Diodes (NASDAQ:DIOD – Get Rating) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Thursday.
A number of other equities research analysts have also recently issued reports on DIOD. Cowen lifted their price target on shares of Diodes to $95.00 in a research note on Tuesday, August 9th. Wells Fargo & Company lowered their target price on shares of Diodes from $85.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Monday, July 11th.
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Diodes Price Performance
NASDAQ:DIOD opened at $66.27 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.43 and a quick ratio of 1.69. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 10.57 and a beta of 1.32. The company has a 50 day moving average price of $74.16 and a 200-day moving average price of $74.34. Diodes has a 1-year low of $58.52 and a 1-year high of $113.98.
Diodes (NASDAQ:DIOD – Get Rating) last released its quarterly earnings results on Thursday, August 4th. The semiconductor company reported $1.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company earned $1.20 EPS. The firm's revenue for the quarter was up 13.7% compared to the same quarter last year. Equities research analysts forecast that Diodes will post 7.15 EPS for the current year.
Insiders Place Their Bets
In other news, CFO Brett R. Whitmire sold 600 shares of the business's stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $60.00, for a total transaction of $36,000.00. Following the transaction, the chief financial officer now owns 27,125 shares of the company's stock, valued at approximately $1,627,500. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Keh Shew Lu sold 3,000 shares of the business's stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $83.11, for a total transaction of $249,330.00. Following the transaction, the chief executive officer now owns 75,183 shares of the company's stock, valued at approximately $6,248,459.13. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Brett R. Whitmire sold 600 shares of the business's stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $60.00, for a total transaction of $36,000.00. Following the transaction, the chief financial officer now directly owns 27,125 shares in the company, valued at approximately $1,627,500. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by corporate insiders.
Institutional Trading of Diodes
Several institutional investors and hedge funds have recently bought and sold shares of DIOD. Signaturefd LLC raised its holdings in Diodes by 157.7% in the 1st 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 raised its holdings in Diodes by 310.6% in the 1st 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 stake in Diodes in the 2nd quarter valued at about $36,000. Quadrant Capital Group LLC raised its holdings in Diodes by 305.7% in the 1st 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 stake in Diodes in the 1st quarter valued at about $50,000. 95.57% of the stock is currently owned by hedge funds and other institutional investors.
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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