BidaskClub Upgrades Diodes (DIOD) to “Sell”

Diodes (NASDAQ:DIOD) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Friday.

A number of other analysts have also recently commented on the company. Sidoti upgraded Diodes from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 19th. ValuEngine upgraded Diodes from a “sell” rating to a “hold” rating in a research report on Sunday, October 14th. Finally, Zacks Investment Research cut Diodes from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $38.00.

Shares of DIOD opened at $31.75 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.60 and a quick ratio of 1.66. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 23.18 and a beta of 0.98. Diodes has a 52 week low of $26.09 and a 52 week high of $39.31.

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

In other news, VP Francis Tang sold 6,560 shares of the company’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $38.90, for a total value of $255,184.00. Following the completion of the transaction, the vice president now owns 88,597 shares of the company’s stock, valued at $3,446,423.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Keh Shew Lu sold 48,248 shares of the company’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $38.32, for a total value of $1,848,863.36. Following the completion of the transaction, the chief executive officer now directly owns 620,304 shares of the company’s stock, valued at approximately $23,770,049.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 88,147 shares of company stock valued at $3,363,504. Corporate insiders own 6.70% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Amalgamated Bank bought a new position in shares of Diodes in the second quarter worth about $205,000. Fox Run Management L.L.C. bought a new position in shares of Diodes in the second quarter worth about $208,000. Xact Kapitalforvaltning AB bought a new position in shares of Diodes in the first quarter worth about $247,000. Meadow Creek Investment Management LLC boosted its stake in Diodes by 31.0% during the second quarter. Meadow Creek Investment Management LLC now owns 7,224 shares of the semiconductor company’s stock valued at $249,000 after buying an additional 1,708 shares during the last quarter. Finally, Verition Fund Management LLC bought a new position in Diodes during the second quarter valued at approximately $259,000. 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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