Diodes Incorporated (NASDAQ:DIOD) has been assigned an average recommendation of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $30.00.
A number of equities analysts have recently issued reports on the stock. BidaskClub upgraded shares of Diodes from a “sell” rating to a “hold” rating in a report on Monday, July 24th. Cleveland Research downgraded shares of Diodes from a “buy” rating to a “neutral” rating in a report on Thursday, July 20th. Zacks Investment Research downgraded shares of Diodes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $30.00 price target on shares of Diodes in a report on Friday, June 9th.
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Shares of Diodes (NASDAQ:DIOD) opened at 26.68 on Thursday. The stock’s 50 day moving average is $25.60 and its 200-day moving average is $24.92. The stock has a market cap of $1.29 billion, a PE ratio of 70.96 and a beta of 1.22. Diodes has a 1-year low of $18.67 and a 1-year high of $27.50.
Diodes (NASDAQ:DIOD) last announced its quarterly earnings results on Tuesday, August 8th. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.36. The business had revenue of $264.20 million during the quarter, compared to the consensus estimate of $261.15 million. Diodes had a net margin of 2.68% and a return on equity of 5.69%. The business’s revenue was up 11.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.20 EPS. On average, analysts predict that Diodes will post $1.30 EPS for the current fiscal year.
In other news, CEO Keh Shew Lu sold 29,126 shares of Diodes stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $26.38, for a total transaction of $768,343.88. Following the completion of the sale, the chief executive officer now directly owns 1,095,920 shares in the company, valued at $28,910,369.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Francis Tang sold 2,200 shares of Diodes stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $26.66, for a total transaction of $58,652.00. Following the sale, the vice president now owns 69,943 shares of the company’s stock, valued at $1,864,680.38. The disclosure for this sale can be found here. Insiders have sold a total of 284,513 shares of company stock valued at $7,428,620 over the last 90 days. 6.70% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of the company. State of Alaska Department of Revenue increased its stake in shares of Diodes by 1.0% in the first quarter. State of Alaska Department of Revenue now owns 4,210 shares of the semiconductor company’s stock worth $101,000 after buying an additional 40 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of Diodes by 0.6% in the second quarter. Louisiana State Employees Retirement System now owns 15,600 shares of the semiconductor company’s stock worth $375,000 after buying an additional 100 shares during the period. Arizona State Retirement System increased its stake in shares of Diodes by 0.5% in the second quarter. Arizona State Retirement System now owns 19,975 shares of the semiconductor company’s stock worth $480,000 after buying an additional 100 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Diodes by 1.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 12,325 shares of the semiconductor company’s stock worth $296,000 after buying an additional 148 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in shares of Diodes by 3.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,452 shares of the semiconductor company’s stock worth $166,000 after buying an additional 198 shares during the period. Institutional investors and hedge funds own 75.25% 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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