Shares of Diodes Incorporated (NASDAQ:DIOD) have been assigned a consensus rating of “Buy” from the eight ratings firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $34.50.

Several analysts recently issued reports on DIOD shares. Zacks Investment Research downgraded Diodes from a “hold” rating to a “sell” rating in a report on Monday, December 25th. Benchmark downgraded Diodes from a “buy” rating to a “hold” rating in a report on Monday, October 30th. BidaskClub upgraded Diodes from a “sell” rating to a “hold” rating in a report on Saturday, January 20th. ValuEngine downgraded Diodes from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, Robert W. Baird restated a “buy” rating and set a $37.00 target price on shares of Diodes in a research note on Tuesday, October 17th.

In other news, SVP Mark A. King sold 10,169 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $31.80, for a total transaction of $323,374.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Semiconductor Corp Lite-On sold 7,247 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $30.36, for a total value of $220,018.92. Following the sale, the insider now owns 7,772,425 shares of the company’s stock, valued at $235,970,823. The disclosure for this sale can be found here. Insiders have sold 124,699 shares of company stock valued at $3,892,787 over the last 90 days. Insiders own 7.00% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of Diodes during the third quarter valued at about $167,000. Crossmark Global Holdings Inc. bought a new position in shares of Diodes during the third quarter worth about $206,000. Piedmont Investment Advisors LLC bought a new position in shares of Diodes during the third quarter worth about $250,000. Virtu KCG Holdings LLC lifted its position in shares of Diodes by 8.0% during the second quarter. Virtu KCG Holdings LLC now owns 10,997 shares of the semiconductor company’s stock worth $264,000 after purchasing an additional 815 shares during the last quarter. Finally, Capital One National Association bought a new position in shares of Diodes during the fourth quarter worth about $354,000. Institutional investors own 74.74% of the company’s stock.

Shares of Diodes (DIOD) traded up $1.24 during midday trading on Monday, reaching $29.22. The company had a trading volume of 824,160 shares, compared to its average volume of 311,620. Diodes has a 52-week low of $22.06 and a 52-week high of $35.36. The firm has a market cap of $1,500.00, a P/E ratio of -584.40 and a beta of 1.05. The company has a current ratio of 2.68, a quick ratio of 2.18 and a debt-to-equity ratio of 0.28.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings results on Wednesday, February 7th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.02. Diodes had a positive return on equity of 7.94% and a negative net margin of 0.17%. The firm had revenue of $268.43 million during the quarter, compared to the consensus estimate of $270.62 million. During the same period in the prior year, the firm earned $0.15 EPS. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. equities analysts predict that Diodes will post 1.95 earnings per share for the current fiscal year.

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About Diodes

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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