Diodes (DIOD) Downgraded by TheStreet to “C”
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.
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.
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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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