Diodes (DIOD) – Analysts’ Recent Ratings Changes

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Several brokerages have updated their recommendations and price targets on shares of Diodes (NASDAQ: DIOD) in the last few weeks:

  • 8/7/2019 – Diodes was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $43.00 price target on the stock. According to Zacks, “Diodes Incorporated is a leading manufacturer and supplier of high-quality discrete and analog semiconductor products, primarily to the communications, computing, industrial, consumer electronics and automotive markets. The Company’s corporate sales, marketing, engineering and logistics headquarters is located in Southern California, with two manufacturing facilities in Shanghai, China, a wafer fabrication plant in Kansas City, Missouri, engineering, sales, warehouse and logistics offices in Taipei, Taiwan and Hong Kong, and sales and support offices throughout the world. Diodes, Inc. recently acquired Anachip Corporation, a fabless analog IC company in Hsinchu Science Park, Taiwan. It’s product focus is on subminiature surface-mount discrete devices, analog power management ICs and Hall-effect sensors all of which are widely used in end-user equipment. “
  • 8/2/2019 – Diodes was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 8/2/2019 – Diodes was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 7/27/2019 – Diodes was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 7/23/2019 – Diodes was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/9/2019 – Diodes was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Diodes Incorporated is a leading manufacturer and supplier of high-quality discrete and analog semiconductor products, primarily to the communications, computing, industrial, consumer electronics and automotive markets. The Company’s corporate sales, marketing, engineering and logistics headquarters is located in Southern California, with two manufacturing facilities in Shanghai, China, a wafer fabrication plant in Kansas City, Missouri, engineering, sales, warehouse and logistics offices in Taipei, Taiwan and Hong Kong, and sales and support offices throughout the world. Diodes, Inc. recently acquired Anachip Corporation, a fabless analog IC company in Hsinchu Science Park, Taiwan. It’s product focus is on subminiature surface-mount discrete devices, analog power management ICs and Hall-effect sensors all of which are widely used in end-user equipment. “

Shares of DIOD stock traded up $0.07 during trading hours on Thursday, reaching $36.52. 366,300 shares of the company’s stock were exchanged, compared to its average volume of 423,449. The firm has a market cap of $1.86 billion, a P/E ratio of 15.34 and a beta of 1.22. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.94 and a current ratio of 2.75. The business’s 50 day simple moving average is $38.21. Diodes Incorporated has a 1 year low of $27.38 and a 1 year high of $44.27.

Diodes (NASDAQ:DIOD) last released its quarterly earnings data on Monday, August 5th. The semiconductor company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.75 by $0.02. Diodes had a return on equity of 14.32% and a net margin of 10.19%. The company had revenue of $322.00 million for the quarter, compared to analyst estimates of $320.20 million. During the same period last year, the company posted $0.58 earnings per share. The firm’s revenue was up 5.9% compared to the same quarter last year. Sell-side analysts forecast that Diodes Incorporated will post 2.85 EPS for the current fiscal year.

In related news, VP Evan Yu sold 4,830 shares of Diodes stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $43.50, for a total value of $210,105.00. Following the completion of the transaction, the vice president now directly owns 44,026 shares in the company, valued at $1,915,131. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brett R. Whitmire sold 2,093 shares of Diodes stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $38.00, for a total value of $79,534.00. Following the completion of the transaction, the chief financial officer now owns 16,000 shares of the company’s stock, valued at $608,000. The disclosure for this sale can be found here. Insiders sold 25,923 shares of company stock valued at $892,509 over the last quarter. Insiders own 5.30% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. Investors Research Corp bought a new stake in shares of Diodes during the first quarter valued at approximately $35,000. Sandy Spring Bank bought a new stake in shares of Diodes during the second quarter valued at approximately $36,000. C M Bidwell & Associates Ltd. bought a new stake in shares of Diodes during the second quarter valued at approximately $47,000. Advisors Asset Management Inc. raised its holdings in shares of Diodes by 72.8% during the first quarter. Advisors Asset Management Inc. now owns 1,731 shares of the semiconductor company’s stock valued at $60,000 after buying an additional 729 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Diodes by 58.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,204 shares of the semiconductor company’s stock valued at $117,000 after buying an additional 1,186 shares during the last quarter. Institutional investors and hedge funds own 80.38% 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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