StockNews.com cut shares of Diodes (NASDAQ:DIOD – Get Rating) from a buy rating to a hold rating in a report published on Wednesday morning.
Several other research analysts have also recently issued reports on the stock. Cowen raised their target price on shares of Diodes to $95.00 in a report on Tuesday, August 9th. Wells Fargo & Company cut their target price on shares of Diodes from $85.00 to $65.00 and set an equal weight rating on the stock in a report on Monday, July 11th.
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Diodes Stock Down 0.7 %
Shares of Diodes stock opened at $65.71 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.69 and a current ratio of 2.43. Diodes has a 52-week low of $58.52 and a 52-week high of $113.98. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 10.48 and a beta of 1.32. The company's 50 day moving average price is $74.76 and its 200-day moving average price is $74.96.
Diodes (NASDAQ:DIOD – Get Rating) last issued its earnings results on Thursday, August 4th. The semiconductor company reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.15. Diodes had a net
margin of 14.82% and a return on equity of 23.24%. The firm had revenue of $500.97 million for the quarter, compared to analysts' expectations of $501.47 million. During the same quarter last year, the business earned $1.20 earnings per share. The business's revenue was up 13.7% on a year-over-year basis. Equities research analysts forecast that Diodes will post 7.15 EPS for the current year.
Insider Buying and Selling
In related news, CFO Brett R. Whitmire sold 600 shares of the firm's stock in a transaction on Tuesday, July 5th. The stock was sold at an average price of $60.00, for a total value of $36,000.00. Following the completion of the sale, the chief financial officer now owns 27,125 shares of the company's stock, valued at $1,627,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Diodes news, CEO Keh Shew Lu sold 3,000 shares of the firm's stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $83.11, for a total transaction of $249,330.00. Following the completion of the transaction, the chief executive officer now owns 75,183 shares of the company's stock, valued at $6,248,459.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brett R. Whitmire sold 600 shares of the firm's stock in a transaction on Tuesday, July 5th. The shares were sold at an average price of $60.00, for a total value of $36,000.00. Following the transaction, the chief financial officer now directly owns 27,125 shares of the company's stock, valued at approximately $1,627,500. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Diodes
Several institutional investors and hedge funds have recently added to or reduced their stakes in DIOD. Signaturefd LLC lifted its position in Diodes by 157.7% during the first quarter. Signaturefd LLC now owns 286 shares of the semiconductor company's stock valued at $25,000 after buying an additional 175 shares during the period. CWM LLC lifted its position in Diodes by 310.6% during the first quarter. CWM LLC now owns 349 shares of the semiconductor company's stock valued at $30,000 after buying an additional 264 shares during the period. Truvestments Capital LLC purchased a new position in Diodes during the second quarter valued at $36,000. Quadrant Capital Group LLC lifted its position in Diodes by 305.7% during the first quarter. Quadrant Capital Group LLC now owns 426 shares of the semiconductor company's stock valued at $37,000 after buying an additional 321 shares during the period. Finally, Archer Investment Corp purchased a new position in Diodes during the first quarter valued at $50,000. Hedge funds and other institutional investors own 95.57% of the company's stock.
Diodes Company Profile
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Diodes Incorporated designs, manufactures, and supplies application-specific standard products in the discrete, logic, analog, and mixed-signal semiconductor markets worldwide. It focuses on low pin count semiconductor devices with one or more active or passive components. The company offers discrete semiconductor products, such as MOSFET, TVS, and performance Schottky rectifiers; GPP bridges and retifiers, and performance Schottky diodes; Zener and performance Zener diodes, including tight tolerance and low operating current type; standard, fast, super-fast, and ultra-fast recovery rectifiers; bridge rectifiers; switching diodes; small signal bipolar and prebiased transistors; thyristor surge protection devices; and transient voltage suppressors.
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