Media stories about Diodes (NASDAQ:DIOD) have been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Diodes earned a news impact score of 0.03 on Accern’s scale. Accern also gave press coverage about the semiconductor company an impact score of 45.2687087427014 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
Shares of Diodes (NASDAQ:DIOD) traded up 1.942% during midday trading on Thursday, hitting $34.915. 312,507 shares of the stock traded hands. Diodes has a 52 week low of $19.95 and a 52 week high of $34.94. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 66.127 and a beta of 1.26. The firm’s 50-day moving average is $30.24 and its 200 day moving average is $26.73.
Diodes (NASDAQ:DIOD) last announced its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported $0.36 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. Diodes had a return on equity of 5.64% and a net margin of 2.68%. The firm had revenue of $264.20 million during the quarter, compared to the consensus estimate of $261.15 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. The business’s revenue was up 11.8% on a year-over-year basis. Equities analysts forecast that Diodes will post $1.31 earnings per share for the current year.
Several equities analysts recently issued reports on the stock. Robert W. Baird reissued a “buy” rating and set a $37.00 price target on shares of Diodes in a report on Tuesday, October 17th. Zacks Investment Research upgraded shares of Diodes from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Friday, August 11th. BidaskClub cut shares of Diodes from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Sidoti initiated coverage on shares of Diodes in a research report on Thursday, September 21st. They issued a “neutral” rating and a $32.00 price objective for the company. Finally, Cleveland Research cut shares of Diodes from a “buy” rating to a “neutral” rating in a research report on Thursday, July 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Diodes presently has a consensus rating of “Hold” and an average target price of $35.67.
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In other news, major shareholder Semiconductor Corp Lite-On sold 1,184 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $27.01, for a total transaction of $31,979.84. Following the transaction, the insider now directly owns 7,879,291 shares of the company’s stock, valued at $212,819,649.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Keh Shew Lu sold 69,084 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $30.30, for a total value of $2,093,245.20. The disclosure for this sale can be found here. Insiders sold 634,859 shares of company stock valued at $18,360,650 in the last quarter. Corporate insiders own 7.00% of the company’s stock.
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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