Diodes Incorporated (DIOD) Given Consensus Recommendation of “Buy” by Analysts

Diodes Incorporated (NASDAQ:DIOD) has been assigned a consensus rating of “Buy” from the seven brokerages that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company.

DIOD has been the topic of a number of research reports. BidaskClub upgraded shares of Diodes from a “hold” rating to a “buy” rating in a research note on Friday, February 15th. Zacks Investment Research raised shares of Diodes from a “hold” rating to a “strong-buy” rating and set a $41.00 price target on the stock in a research note on Friday, November 9th. Robert W. Baird reaffirmed a “buy” rating on shares of Diodes in a research note on Friday, January 11th. Finally, ValuEngine upgraded shares of Diodes from a “sell” rating to a “hold” rating in a research report on Thursday, November 1st.

In other Diodes news, VP Clemente Beltran sold 1,858 shares of the firm’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $41.61, for a total value of $77,311.38. Following the sale, the vice president now directly owns 24,867 shares in the company, valued at $1,034,715.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Keh Shew Lu sold 28,000 shares of the firm’s stock in a transaction on Monday, November 26th. The shares were sold at an average price of $33.60, for a total value of $940,800.00. Following the completion of the sale, the chief executive officer now owns 607,052 shares in the company, valued at $20,396,947.20. The disclosure for this sale can be found here. Insiders sold 258,027 shares of company stock worth $9,551,825 in the last 90 days. 6.70% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Piedmont Investment Advisors Inc. lifted its holdings in Diodes by 3.6% in the 4th quarter. Piedmont Investment Advisors Inc. now owns 9,450 shares of the semiconductor company’s stock worth $305,000 after purchasing an additional 326 shares during the last quarter. Comerica Bank grew its position in Diodes by 0.9% in the fourth quarter. Comerica Bank now owns 38,885 shares of the semiconductor company’s stock valued at $1,254,000 after acquiring an additional 358 shares during the period. State of Alaska Department of Revenue boosted its stake in Diodes by 4.1% in the fourth quarter. State of Alaska Department of Revenue now owns 13,267 shares of the semiconductor company’s stock worth $427,000 after purchasing an additional 525 shares in the last quarter. Stone Ridge Asset Management LLC lifted its stake in shares of Diodes by 3.1% during the fourth quarter. Stone Ridge Asset Management LLC now owns 22,569 shares of the semiconductor company’s stock valued at $728,000 after acquiring an additional 688 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Diodes during the fourth quarter valued at $26,000. 80.11% of the stock is currently owned by hedge funds and other institutional investors.

DIOD stock traded up $0.50 during mid-day trading on Friday, hitting $41.11. The company had a trading volume of 302,992 shares, compared to its average volume of 404,423. Diodes has a 12-month low of $27.38 and a 12-month high of $42.61. The company has a quick ratio of 2.04, a current ratio of 2.89 and a debt-to-equity ratio of 0.19. The stock has a market cap of $2.07 billion, a P/E ratio of 17.27 and a beta of 1.04.

Diodes (NASDAQ:DIOD) last issued its earnings results on Wednesday, February 13th. The semiconductor company reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.03. Diodes had a net margin of 8.57% and a return on equity of 12.89%. The business had revenue of $314.40 million for the quarter, compared to the consensus estimate of $313.21 million. During the same period in the prior year, the firm earned $0.42 EPS. The company’s revenue for the quarter was up 17.1% compared to the same quarter last year. On average, analysts anticipate that Diodes will post 2.5 EPS for the current fiscal year.

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.

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