Diodes Incorporated (DIOD) Receives $38.00 Average Target Price from Analysts

Diodes Incorporated (NASDAQ:DIOD) has received a consensus rating of “Buy” from the eight ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $39.00.

A number of brokerages have recently weighed in on DIOD. BidaskClub cut shares of Diodes from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 9th. Zacks Investment Research upgraded shares of Diodes from a “hold” rating to a “strong-buy” rating and set a $41.00 price objective for the company in a research note on Friday. ValuEngine upgraded shares of Diodes from a “sell” rating to a “hold” rating in a research note on Sunday, October 14th. Finally, Sidoti upgraded shares of Diodes from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 19th.

Shares of Diodes stock opened at $34.40 on Wednesday. The company has a quick ratio of 1.66, a current ratio of 2.47 and a debt-to-equity ratio of 0.15. Diodes has a 1-year low of $26.09 and a 1-year high of $39.31. The firm has a market capitalization of $1.77 billion, a PE ratio of 25.11 and a beta of 1.06.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Tuesday, November 6th. The semiconductor company reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.05. Diodes had a net margin of 3.75% and a return on equity of 11.99%. The business had revenue of $320.90 million during the quarter, compared to analysts’ expectations of $321.48 million. During the same period in the previous year, the company earned $0.45 earnings per share. Diodes’s revenue for the quarter was up 12.5% on a year-over-year basis. As a group, analysts anticipate that Diodes will post 2.17 EPS for the current year.

In related news, CEO Keh Shew Lu sold 48,248 shares of the business’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $38.32, for a total transaction of $1,848,863.36. Following the transaction, the chief executive officer now owns 620,304 shares of the company’s stock, valued at $23,770,049.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Kuo-Chih Tsai sold 2,575 shares of the business’s stock in a transaction on Tuesday, August 21st. The stock was sold at an average price of $37.13, for a total transaction of $95,609.75. Following the transaction, the director now directly owns 37,625 shares in the company, valued at approximately $1,397,016.25. The disclosure for this sale can be found here. Insiders sold 88,147 shares of company stock valued at $3,363,504 over the last 90 days. 6.70% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the stock. Pettee Investors Inc. increased its position in Diodes by 7.4% during the second quarter. Pettee Investors Inc. now owns 22,743 shares of the semiconductor company’s stock worth $784,000 after acquiring an additional 1,568 shares during the period. Meadow Creek Investment Management LLC increased its holdings in Diodes by 31.0% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 7,224 shares of the semiconductor company’s stock valued at $249,000 after buying an additional 1,708 shares during the period. James Investment Research Inc. increased its holdings in Diodes by 2.9% in the 3rd quarter. James Investment Research Inc. now owns 67,340 shares of the semiconductor company’s stock valued at $2,242,000 after buying an additional 1,915 shares during the period. United Services Automobile Association increased its holdings in Diodes by 0.8% in the 2nd quarter. United Services Automobile Association now owns 263,176 shares of the semiconductor company’s stock valued at $9,072,000 after buying an additional 2,139 shares during the period. Finally, Smith Asset Management Group LP increased its holdings in Diodes by 3.6% in the 3rd quarter. Smith Asset Management Group LP now owns 64,850 shares of the semiconductor company’s stock valued at $2,159,000 after buying an additional 2,280 shares during the period. 75.96% of the stock is currently owned by institutional investors and hedge funds.

Diodes Company Profile

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

Read More: Understanding the different types of bonds

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit