Benchmark upgraded shares of Diodes (NASDAQ:DIOD) from a hold rating to a buy rating in a report released on Thursday morning, MarketBeat Ratings reports. Benchmark currently has $34.00 price objective on the semiconductor company’s stock.

A number of other equities analysts have also recently commented on DIOD. Robert W. Baird reissued a buy rating and issued a $37.00 price objective on shares of Diodes in a research note on Tuesday, October 17th. Zacks Investment Research raised shares of Diodes from a hold rating to a strong-buy rating and set a $38.00 price objective for the company in a research note on Tuesday, October 17th. ValuEngine lowered shares of Diodes from a buy rating to a hold rating in a report on Wednesday, November 15th. BidaskClub lowered shares of Diodes from a hold rating to a sell rating in a report on Wednesday, December 6th. Finally, Sidoti upgraded shares of Diodes from a neutral rating to a buy rating and set a $36.00 target price for the company in a report on Thursday, December 14th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $36.25.

Shares of Diodes (DIOD) traded up $1.19 during trading hours on Thursday, hitting $29.17. 463,998 shares of the company’s stock were exchanged, compared to its average volume of 323,591. Diodes has a 1-year low of $22.06 and a 1-year high of $35.36. The stock has a market cap of $1,370.00, a PE ratio of -586.80 and a beta of 1.05. The company has a quick ratio of 2.18, a current ratio of 3.12 and a debt-to-equity ratio of 0.34.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.02. Diodes had a negative net margin of 0.17% and a positive return on equity of 7.96%. The business had revenue of $268.43 million during the quarter, compared to analysts’ expectations of $270.62 million. During the same period last year, the company posted $0.15 EPS. The business’s revenue was up 15.7% on a year-over-year basis. equities research analysts forecast that Diodes will post 1.8 earnings per share for the current year.

In related news, major shareholder Semiconductor Corp Lite-On sold 7,247 shares of Diodes stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $30.36, for a total transaction of $220,018.92. Following the completion of the sale, the insider now owns 7,772,425 shares in the company, valued at approximately $235,970,823. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Mark A. King sold 14,396 shares of Diodes stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $31.29, for a total transaction of $450,450.84. Following the sale, the senior vice president now owns 94,719 shares of the company’s stock, valued at approximately $2,963,757.51. The disclosure for this sale can be found here. Insiders sold a total of 124,699 shares of company stock valued at $3,892,787 in the last 90 days. Company insiders own 7.00% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in DIOD. Teachers Advisors LLC lifted its holdings in Diodes by 6.3% during the 2nd quarter. Teachers Advisors LLC now owns 68,337 shares of the semiconductor company’s stock valued at $1,642,000 after buying an additional 4,030 shares in the last quarter. TIAA CREF Investment Management LLC lifted its holdings in Diodes by 13.9% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 117,532 shares of the semiconductor company’s stock valued at $2,824,000 after buying an additional 14,342 shares in the last quarter. Thrivent Financial For Lutherans lifted its holdings in Diodes by 6.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 23,220 shares of the semiconductor company’s stock valued at $558,000 after buying an additional 1,410 shares in the last quarter. Northern Trust Corp lifted its holdings in Diodes by 2.9% during the 2nd quarter. Northern Trust Corp now owns 777,284 shares of the semiconductor company’s stock valued at $18,679,000 after buying an additional 21,697 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its holdings in Diodes by 6.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 96,818 shares of the semiconductor company’s stock valued at $2,327,000 after buying an additional 5,748 shares in the last quarter. Institutional investors own 74.74% of the company’s stock.

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About Diodes

Diodes Incorporated is a manufacturer and supplier of application-specific standard products within the discrete, logic, analog and mixed-signal semiconductor markets, serving the consumer electronics, computing, communications, industrial and automotive markets. The Company’s products include diodes; rectifiers; transistors; metal-oxide semiconductor field-effect transistors (MOSFETs); protection devices; amplifiers and comparators; Hall-effect and temperature sensors, and power management devices, including light emitting diode (LED) drivers, alternating current (AC)-direct current (DC) and DC-DC switching, linear voltage regulators and voltage references, along with special function devices, such as universal serial bus (USB) power switches, load switches, voltage supervisors and motor controllers.

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