According to Zacks, “Diodes Incorporated is a leading manufacturer and supplier of high-quality discrete and analog semiconductor products, primarily to the communications, computing, industrial, consumer electronics and automotive markets. The Company’s corporate sales, marketing, engineering and logistics headquarters is located in Southern California, with two manufacturing facilities in Shanghai, China, a wafer fabrication plant in Kansas City, Missouri, engineering, sales, warehouse and logistics offices in Taipei, Taiwan and Hong Kong, and sales and support offices throughout the world. Diodes, Inc. recently acquired Anachip Corporation, a fabless analog IC company in Hsinchu Science Park, Taiwan. It’s product focus is on subminiature surface-mount discrete devices, analog power management ICs and Hall-effect sensors all of which are widely used in end-user equipment. “
Several other analysts have also issued reports on the company. Robert W. Baird upgraded Diodes from a neutral rating to an outperform rating and set a $50.00 price objective on the stock in a research note on Friday, April 17th. Loop Capital began coverage on Diodes in a research note on Tuesday, May 26th. They issued a buy rating and a $56.00 price target on the stock. BidaskClub downgraded Diodes from a buy rating to a hold rating in a report on Saturday, May 9th. Wells Fargo & Co decreased their price objective on shares of Diodes from $64.00 to $55.00 and set an overweight rating on the stock in a report on Thursday, March 19th. Finally, Benchmark began coverage on shares of Diodes in a research note on Friday, May 15th. They set a buy rating and a $50.00 target price for the company. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $54.00.
Diodes (NASDAQ:DIOD) last released its quarterly earnings data on Monday, May 11th. The semiconductor company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.02). The firm had revenue of $280.70 million for the quarter, compared to analyst estimates of $286.00 million. Diodes had a return on equity of 12.52% and a net margin of 11.54%. The firm’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 earnings per share. On average, research analysts anticipate that Diodes will post 2.12 EPS for the current fiscal year.
In other news, Director C H. Chen sold 23,411 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $50.42, for a total transaction of $1,180,382.62. Following the completion of the sale, the director now owns 139,268 shares of the company’s stock, valued at approximately $7,021,892.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Richard Dallas White sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $52.50, for a total transaction of $525,000.00. Following the transaction, the insider now owns 79,841 shares of the company’s stock, valued at $4,191,652.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,327 shares of company stock worth $5,325,432. Company insiders own 4.60% of the company’s stock.
A number of institutional investors have recently modified their holdings of DIOD. Norges Bank bought a new stake in shares of Diodes during the fourth quarter worth $53,305,000. Bank of America Corp DE lifted its holdings in Diodes by 103.8% during the 4th quarter. Bank of America Corp DE now owns 1,020,444 shares of the semiconductor company’s stock worth $57,522,000 after buying an additional 519,650 shares during the period. Bank of New York Mellon Corp grew its position in shares of Diodes by 17.5% in the 1st quarter. Bank of New York Mellon Corp now owns 1,897,069 shares of the semiconductor company’s stock valued at $77,087,000 after buying an additional 281,869 shares during the last quarter. Nuveen Asset Management LLC increased its stake in shares of Diodes by 87.0% in the first quarter. Nuveen Asset Management LLC now owns 584,446 shares of the semiconductor company’s stock valued at $23,748,000 after buying an additional 271,855 shares during the period. Finally, Eaton Vance Management bought a new position in shares of Diodes during the first quarter worth about $4,015,000. Hedge funds and other institutional investors own 79.94% of the company’s stock.
Diodes Incorporated, together with its subsidiaries, designs, manufactures, and supplies application-specific standard products in the discrete, logic, and analog and mixed-signal semiconductor markets in Asia, North America, and Europe. It primarily focuses on low pin count semiconductor devices with one or more active or passive components.
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