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.

Diodes (NASDAQ:DIOD) last issued its earnings results on Tuesday, November 7th. The semiconductor company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The company had revenue of $285.20 million for the quarter, compared to the consensus estimate of $281.66 million. Diodes had a return on equity of 6.44% and a net margin of 2.96%. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.30 EPS. analysts forecast that Diodes will post 1.35 EPS for the current year.

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.

Analyst Recommendations for Diodes (NASDAQ:DIOD)

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