Diodes (NASDAQ:DIOD) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Friday. The firm presently has a $31.00 target price on the semiconductor company’s stock. Zacks Investment Research‘s price target points to a potential upside of 6.09% from the company’s current price.

According to Zacks, “Diodes Incorporated is a leading manufacturer and supplier of high-quality discrete and analog semiconductor products, primarily to the communications, computing, industrial, consumer electronics and automotive markets. The Company’s corporate sales, marketing, engineering and logistics headquarters is located in Southern California, with two manufacturing facilities in Shanghai, China, a wafer fabrication plant in Kansas City, Missouri, engineering, sales, warehouse and logistics offices in Taipei, Taiwan and Hong Kong, and sales and support offices throughout the world. Diodes, Inc. recently acquired Anachip Corporation, a fabless analog IC company in Hsinchu Science Park, Taiwan. It’s product focus is on subminiature surface-mount discrete devices, analog power management ICs and Hall-effect sensors all of which are widely used in end-user equipment. “

A number of other research analysts have also recently issued reports on the stock. Benchmark upgraded shares of Diodes from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a report on Thursday. BidaskClub upgraded shares of Diodes from a “sell” rating to a “hold” rating in a report on Saturday, January 20th. Sidoti upgraded shares of Diodes from a “neutral” rating to a “buy” rating and set a $36.00 price objective for the company in a report on Thursday, December 14th. They noted that the move was a valuation call. ValuEngine cut shares of Diodes from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Finally, Robert W. Baird restated a “buy” rating and set a $37.00 price objective on shares of Diodes in a report on Tuesday, October 17th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $34.50.

Diodes (NASDAQ DIOD) opened at $29.22 on Friday. The stock 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 debt-to-equity ratio of 0.28, a quick ratio of 2.18 and a current ratio of 2.68. Diodes has a 1-year low of $22.06 and a 1-year high of $35.36.

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

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in Diodes during the third quarter worth $167,000. Crossmark Global Holdings Inc. acquired a new position in Diodes during the third quarter worth $206,000. Piedmont Investment Advisors LLC acquired a new position in Diodes during the third quarter worth $250,000. Virtu KCG Holdings LLC boosted its holdings in 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 acquired a new position in Diodes during the fourth quarter worth $354,000. Institutional investors and hedge funds own 74.74% of the company’s stock.

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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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