Diodes (DIOD) Downgraded to “Sell” at BidaskClub

Diodes (NASDAQ:DIOD) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Friday.

A number of other equities analysts have also recently commented on DIOD. Zacks Investment Research upgraded shares of Diodes from a “hold” rating to a “strong-buy” rating and set a $41.00 target price on the stock in a research report on Friday, November 9th. ValuEngine raised shares of Diodes from a “sell” rating to a “hold” rating in a report on Thursday, November 1st. Finally, Sidoti raised shares of Diodes from a “neutral” rating to a “buy” rating in a report on Wednesday, September 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $38.75.

Shares of NASDAQ:DIOD opened at $32.19 on Friday. The firm has a market capitalization of $1.58 billion, a P/E ratio of 23.50 and a beta of 1.08. Diodes has a 52 week low of $26.09 and a 52 week high of $39.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.64 and a current ratio of 2.47.

Diodes (NASDAQ:DIOD) last issued its earnings results on Tuesday, November 6th. The semiconductor company reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.05. The company had revenue of $320.90 million for the quarter, compared to analysts’ expectations of $321.48 million. Diodes had a net margin of 3.75% and a return on equity of 11.99%. The firm’s revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.45 EPS. As a group, equities analysts forecast that Diodes will post 2.35 earnings per share for the current fiscal year.

In other Diodes news, Director C H. Chen sold 5,000 shares of the firm’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $35.26, for a total value of $176,300.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Keh Shew Lu sold 17,486 shares of the firm’s stock in a transaction on Friday, November 30th. The stock was sold at an average price of $34.55, for a total transaction of $604,141.30. Following the completion of the sale, the chief executive officer now directly owns 585,052 shares in the company, valued at approximately $20,213,546.60. The disclosure for this sale can be found here. In the last three months, insiders sold 50,486 shares of company stock worth $1,721,241. Insiders own 6.70% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Meeder Asset Management Inc. bought a new stake in shares of Diodes during the 3rd quarter valued at about $189,000. Verition Fund Management LLC bought a new stake in shares of Diodes during the 2nd quarter valued at about $259,000. Stevens Capital Management LP bought a new stake in shares of Diodes during the 3rd quarter valued at about $279,000. Jefferies Group LLC bought a new stake in shares of Diodes during the 3rd quarter valued at about $348,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Diodes by 1,722.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,916 shares of the semiconductor company’s stock valued at $376,000 after purchasing an additional 10,317 shares in the last quarter. 78.67% of the stock is currently owned by institutional investors and hedge funds.

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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