Shares of Diodes Incorporated (NASDAQ:DIOD) have earned a consensus rating of “Buy” from the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $36.75.
Several equities analysts recently issued reports on the stock. BidaskClub raised shares of Diodes from a “hold” rating to a “buy” rating in a research note on Friday, May 18th. Longbow Research raised shares of Diodes from a “neutral” rating to a “buy” rating in a research note on Thursday, April 19th. Zacks Investment Research downgraded shares of Diodes from a “buy” rating to a “hold” rating in a research note on Tuesday, April 10th. Sidoti downgraded shares of Diodes from a “buy” rating to a “neutral” rating and set a $38.00 price objective on the stock. in a research note on Thursday, June 7th. Finally, ValuEngine downgraded shares of Diodes from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th.
In other news, VP Clemente Beltran sold 1,900 shares of the firm’s stock in a transaction on Wednesday, June 6th. The shares were sold at an average price of $37.00, for a total value of $70,300.00. Following the transaction, the vice president now owns 25,413 shares of the company’s stock, valued at approximately $940,281. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Francis Tang sold 8,600 shares of the firm’s stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $33.41, for a total transaction of $287,326.00. Following the completion of the transaction, the vice president now directly owns 86,279 shares in the company, valued at approximately $2,882,581.39. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 91,219 shares of company stock worth $3,105,731. 6.70% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the company. Delpha Capital Management LLC purchased a new position in shares of Diodes in the 4th quarter valued at $143,000. Cornerstone Capital Management Holdings LLC. purchased a new position in shares of Diodes in the 4th quarter valued at $166,000. Mackay Shields LLC purchased a new position in shares of Diodes in the 1st quarter valued at $204,000. Profund Advisors LLC purchased a new position in shares of Diodes in the 1st quarter valued at $207,000. Finally, Xact Kapitalforvaltning AB purchased a new position in shares of Diodes in the 1st quarter valued at $247,000. 76.26% of the stock is currently owned by institutional investors and hedge funds.
Shares of Diodes opened at $35.81 on Friday, according to Marketbeat Ratings. The company has a current ratio of 2.64, a quick ratio of 1.65 and a debt-to-equity ratio of 0.22. The company has a market cap of $1.78 billion, a P/E ratio of 26.14 and a beta of 0.93. Diodes has a 1 year low of $23.51 and a 1 year high of $37.37.
Diodes (NASDAQ:DIOD) last announced its quarterly earnings data on Tuesday, May 8th. The semiconductor company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.08. The business had revenue of $274.51 million for the quarter, compared to the consensus estimate of $269.38 million. Diodes had a net margin of 1.42% and a return on equity of 9.73%. The company’s quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.14 earnings per share. equities analysts predict that Diodes will post 2 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.
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.