Diodes (DIOD) Rating Increased to Sell at BidaskClub

Diodes (NASDAQ:DIOD) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Friday.

Several other research analysts have also recently weighed in on the stock. ValuEngine upgraded shares of Diodes from a “sell” rating to a “hold” rating in a report on Thursday. Zacks Investment Research cut shares of Diodes from a “strong-buy” rating to a “hold” rating in a report on Monday, September 24th. Finally, Sidoti upgraded shares of Diodes from a “neutral” rating to a “buy” rating in a report on Wednesday, September 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. Diodes currently has an average rating of “Hold” and an average price target of $38.00.

Diodes stock traded down $0.63 during midday trading on Friday, hitting $31.12. 444,030 shares of the stock were exchanged, compared to its average volume of 396,544. Diodes has a 52-week low of $26.09 and a 52-week high of $39.31. The stock has a market cap of $1.56 billion, a PE ratio of 22.72 and a beta of 1.06. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.66 and a current ratio of 2.60.

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

In other Diodes news, VP Evan Yu sold 8,983 shares of the business’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $37.66, for a total value of $338,299.78. Following the transaction, the vice president now directly owns 36,170 shares in the company, valued at $1,362,162.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Francis Tang sold 6,560 shares of the business’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $38.90, for a total transaction of $255,184.00. Following the completion of the transaction, the vice president now owns 88,597 shares in the company, valued at $3,446,423.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 88,147 shares of company stock worth $3,363,504. Corporate insiders own 6.70% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DIOD. Meeder Asset Management Inc. purchased a new position in Diodes in the third quarter valued at about $189,000. Amalgamated Bank purchased a new stake in shares of Diodes during the 2nd quarter valued at approximately $205,000. Fox Run Management L.L.C. purchased a new stake in shares of Diodes during the 2nd quarter valued at approximately $208,000. Xact Kapitalforvaltning AB purchased a new stake in shares of Diodes during the 1st quarter valued at approximately $247,000. Finally, Meadow Creek Investment Management LLC lifted its stake in shares of Diodes by 31.0% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 7,224 shares of the semiconductor company’s stock valued at $249,000 after buying an additional 1,708 shares in the last quarter. Hedge funds and other institutional investors own 75.88% of the company’s stock.

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 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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