Diodes (DIOD) Raised to Sell at BidaskClub

BidaskClub upgraded shares of Diodes (NASDAQ:DIOD) from a strong sell rating to a sell rating in a research note released on Saturday.

Several other equities research analysts have also recently commented on the stock. Sidoti upgraded shares of Diodes from a neutral rating to a buy rating in a research report on Wednesday, September 19th. ValuEngine cut shares of Diodes from a buy rating to a hold rating in a research report on Friday, September 7th. Robert W. Baird boosted their price target on shares of Diodes from $37.00 to $42.00 and gave the stock an outperform rating in a research report on Tuesday, June 19th. Finally, Zacks Investment Research upgraded shares of Diodes from a hold rating to a buy rating and set a $38.00 price target on the stock in a research report on Tuesday, May 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of $38.00.

Shares of Diodes stock opened at $34.06 on Friday. The company has a current ratio of 2.60, a quick ratio of 1.66 and a debt-to-equity ratio of 0.18. Diodes has a 52 week low of $26.09 and a 52 week high of $39.31. The stock has a market capitalization of $1.72 billion, a price-to-earnings ratio of 24.86 and a beta of 0.95.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings results on Tuesday, August 7th. The semiconductor company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.53 by $0.05. Diodes had a net margin of 2.42% and a return on equity of 10.86%. The firm had revenue of $304.09 million for the quarter, compared to analysts’ expectations of $300.00 million. analysts predict that Diodes will post 2.17 earnings per share for the current year.

In other Diodes news, CEO Keh Shew Lu sold 48,248 shares of the business’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $38.32, for a total transaction of $1,848,863.36. Following the sale, the chief executive officer now owns 620,304 shares in the company, valued at approximately $23,770,049.28. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Francis Tang sold 4,708 shares of the business’s stock in a transaction dated Wednesday, July 18th. The stock was sold at an average price of $38.00, for a total value of $178,904.00. Following the sale, the vice president now owns 86,001 shares in the company, valued at approximately $3,268,038. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 97,551 shares of company stock worth $3,723,392. Corporate insiders own 6.70% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mackay Shields LLC acquired a new stake in Diodes during the 1st quarter worth about $204,000. Amalgamated Bank acquired a new stake in Diodes during the 2nd quarter worth about $205,000. Profund Advisors LLC acquired a new stake in Diodes during the 1st quarter worth about $207,000. Fox Run Management L.L.C. acquired a new stake in Diodes during the 2nd quarter worth about $208,000. Finally, Xact Kapitalforvaltning AB acquired a new stake in Diodes during the 1st quarter worth about $247,000. Hedge funds and other institutional investors own 75.62% of the company’s stock.

About Diodes

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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