Diodes Incorporated (NASDAQ:DIOD) has been given a consensus rating of “Buy” by the six ratings firms that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $55.00.

Several research analysts have recently issued reports on the company. Wells Fargo & Co assumed coverage on Diodes in a research note on Monday, August 19th. They issued an “outperform” rating and a $55.00 price objective for the company. ValuEngine cut Diodes from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. BidaskClub upgraded Diodes from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Finally, Zacks Investment Research cut Diodes from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th.

Diodes stock opened at $42.59 on Wednesday. The stock has a 50-day moving average of $40.13 and a two-hundred day moving average of $37.43. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.94 and a current ratio of 2.75. Diodes has a one year low of $27.38 and a one year high of $44.27. The stock has a market cap of $2.15 billion, a PE ratio of 17.89 and a beta of 1.28.

Diodes (NASDAQ:DIOD) last released its quarterly earnings results on Monday, August 5th. The semiconductor company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.02. Diodes had a return on equity of 14.32% and a net margin of 10.19%. The company had revenue of $322.00 million during the quarter, compared to analysts’ expectations of $320.20 million. During the same period last year, the business posted $0.58 earnings per share. The firm’s revenue was up 5.9% compared to the same quarter last year. As a group, sell-side analysts predict that Diodes will post 2.85 EPS for the current fiscal year.

In other news, CFO Brett R. Whitmire sold 2,093 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $38.00, for a total value of $79,534.00. Following the completion of the transaction, the chief financial officer now directly owns 16,000 shares in the company, valued at $608,000. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Emily Yang sold 1,731 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $40.71, for a total value of $70,469.01. Following the completion of the transaction, the vice president now owns 46,961 shares of the company’s stock, valued at $1,911,782.31. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,151 shares of company stock valued at $380,982. Company insiders own 5.30% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Squar Milner Financial Services LLC acquired a new stake in Diodes during the third quarter worth about $26,000. Sandy Spring Bank acquired a new stake in Diodes during the second quarter worth about $36,000. C M Bidwell & Associates Ltd. acquired a new stake in Diodes during the second quarter worth about $47,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Diodes by 58.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,204 shares of the semiconductor company’s stock worth $117,000 after acquiring an additional 1,186 shares during the period. Finally, Riverhead Capital Management LLC grew its holdings in Diodes by 11.5% during the second quarter. Riverhead Capital Management LLC now owns 3,869 shares of the semiconductor company’s stock worth $141,000 after acquiring an additional 400 shares during the period. 80.70% of the stock is currently owned by hedge funds and other institutional investors.

About Diodes

Diodes Incorporated, together with its subsidiaries, designs, manufactures, and supplies application-specific standard products in the discrete, logic, and analog and mixed-signal semiconductor markets in Asia, North America, and Europe. It primarily focuses on low pin count semiconductor devices with one or more active or passive components.

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