Diodes (DIOD) Downgraded by ValuEngine to Sell

Diodes (NASDAQ:DIOD) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Monday.

Other equities analysts have also recently issued research reports about the stock. BidaskClub upgraded shares of Diodes from a “hold” rating to a “buy” rating in a research report on Saturday, July 21st. Sidoti upgraded shares of Diodes from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 19th. Zacks Investment Research cut shares of Diodes from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 24th. Finally, Robert W. Baird lifted their target price on shares of Diodes from $37.00 to $42.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 19th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $38.00.

Shares of NASDAQ DIOD traded down $0.26 during midday trading on Monday, hitting $30.68. The company had a trading volume of 270,500 shares, compared to its average volume of 322,833. The company has a quick ratio of 1.66, a current ratio of 2.60 and a debt-to-equity ratio of 0.18. Diodes has a twelve month low of $26.09 and a twelve month high of $39.31. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 22.39 and a beta of 0.99.

Diodes (NASDAQ:DIOD) last announced its earnings results on Tuesday, August 7th. The semiconductor company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The company had revenue of $304.09 million during the quarter, compared to analysts’ expectations of $300.00 million. Diodes had a net margin of 2.42% and a return on equity of 10.86%. Equities research analysts expect that Diodes will post 2.17 EPS for the current fiscal year.

In other news, Director Michael Kuo-Chih Tsai sold 2,575 shares of the business’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $37.13, for a total value of $95,609.75. Following the completion of the transaction, the director now owns 37,625 shares of the company’s stock, valued at $1,397,016.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Evan Yu sold 8,983 shares of the business’s stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $37.66, for a total transaction of $338,299.78. Following the completion of the transaction, the vice president now directly owns 36,170 shares of the company’s stock, valued at approximately $1,362,162.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 97,551 shares of company stock valued at $3,723,392. 6.70% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of the company. United Services Automobile Association raised its position in shares of Diodes by 0.8% in the second quarter. United Services Automobile Association now owns 263,176 shares of the semiconductor company’s stock valued at $9,072,000 after buying an additional 2,139 shares during the last quarter. Northern Trust Corp raised its position in shares of Diodes by 2.6% in the second quarter. Northern Trust Corp now owns 788,980 shares of the semiconductor company’s stock valued at $27,197,000 after buying an additional 19,742 shares during the last quarter. Strategic Wealth Advisors Group LLC acquired a new position in shares of Diodes in the second quarter valued at approximately $616,000. Public Employees Retirement System of Ohio raised its position in shares of Diodes by 112.2% in the second quarter. Public Employees Retirement System of Ohio now owns 24,006 shares of the semiconductor company’s stock valued at $827,000 after buying an additional 12,693 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new position in shares of Diodes in the second quarter valued at approximately $259,000. 75.62% of the stock is owned by institutional investors and hedge funds.

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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