Diodes (DIOD) Cut to Strong Sell at BidaskClub

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

A number of other equities research analysts have also recently commented on DIOD. ValuEngine cut Diodes from a “hold” rating to a “sell” rating in a research note on Monday. Zacks Investment Research cut Diodes from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 24th. Robert W. Baird boosted their price objective on Diodes from $37.00 to $42.00 and gave the company an “outperform” rating in a research note on Tuesday, June 19th. Finally, Sidoti upgraded Diodes from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 19th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $38.00.

NASDAQ DIOD opened at $30.68 on Tuesday. The firm has a market cap of $1.67 billion, a PE ratio of 22.39 and a beta of 0.99. Diodes has a one year low of $26.09 and a one year high of $39.31. The company has a current ratio of 2.60, a quick ratio of 1.66 and a debt-to-equity ratio of 0.18.

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

In related news, VP Evan Yu sold 8,983 shares of the business’s stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $37.66, for a total value of $338,299.78. Following the sale, the vice president now directly owns 36,170 shares in the company, valued at approximately $1,362,162.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Kuo-Chih Tsai sold 2,575 shares of the business’s stock in a transaction dated 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 sale, the director now owns 37,625 shares in the company, valued at $1,397,016.25. The disclosure for this sale can be found here. Insiders sold a total of 97,551 shares of company stock worth $3,723,392 over the last 90 days. 6.70% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the stock. Amalgamated Bank bought a new stake in shares of Diodes during the second quarter valued at about $205,000. Profund Advisors LLC bought a new stake in shares of Diodes during the first quarter valued at about $207,000. Fox Run Management L.L.C. bought a new stake in shares of Diodes during the second quarter valued at about $208,000. Xact Kapitalforvaltning AB bought a new stake in shares of Diodes during the first quarter valued at about $247,000. Finally, Koch Industries Inc. bought a new stake in shares of Diodes during the first quarter valued at about $249,000. Institutional investors and hedge funds own 75.62% 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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