BidaskClub Downgrades Diodes (DIOD) to Sell

BidaskClub downgraded shares of Diodes (NASDAQ:DIOD) from a hold rating to a sell rating in a research report released on Thursday.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Diodes from a strong-buy rating to a hold rating in a report on Tuesday, October 10th. Sidoti raised shares of Diodes from a neutral rating to a buy rating and set a $36.00 price objective for the company in a report on Thursday, December 14th. They noted that the move was a valuation call. Robert W. Baird reaffirmed a buy rating and issued a $37.00 price objective on shares of Diodes in a report on Tuesday, October 17th. ValuEngine downgraded shares of Diodes from a buy rating to a hold rating in a report on Wednesday, November 15th. Finally, Benchmark downgraded shares of Diodes from a buy rating to a hold rating in a report on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Diodes has an average rating of Hold and an average target price of $37.00.

Diodes (NASDAQ DIOD) traded up $0.32 during trading on Thursday, reaching $29.92. 201,700 shares of the company’s stock were exchanged, compared to its average volume of 305,100. The firm has a market capitalization of $1,477.75, a P/E ratio of 49.87 and a beta of 1.17. The company has a current ratio of 3.12, a quick ratio of 2.18 and a debt-to-equity ratio of 0.34. Diodes has a 1 year low of $22.06 and a 1 year high of $35.36.

Diodes (NASDAQ:DIOD) last released its quarterly earnings data on Tuesday, November 7th. The semiconductor company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The firm had revenue of $285.20 million during the quarter, compared to the consensus estimate of $281.66 million. Diodes had a net margin of 2.96% and a return on equity of 6.44%. The firm’s revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.30 earnings per share. research analysts predict that Diodes will post 1.35 EPS for the current year.

In other news, SVP Mark A. King sold 10,169 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $31.80, for a total transaction of $323,374.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Clemente Beltran sold 4,993 shares of the business’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $35.00, for a total transaction of $174,755.00. Following the transaction, the vice president now directly owns 31,256 shares of the company’s stock, valued at approximately $1,093,960. The disclosure for this sale can be found here. In the last three months, insiders have sold 141,071 shares of company stock valued at $4,429,570. Corporate insiders own 7.00% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in DIOD. Virtu KCG Holdings LLC lifted its holdings in Diodes by 8.0% in the second quarter. Virtu KCG Holdings LLC now owns 10,997 shares of the semiconductor company’s stock worth $264,000 after purchasing an additional 815 shares during the period. Thrivent Financial For Lutherans raised its position in Diodes by 6.5% in the second quarter. Thrivent Financial For Lutherans now owns 23,220 shares of the semiconductor company’s stock worth $558,000 after acquiring an additional 1,410 shares in the last quarter. Rhumbline Advisers raised its position in Diodes by 1.9% in the third quarter. Rhumbline Advisers now owns 78,821 shares of the semiconductor company’s stock worth $2,359,000 after acquiring an additional 1,434 shares in the last quarter. Voya Investment Management LLC raised its position in Diodes by 10.0% in the second quarter. Voya Investment Management LLC now owns 18,133 shares of the semiconductor company’s stock worth $436,000 after acquiring an additional 1,649 shares in the last quarter. Finally, American International Group Inc. raised its holdings in Diodes by 5.8% during the 3rd quarter. American International Group Inc. now owns 30,247 shares of the semiconductor company’s stock worth $905,000 after buying an additional 1,652 shares during the period. 74.70% of the stock is owned by institutional investors.

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Diodes Company Profile

Diodes Incorporated is a manufacturer and supplier of application-specific standard products within the discrete, logic, analog and mixed-signal semiconductor markets, serving the consumer electronics, computing, communications, industrial and automotive markets. The Company’s products include diodes; rectifiers; transistors; metal-oxide semiconductor field-effect transistors (MOSFETs); protection devices; amplifiers and comparators; Hall-effect and temperature sensors, and power management devices, including light emitting diode (LED) drivers, alternating current (AC)-direct current (DC) and DC-DC switching, linear voltage regulators and voltage references, along with special function devices, such as universal serial bus (USB) power switches, load switches, voltage supervisors and motor controllers.

Analyst Recommendations for Diodes (NASDAQ:DIOD)

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