 4,826 shares during the last quarter. Federated Investors Inc. PA raised its position in Diodes by 7,604.4% in the 2nd quarter. Federated Investors Inc. PA now owns 19,184 shares of the semiconductor company’s stock valued at $461,000 after purchasing an additional 18,935 shares in the last quarter. Prudential Financial Inc. raised its position in Diodes by 123.1% in the 2nd quarter. Prudential Financial Inc. now owns 155,346 shares of the semiconductor company’s stock valued at $3,733,000 after purchasing an additional 85,720 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in Diodes by 4.2% in the 2nd quarter. Principal Financial Group Inc. now owns 302,312 shares of the semiconductor company’s stock valued at $7,265,000 after purchasing an additional 12,276 shares in the last quarter. Institutional investors own 74.70% of the company’s stock.

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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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