Shares of Diodes Incorporated (NASDAQ:DIOD) have earned a consensus recommendation of “Buy” from the eight brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $39.00.
Several research analysts recently issued reports on DIOD shares. BidaskClub downgraded shares of Diodes from a “buy” rating to a “hold” rating in a research report on Saturday, August 4th. ValuEngine downgraded shares of Diodes from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. Finally, Sidoti upgraded shares of Diodes from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 19th.
In related news, CEO Keh Shew Lu sold 4,389 shares of the company’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $38.05, for a total transaction of $167,001.45. Following the transaction, the chief executive officer now owns 619,693 shares in the company, valued at approximately $23,579,318.65. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael Kuo-Chih Tsai sold 2,575 shares of the company’s stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $37.13, for a total transaction of $95,609.75. Following the transaction, the director now owns 37,625 shares in the company, valued at approximately $1,397,016.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 88,147 shares of company stock worth $3,363,504. 6.70% of the stock is owned by corporate insiders.
Shares of NASDAQ:DIOD opened at $34.40 on Wednesday. Diodes has a 52 week low of $26.09 and a 52 week high of $39.31. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.66 and a current ratio of 2.47. The firm has a market capitalization of $1.77 billion, a PE ratio of 25.11 and a beta of 1.06.
Diodes (NASDAQ:DIOD) last issued its earnings results on Tuesday, November 6th. The semiconductor company reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.05. Diodes had a net margin of 3.75% and a return on equity of 11.99%. The company had revenue of $320.90 million for the quarter, compared to the consensus estimate of $321.48 million. During the same quarter in the previous year, the company earned $0.45 EPS. The firm’s revenue for the quarter was up 12.5% compared to the same quarter last year. On average, sell-side analysts forecast that Diodes will post 2.17 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.
Read More: Retained Earnings
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.