TheStreet lowered shares of Diodes (NASDAQ:DIOD) from a b rating to a c rating in a research report sent to investors on Thursday morning.

A number of other equities analysts have also weighed in on DIOD. Robert W. Baird restated a buy rating and set a $37.00 price target on shares of Diodes in a research report on Tuesday, October 17th. Zacks Investment Research upgraded shares of Diodes from a hold rating to a strong-buy rating and set a $38.00 price target on the stock in a research report on Tuesday, October 17th. Benchmark lowered shares of Diodes from a buy rating to a hold rating in a research report on Monday, October 30th. ValuEngine lowered shares of Diodes from a buy rating to a hold rating in a research report on Wednesday, November 15th. Finally, BidaskClub lowered shares of Diodes from a hold rating to a sell rating in a research report on Wednesday, December 6th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $34.50.

Shares of Diodes (NASDAQ DIOD) opened at $29.22 on Thursday. Diodes has a 52-week low of $22.06 and a 52-week high of $35.36. The stock has a market cap of $1,430.00, a PE ratio of -584.40 and a beta of 1.05. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.68 and a quick ratio of 2.18.

Diodes (NASDAQ:DIOD) last announced its earnings results on Wednesday, February 7th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.02. Diodes had a negative net margin of 0.17% and a positive return on equity of 7.94%. The business had revenue of $268.43 million for the quarter, compared to analyst estimates of $270.62 million. During the same quarter last year, the business earned $0.15 earnings per share. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. sell-side analysts forecast that Diodes will post 1.95 EPS for the current year.

In other Diodes news, SVP Mark A. King sold 14,396 shares of Diodes stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $31.29, for a total transaction of $450,450.84. Following the transaction, the senior vice president now directly owns 94,719 shares of the company’s stock, valued at $2,963,757.51. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Semiconductor Corp Lite-On sold 7,247 shares of Diodes stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $30.36, for a total transaction of $220,018.92. Following the transaction, the insider now directly owns 7,772,425 shares in the company, valued at $235,970,823. The disclosure for this sale can be found here. Insiders have sold 114,530 shares of company stock worth $3,569,413 over the last 90 days. 7.00% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of DIOD. Russell Investments Group Ltd. raised its stake in Diodes by 552.8% during the third quarter. Russell Investments Group Ltd. now owns 398,514 shares of the semiconductor company’s stock worth $11,927,000 after purchasing an additional 337,471 shares during the period. Dimensional Fund Advisors LP raised its stake in Diodes by 7.0% during the third quarter. Dimensional Fund Advisors LP now owns 3,475,574 shares of the semiconductor company’s stock worth $104,023,000 after purchasing an additional 227,672 shares during the period. BlackRock Inc. raised its stake in Diodes by 4.2% during the fourth quarter. BlackRock Inc. now owns 5,080,603 shares of the semiconductor company’s stock worth $145,660,000 after purchasing an additional 204,420 shares during the period. Assenagon Asset Management S.A. purchased a new position in Diodes during the fourth quarter worth about $3,384,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in Diodes by 324.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 125,700 shares of the semiconductor company’s stock worth $3,021,000 after purchasing an additional 96,100 shares during the period. 74.74% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION NOTICE: This news story was posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this news story on another site, it was copied illegally and reposted in violation of United States & international copyright & trademark legislation. The original version of this news story can be viewed at https://theolympiareport.com/2018/02/12/diodes-diod-downgraded-by-thestreet-to-c.html.

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.

Receive News & Ratings for Diodes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diodes and related companies with MarketBeat.com's FREE daily email newsletter.