Diodes Incorporated (DIOD) Receives $38.00 Consensus Price Target from Analysts

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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.

A number of hedge funds and other institutional investors have recently modified their holdings of DIOD. Glenmede Trust Co. NA lifted its position in Diodes by 368,401.2% during the 2nd quarter. Glenmede Trust Co. NA now owns 943,363 shares of the semiconductor company’s stock worth $32,518,000 after buying an additional 943,107 shares in the last quarter. BlackRock Inc. lifted its position in Diodes by 8.4% during the 3rd quarter. BlackRock Inc. now owns 6,111,423 shares of the semiconductor company’s stock valued at $203,450,000 after purchasing an additional 474,140 shares during the period. LSV Asset Management lifted its position in Diodes by 317.0% during the 3rd quarter. LSV Asset Management now owns 445,350 shares of the semiconductor company’s stock valued at $14,825,000 after purchasing an additional 338,550 shares during the period. Wells Fargo & Company MN lifted its position in Diodes by 82.5% during the 2nd quarter. Wells Fargo & Company MN now owns 611,710 shares of the semiconductor company’s stock valued at $21,085,000 after purchasing an additional 276,516 shares during the period. Finally, Fisher Asset Management LLC acquired a new position in Diodes during the 2nd quarter valued at about $8,311,000. Institutional investors and hedge funds own 75.96% of the company’s stock.

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.

About Diodes

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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