Shares of Diodes Incorporated (NASDAQ:DIOD) have been assigned an average recommendation of “Hold” from the seven analysts that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company.
Several brokerages recently commented on DIOD. BidaskClub raised Diodes from a “hold” rating to a “buy” rating in a research report on Friday, February 15th. Robert W. Baird cut Diodes from an “outperform” rating to a “neutral” rating in a research report on Wednesday, February 27th. ValuEngine cut Diodes from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Finally, Zacks Investment Research cut Diodes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 8th.
In other Diodes news, CFO Richard Dallas White sold 31,149 shares of Diodes stock in a transaction on Friday, February 15th. The stock was sold at an average price of $41.19, for a total transaction of $1,283,027.31. Following the completion of the transaction, the chief financial officer now directly owns 113,920 shares of the company’s stock, valued at $4,692,364.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Keh Shew Lu sold 42,804 shares of Diodes stock in a transaction on Wednesday, February 6th. The shares were sold at an average price of $35.37, for a total value of $1,513,977.48. Following the transaction, the chief executive officer now directly owns 601,566 shares of the company’s stock, valued at $21,277,389.42. The disclosure for this sale can be found here. Over the last three months, insiders have sold 223,400 shares of company stock valued at $8,492,676. Company insiders own 6.70% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of DIOD. Norges Bank bought a new position in shares of Diodes during the fourth quarter valued at $35,112,000. LSV Asset Management raised its holdings in shares of Diodes by 216.7% in the fourth quarter. LSV Asset Management now owns 1,410,462 shares of the semiconductor company’s stock valued at $45,501,000 after buying an additional 965,112 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of Diodes in the third quarter valued at about $26,780,000. BlackRock Inc. raised its holdings in shares of Diodes by 8.4% in the third quarter. BlackRock Inc. now owns 6,111,423 shares of the semiconductor company’s stock valued at $203,450,000 after buying an additional 474,140 shares during the last quarter. Finally, Vanguard Group Inc raised its holdings in shares of Diodes by 8.6% in the third quarter. Vanguard Group Inc now owns 4,302,567 shares of the semiconductor company’s stock valued at $143,232,000 after buying an additional 340,281 shares during the last quarter. 80.78% of the stock is owned by institutional investors.
DIOD stock traded up $0.65 during midday trading on Tuesday, hitting $37.66. The stock had a trading volume of 697,359 shares, compared to its average volume of 409,209. The stock has a market cap of $1.95 billion, a P/E ratio of 15.82 and a beta of 1.10. Diodes has a 52 week low of $27.38 and a 52 week high of $44.27. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.89 and a quick ratio of 2.04.
Diodes (NASDAQ:DIOD) last issued its earnings results on Wednesday, February 13th. The semiconductor company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.62 by $0.03. The firm had revenue of $314.40 million during the quarter, compared to analysts’ expectations of $313.21 million. Diodes had a return on equity of 12.89% and a net margin of 8.57%. Diodes’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same period last year, the business earned $0.42 earnings per share. Equities research analysts anticipate that Diodes will post 2.5 EPS for the current year.
Diodes Incorporated, together with its subsidiaries, designs, manufactures, and supplies application-specific standard products in the discrete, logic, and analog and mixed semiconductor markets in Asia, North America, Europe, and internationally. It primarily focuses on low pin count semiconductor devices with one or more active or passive components.
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