DIOD has been the subject of several other reports. Zacks Investment Research downgraded Diodes from a buy rating to a hold rating in a report on Friday, January 3rd. Wells Fargo & Co increased their price target on Diodes from $53.00 to $58.00 and gave the stock an overweight rating in a report on Friday, December 20th. Finally, ValuEngine downgraded Diodes from a hold rating to a sell rating in a report on Tuesday, February 4th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $54.50.
Shares of DIOD stock traded down $2.32 during trading hours on Tuesday, hitting $49.16. The stock had a trading volume of 24,255 shares, compared to its average volume of 415,748. The firm has a market capitalization of $2.68 billion, a PE ratio of 18.69 and a beta of 1.34. Diodes has a twelve month low of $30.51 and a twelve month high of $59.70. The stock’s 50 day moving average is $55.19 and its 200 day moving average is $45.94. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.56 and a quick ratio of 1.79.
Diodes (NASDAQ:DIOD) last posted its quarterly earnings data on Tuesday, February 11th. The semiconductor company reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.02. Diodes had a return on equity of 14.60% and a net margin of 10.74%. The business had revenue of $301.16 million during the quarter, compared to the consensus estimate of $300.00 million. As a group, equities analysts predict that Diodes will post 2.9 earnings per share for the current year.
In other Diodes news, CEO Keh Shew Lu sold 2,000 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $46.77, for a total value of $93,540.00. Following the completion of the sale, the chief executive officer now owns 579,359 shares of the company’s stock, valued at $27,096,620.43. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Francis Tang sold 2,669 shares of the firm’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $46.75, for a total value of $124,775.75. Following the completion of the sale, the vice president now directly owns 80,806 shares of the company’s stock, valued at approximately $3,777,680.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 118,282 shares of company stock valued at $5,688,295. Corporate insiders own 5.30% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in DIOD. First Trust Advisors LP lifted its holdings in Diodes by 91.2% in the first quarter. First Trust Advisors LP now owns 110,769 shares of the semiconductor company’s stock valued at $3,844,000 after acquiring an additional 52,849 shares during the period. Fox Run Management L.L.C. acquired a new stake in Diodes in the third quarter valued at $211,000. Campbell & CO Investment Adviser LLC acquired a new stake in Diodes in the third quarter valued at $298,000. Envestnet Asset Management Inc. lifted its holdings in Diodes by 387.4% in the third quarter. Envestnet Asset Management Inc. now owns 139,177 shares of the semiconductor company’s stock valued at $5,588,000 after acquiring an additional 110,623 shares during the period. Finally, NEXT Financial Group Inc acquired a new stake in Diodes in the third quarter valued at $207,000. 83.41% of the stock is owned by institutional investors.
Diodes Company Profile
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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