Diodes (DIOD) Upgraded to Hold by BidaskClub
BidaskClub upgraded shares of Diodes (NASDAQ:DIOD) from a sell rating to a hold rating in a report released on Saturday morning.
Other equities analysts also recently issued research reports about the company. Zacks Investment Research upgraded Diodes from a sell rating to a hold rating in a report on Tuesday, January 2nd. Sidoti upgraded Diodes from a neutral rating to a buy rating and set a $36.00 target price on the stock in a report on Thursday, December 14th. They noted that the move was a valuation call. Robert W. Baird reiterated a buy rating and issued a $37.00 target price on shares of Diodes in a report on Tuesday, October 17th. ValuEngine downgraded Diodes from a buy rating to a hold rating in a report on Wednesday, November 15th. Finally, Benchmark downgraded Diodes from a buy rating to a hold rating in a report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $37.00.
Diodes (DIOD) traded up $0.80 during mid-day trading on Friday, reaching $30.85. 587,123 shares of the company’s stock were exchanged, compared to its average volume of 230,601. The company has a quick ratio of 2.18, a current ratio of 3.12 and a debt-to-equity ratio of 0.34. Diodes has a 52 week low of $22.06 and a 52 week high of $35.36. The stock has a market capitalization of $1,523.68, a price-to-earnings ratio of 28.05 and a beta of 1.17.
In related news, major shareholder Semiconductor Corp Lite-On sold 1,379 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $32.00, for a total value of $44,128.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Clemente Beltran sold 4,993 shares of the stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $35.00, for a total value of $174,755.00. Following the completion of the transaction, the vice president now owns 31,256 shares in the company, valued at approximately $1,093,960. The disclosure for this sale can be found here. Insiders sold 141,071 shares of company stock worth $4,429,570 in the last 90 days. 7.00% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in DIOD. SG Americas Securities LLC acquired a new position in Diodes in the third quarter worth approximately $167,000. Crossmark Global Holdings Inc. acquired a new position in Diodes in the third quarter worth approximately $206,000. Piedmont Investment Advisors LLC acquired a new position in Diodes in the third quarter worth approximately $250,000. Virtu KCG Holdings LLC increased its holdings in Diodes by 8.0% in the second quarter. Virtu KCG Holdings LLC now owns 10,997 shares of the semiconductor company’s stock worth $264,000 after buying an additional 815 shares during the last quarter. Finally, Petrus Trust Company LTA acquired a new position in Diodes in the second quarter worth approximately $291,000. Hedge funds and other institutional investors own 74.70% of the company’s stock.
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Diodes Company Profile
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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