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. “
Other analysts have also issued reports about the stock. BidaskClub upgraded shares of Diodes from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Wells Fargo & Co started coverage on shares of Diodes in a research note on Monday, August 19th. They set an “outperform” rating and a $55.00 price objective for the company. Finally, ValuEngine lowered shares of Diodes from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $49.00.
Diodes (NASDAQ:DIOD) last issued its quarterly earnings results on Monday, August 5th. The semiconductor company reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.02. The company had revenue of $322.00 million during the quarter, compared to analyst estimates of $320.20 million. Diodes had a net margin of 10.19% and a return on equity of 14.32%. Diodes’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the business earned $0.58 EPS. As a group, analysts predict that Diodes will post 2.85 EPS for the current year.
In other Diodes news, VP Evan Yu sold 4,830 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $43.50, for a total transaction of $210,105.00. Following the completion of the sale, the vice president now directly owns 44,026 shares in the company, valued at approximately $1,915,131. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Emily Yang sold 1,731 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $40.71, for a total transaction of $70,469.01. Following the sale, the vice president now owns 46,961 shares of the company’s stock, valued at $1,911,782.31. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,654 shares of company stock valued at $360,108. 5.30% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Sandy Spring Bank purchased a new stake in shares of Diodes during the 2nd quarter valued at about $36,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of Diodes during the 2nd quarter valued at about $47,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Diodes by 58.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,204 shares of the semiconductor company’s stock valued at $117,000 after acquiring an additional 1,186 shares during the last quarter. Riverhead Capital Management LLC boosted its holdings in shares of Diodes by 11.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,869 shares of the semiconductor company’s stock valued at $141,000 after acquiring an additional 400 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in shares of Diodes by 104.7% during the 2nd quarter. Acadian Asset Management LLC now owns 3,937 shares of the semiconductor company’s stock valued at $143,000 after acquiring an additional 2,014 shares during the last quarter. 80.62% of the stock is currently owned by hedge funds and other institutional investors.
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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