Diodes (NASDAQ:DIOD) had its target price lowered by Wells Fargo & Co from $55.00 to $53.00 in a research note issued to investors on Tuesday morning, Stock Target Advisor reports. The firm currently has an outperform rating on the semiconductor company’s stock.
Other research analysts have also issued research reports about the stock. BidaskClub upgraded shares of Diodes from a buy rating to a strong-buy rating in a research report on Wednesday, October 16th. ValuEngine lowered shares of Diodes from a buy rating to a hold rating in a research report on Friday, August 2nd. Finally, Zacks Investment Research lowered shares of Diodes from a buy rating to a hold rating in a research report on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $52.00.
Shares of NASDAQ:DIOD opened at $45.71 on Tuesday. The company’s 50 day moving average price is $42.44 and its two-hundred day moving average price is $38.07. Diodes has a 12-month low of $29.88 and a 12-month high of $49.36. The firm has a market cap of $2.38 billion, a PE ratio of 19.21 and a beta of 1.30. The company has a quick ratio of 1.94, a current ratio of 2.56 and a debt-to-equity ratio of 0.08.
Diodes (NASDAQ:DIOD) last announced its earnings results on Monday, November 4th. The semiconductor company reported $0.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.03. Diodes had a net margin of 10.74% and a return on equity of 14.60%. The firm had revenue of $323.67 million for the quarter, compared to analyst estimates of $322.90 million. During the same quarter in the prior year, the business posted $0.68 EPS. The business’s revenue was up .8% compared to the same quarter last year. On average, research analysts expect that Diodes will post 2.9 EPS for the current year.
In related news, VP Julie Holland sold 6,263 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $47.98, for a total transaction of $300,498.74. Following the sale, the vice president now owns 74,968 shares in the company, valued at approximately $3,596,964.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brett R. Whitmire sold 2,093 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $38.00, for a total transaction of $79,534.00. Following the sale, the chief financial officer now owns 16,000 shares in the company, valued at approximately $608,000. The disclosure for this sale can be found here. Insiders have sold a total of 13,652 shares of company stock worth $611,307 in the last quarter. 5.30% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BBVA USA Bancshares Inc. acquired a new stake in shares of Diodes during the 3rd quarter worth approximately $1,195,000. Mason Street Advisors LLC boosted its position in shares of Diodes by 5.1% during the 3rd quarter. Mason Street Advisors LLC now owns 14,026 shares of the semiconductor company’s stock worth $563,000 after acquiring an additional 679 shares in the last quarter. Keybank National Association OH acquired a new stake in shares of Diodes during the 3rd quarter worth approximately $385,000. Congress Asset Management Co. MA acquired a new stake in shares of Diodes during the 3rd quarter worth approximately $87,623,000. Finally, Russell Investments Group Ltd. boosted its position in shares of Diodes by 296.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 107,059 shares of the semiconductor company’s stock worth $4,295,000 after acquiring an additional 80,022 shares in the last quarter. Institutional investors and hedge funds own 81.19% of the company’s stock.
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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