Diodes (NASDAQ:DIOD – Get Score) was upgraded by equities researchers at StockNews.com from a “maintain” score to a “purchase” score in a analysis report issued on Friday.
A number of different equities analysts additionally just lately commented on the inventory. Cowen upped their worth goal on shares of Diodes to $95.00 in a analysis notice on Tuesday, August ninth. Wells Fargo & Firm diminished their worth goal on shares of Diodes from $85.00 to $65.00 and set an “equal weight” score on the inventory in a analysis report on Monday, July eleventh.
Diodes Buying and selling Down 5.0 %
Diodes inventory traded down $3.65 throughout mid-day buying and selling on Friday, hitting $69.96. The corporate’s inventory had a buying and selling quantity of 283,900 shares, in comparison with its common quantity of 280,602. The inventory has a market cap of $3.18 billion, a price-to-earnings ratio of 11.16 and a beta of 1.30. The enterprise has a 50 day shifting common worth of $73.06 and a 200-day shifting common worth of $73.44. The corporate has a debt-to-equity ratio of 0.16, a present ratio of two.43 and a fast ratio of 1.69. Diodes has a 12 month low of $58.52 and a 12 month excessive of $113.98.
Diodes (NASDAQ:DIOD – Get Score) final issued its quarterly earnings information on Thursday, August 4th. The semiconductor firm reported $1.90 EPS for the quarter, beating the consensus estimate of $1.75 by $0.15. The agency had income of $500.97 million throughout the quarter, in comparison with the consensus estimate of $501.47 million. Diodes had a internet margin of 14.82% and a return on fairness of 23.24%. The corporate’s quarterly income was up 13.7% in comparison with the identical quarter final 12 months. Throughout the identical interval within the prior 12 months, the agency posted $1.20 earnings per share. As a bunch, analysts forecast that Diodes will publish 7.15 EPS for the present 12 months.
Insider Exercise at Diodes
In different Diodes information, CEO Keh Shew Lu offered 3,000 shares of the corporate’s inventory in a transaction dated Tuesday, August sixteenth. The shares had been offered at a mean worth of $83.11, for a complete worth of $249,330.00. Following the sale, the chief govt officer now owns 75,183 shares within the firm, valued at $6,248,459.13. The sale was disclosed in a submitting with the SEC, which is on the market by means of the SEC web site. 2.60% of the inventory is owned by company insiders.
Institutional Buyers Weigh In On Diodes
Quite a few hedge funds and different institutional traders have just lately purchased and offered shares of DIOD. LSV Asset Administration grew its holdings in Diodes by 28.5% within the first quarter. LSV Asset Administration now owns 1,760,975 shares of the semiconductor firm’s inventory price $153,187,000 after buying a further 390,872 shares throughout the interval. Fuller & Thaler Asset Administration Inc. grew its holdings in shares of Diodes by 102.3% throughout the first quarter. Fuller & Thaler Asset Administration Inc. now owns 578,250 shares of the semiconductor firm’s inventory valued at $50,302,000 after shopping for a further 292,450 shares over the past quarter. Macquarie Group Ltd. grew its holdings in shares of Diodes by 35.9% throughout the second quarter. Macquarie Group Ltd. now owns 988,748 shares of the semiconductor firm’s inventory valued at $63,843,000 after shopping for a further 260,939 shares over the past quarter. Sei Investments Co. grew its holdings in shares of Diodes by 51.2% throughout the second quarter. Sei Investments Co. now owns 589,955 shares of the semiconductor firm’s inventory valued at $38,075,000 after shopping for a further 199,775 shares over the past quarter. Lastly, Wedge Capital Administration L L P NC bought a brand new stake in shares of Diodes throughout the second quarter valued at roughly $10,524,000. Hedge funds and different institutional traders personal 95.57% of the corporate’s inventory.
About Diodes
(Get Score)
Diodes Integrated designs, manufactures, and provides application-specific normal merchandise within the discrete, logic, analog, and mixed-signal semiconductor markets worldwide. It focuses on low pin depend semiconductor gadgets with a number of lively or passive elements. The corporate provides discrete semiconductor merchandise, similar to MOSFET, TVS, and efficiency Schottky rectifiers; GPP bridges and retifiers, and efficiency Schottky diodes; Zener and efficiency Zener diodes, together with tight tolerance and low working present sort; normal, quick, super-fast, and ultra-fast restoration rectifiers; bridge rectifiers; switching diodes; small sign bipolar and prebiased transistors; thyristor surge safety gadgets; and transient voltage suppressors.
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