Diodes (DIOD) Upgraded by BidaskClub to Buy

BidaskClub upgraded shares of Diodes (NASDAQ:DIOD) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.

DIOD has been the subject of a number of other research reports. Zacks Investment Research upgraded Diodes from a hold rating to a buy rating and set a $38.00 price objective for the company in a research note on Tuesday, May 29th. Robert W. Baird raised their price objective on Diodes from $37.00 to $42.00 and gave the company an outperform rating in a research note on Tuesday, June 19th. TheStreet upgraded Diodes from a c rating to a b rating in a research note on Wednesday, May 9th. Sidoti lowered Diodes from a buy rating to a neutral rating and set a $38.00 price objective for the company. in a research note on Thursday, June 7th. Finally, Longbow Research upgraded Diodes from a neutral rating to a buy rating in a research note on Thursday, April 19th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $38.00.

Shares of DIOD stock traded down $0.20 during trading hours on Friday, reaching $37.75. The company had a trading volume of 265,982 shares, compared to its average volume of 327,397. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.65 and a current ratio of 2.60. Diodes has a twelve month low of $26.09 and a twelve month high of $38.70. The firm has a market cap of $1.90 billion, a P/E ratio of 27.55 and a beta of 1.01.



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

In other Diodes news, VP Clemente Beltran sold 1,900 shares of the stock in a transaction that occurred on Wednesday, June 6th. The stock was sold at an average price of $37.00, for a total transaction of $70,300.00. Following the transaction, the vice president now owns 25,413 shares of the company’s stock, valued at approximately $940,281. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Francis Tang sold 4,696 shares of the stock in a transaction that occurred on Tuesday, July 24th. The stock was sold at an average price of $38.54, for a total value of $180,983.84. Following the transaction, the vice president now directly owns 86,293 shares in the company, valued at approximately $3,325,732.22. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 77,102 shares of company stock worth $2,690,314. 6.70% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. Federated Investors Inc. PA lifted its holdings in shares of Diodes by 32.0% in the 2nd quarter. Federated Investors Inc. PA now owns 166,531 shares of the semiconductor company’s stock worth $5,741,000 after purchasing an additional 40,414 shares during the last quarter. Meadow Creek Investment Management LLC lifted its holdings in shares of Diodes by 31.0% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 7,224 shares of the semiconductor company’s stock worth $249,000 after purchasing an additional 1,708 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Diodes by 4.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,968,874 shares of the semiconductor company’s stock worth $136,808,000 after purchasing an additional 163,479 shares during the last quarter. Brown Advisory Inc. bought a new stake in shares of Diodes in the 2nd quarter worth approximately $510,000. Finally, Legal & General Group Plc lifted its holdings in shares of Diodes by 6.5% in the 2nd quarter. Legal & General Group Plc now owns 86,497 shares of the semiconductor company’s stock worth $2,994,000 after purchasing an additional 5,260 shares during the last quarter. 77.07% of the stock is currently owned by institutional investors.

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 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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