Diodes Incorporated (NASDAQ:DIOD) shot up 2.4% during mid-day trading on Thursday . The company traded as high as $38.62 and last traded at $36.26. 10,434 shares were traded during mid-day trading, a decline of 97% from the average session volume of 380,017 shares. The stock had previously closed at $35.42.
DIOD has been the topic of a number of recent research reports. ValuEngine cut shares of Diodes from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. BidaskClub upgraded shares of Diodes from a “hold” rating to a “buy” rating in a research report on Saturday, August 11th. Finally, Zacks Investment Research upgraded shares of Diodes from a “hold” rating to a “strong-buy” rating and set a $41.00 price target on the stock in a research report on Friday. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Diodes currently has a consensus rating of “Buy” and a consensus price target of $38.75.
The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.66 and a current ratio of 2.47. The stock has a market cap of $1.77 billion, a P/E ratio of 25.11 and a beta of 1.06.
Diodes (NASDAQ:DIOD) last issued its quarterly earnings results on Tuesday, November 6th. The semiconductor company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.05. Diodes had a net margin of 3.75% and a return on equity of 11.99%. The business had revenue of $320.90 million for the quarter, compared to analysts’ expectations of $321.48 million. During the same period last year, the business earned $0.45 earnings per share. The business’s quarterly revenue was up 12.5% on a year-over-year basis. Equities analysts expect that Diodes Incorporated will post 2.17 EPS for the current fiscal year.
In other news, Director Michael Kuo-Chih Tsai sold 2,575 shares of the firm’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 transaction, the director now owns 37,625 shares in the company, valued at $1,397,016.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Evan Yu sold 8,983 shares of the firm’s stock in a transaction that occurred on Friday, August 31st. The stock was 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 owns 36,170 shares in the company, valued at approximately $1,362,162.20. The disclosure for this sale can be found here. Insiders sold 88,147 shares of company stock worth $3,363,504 in the last 90 days. Company insiders own 6.70% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Meeder Asset Management Inc. bought a new position in shares of Diodes in the third quarter worth approximately $189,000. Amalgamated Bank bought a new position in shares of Diodes in the second quarter worth approximately $205,000. Fox Run Management L.L.C. bought a new position in shares of Diodes in the second quarter worth approximately $208,000. Meadow Creek Investment Management LLC grew its holdings in shares of Diodes by 31.0% in the second quarter. Meadow Creek Investment Management LLC now owns 7,224 shares of the semiconductor company’s stock worth $249,000 after purchasing an additional 1,708 shares during the last quarter. Finally, Verition Fund Management LLC bought a new position in shares of Diodes in the second quarter worth approximately $259,000. Hedge funds and other institutional investors own 75.96% of the company’s stock.
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About Diodes (NASDAQ:DIOD)
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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