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.
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.
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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