Diodes (DIOD) Rating Increased to Hold at ValuEngine

Diodes (NASDAQ:DIOD) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

Other equities research analysts also recently issued reports about the stock. BidaskClub downgraded shares of Diodes from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 9th. Zacks Investment Research downgraded shares of Diodes from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 24th. Finally, Sidoti raised shares of Diodes from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. Diodes has a consensus rating of “Hold” and a consensus target price of $38.00.

NASDAQ DIOD traded up $1.56 during mid-day trading on Thursday, reaching $31.75. 247,000 shares of the stock were exchanged, compared to its average volume of 328,548. Diodes has a one year low of $26.09 and a one year high of $39.31. The company has a market capitalization of $1.48 billion, a PE ratio of 23.18 and a beta of 0.98. The company has a quick ratio of 1.66, a current ratio of 2.60 and a debt-to-equity ratio of 0.18.

Diodes (NASDAQ:DIOD) last announced its earnings results on Tuesday, August 7th. The semiconductor company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Diodes had a net margin of 2.42% and a return on equity of 10.86%. The business had revenue of $304.09 million during the quarter, compared to the consensus estimate of $300.00 million. As a group, equities analysts expect that Diodes will post 2.17 earnings per share for the current fiscal year.

In other Diodes news, CEO Keh Shew Lu sold 4,389 shares of Diodes stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $38.05, for a total value of $167,001.45. Following the completion of the sale, the chief executive officer now directly owns 619,693 shares of the company’s stock, valued at $23,579,318.65. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Richard Dallas White sold 13,000 shares of Diodes stock in a transaction on Thursday, August 30th. The shares were sold at an average price of $37.88, for a total transaction of $492,440.00. Following the completion of the sale, the chief financial officer now directly owns 111,920 shares of the company’s stock, valued at $4,239,529.60. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 88,147 shares of company stock valued at $3,363,504. Insiders own 6.70% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of DIOD. BlackRock Inc. increased its position in shares of Diodes by 8.8% during the second quarter. BlackRock Inc. now owns 5,637,283 shares of the semiconductor company’s stock worth $194,317,000 after acquiring an additional 458,005 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Diodes by 4.3% during the second quarter. Dimensional Fund Advisors LP now owns 3,968,874 shares of the semiconductor company’s stock worth $136,808,000 after acquiring an additional 163,479 shares in the last quarter. Glenmede Trust Co. NA increased its position in shares of Diodes by 368,401.2% during the second quarter. Glenmede Trust Co. NA now owns 943,363 shares of the semiconductor company’s stock worth $32,518,000 after acquiring an additional 943,107 shares in the last quarter. Northern Trust Corp increased its position in shares of Diodes by 2.6% during the second quarter. Northern Trust Corp now owns 788,980 shares of the semiconductor company’s stock worth $27,197,000 after acquiring an additional 19,742 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Diodes by 82.5% during the second quarter. Wells Fargo & Company MN now owns 611,710 shares of the semiconductor company’s stock worth $21,085,000 after acquiring an additional 276,516 shares in the last quarter. 75.88% of the stock is owned by hedge funds and other institutional investors.

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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