BidaskClub Lowers Diodes (NASDAQ:DIOD) to Hold

BidaskClub downgraded shares of Diodes (NASDAQ:DIOD) from a buy rating to a hold rating in a research note released on Tuesday morning, BidAskClub reports.

DIOD has been the topic of a number of other research reports. Wells Fargo & Co upped their target price on shares of Diodes from $53.00 to $58.00 and gave the company an overweight rating in a research report on Friday, December 20th. Zacks Investment Research cut shares of Diodes from a buy rating to a hold rating in a research report on Friday, January 3rd. Finally, ValuEngine cut shares of Diodes from a hold rating to a sell rating in a research report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $54.50.

Shares of DIOD stock traded down $2.32 on Tuesday, hitting $49.16. 24,255 shares of the stock traded hands, compared to its average volume of 415,748. The firm’s 50-day moving average price is $55.19 and its two-hundred day moving average price is $45.94. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.79 and a current ratio of 2.56. The stock has a market capitalization of $2.68 billion, a PE ratio of 18.69 and a beta of 1.34. Diodes has a twelve month low of $30.51 and a twelve month high of $59.70.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.02. Diodes had a net margin of 10.74% and a return on equity of 14.60%. The firm had revenue of $301.16 million for the quarter, compared to analysts’ expectations of $300.00 million. On average, equities research analysts anticipate that Diodes will post 2.9 EPS for the current fiscal year.

In other Diodes news, insider Richard Dallas White sold 23,500 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $49.34, for a total transaction of $1,159,490.00. Following the sale, the insider now directly owns 88,806 shares in the company, valued at $4,381,688.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Keh Shew Lu sold 35,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $49.60, for a total transaction of $1,736,000.00. Following the sale, the chief executive officer now owns 573,359 shares in the company, valued at $28,438,606.40. The disclosure for this sale can be found here. Insiders sold 118,282 shares of company stock worth $5,688,295 in the last ninety days. 5.30% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the business. Squar Milner Financial Services LLC purchased a new stake in Diodes during the third quarter worth about $26,000. Carroll Financial Associates Inc. purchased a new stake in Diodes during the fourth quarter worth about $44,000. Penserra Capital Management LLC purchased a new stake in Diodes during the third quarter worth about $50,000. Rockefeller Capital Management L.P. increased its stake in Diodes by 24.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,405 shares of the semiconductor company’s stock worth $79,000 after purchasing an additional 275 shares during the period. Finally, Tower Research Capital LLC TRC purchased a new stake in Diodes during the fourth quarter worth about $133,000. Institutional investors own 83.41% of the company’s stock.

Diodes Company Profile

Diodes Incorporated, together with its subsidiaries, designs, manufactures, and supplies application-specific standard products in the discrete, logic, and analog and mixed-signal semiconductor markets in Asia, North America, and Europe. It primarily focuses on low pin count semiconductor devices with one or more active or passive components.

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