Diodes (NASDAQ:DIOD)‘s stock had its “buy” rating reiterated by analysts at Robert W. Baird in a report issued on Friday.
The analysts wrote, “We hosted investor meetings at CES with ONs CEO, CFO and IR. While China looks weaker with a slowdown in industrial and white goods, we believe ON is well-positioned in 2019 with multiple secular and N-T catalysts including: 1) 5G base station growth. No change to estimates; reiterating our Buy-$25PT, as multiple secular catalysts and an attractive valuation position ON well in 2019.””
DIOD has been the topic of several other reports. Zacks Investment Research downgraded shares of Diodes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. BidaskClub raised shares of Diodes from a “sell” rating to a “hold” rating in a research note on Tuesday, December 18th. ValuEngine downgraded shares of Diodes from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. Finally, Sidoti raised shares of Diodes from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $38.75.
Diodes (NASDAQ:DIOD) last posted its quarterly earnings data on Tuesday, November 6th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.05. The business had revenue of $320.90 million for the quarter, compared to the consensus estimate of $321.48 million. Diodes had a net margin of 3.75% and a return on equity of 11.99%. The company’s revenue was up 12.5% compared to the same quarter last year. During the same period last year, the firm posted $0.45 earnings per share. On average, research analysts forecast that Diodes will post 2.35 EPS for the current year.
In related news, Director C H. Chen sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 3rd. The shares were sold at an average price of $35.26, for a total transaction of $176,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Keh Shew Lu sold 28,000 shares of the firm’s stock in a transaction dated Monday, November 26th. The stock was sold at an average price of $33.60, for a total transaction of $940,800.00. Following the sale, the chief executive officer now owns 607,052 shares of the company’s stock, valued at $20,396,947.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,486 shares of company stock valued at $1,721,241. 6.70% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in DIOD. Glenmede Trust Co. NA increased its position in shares of Diodes by 368,401.2% during the second quarter. Glenmede Trust Co. NA now owns 943,363 shares of the semiconductor company’s stock valued at $32,518,000 after acquiring an additional 943,107 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Diodes in the third quarter valued at approximately $26,780,000. BlackRock Inc. grew its holdings in shares of Diodes by 8.4% in the third quarter. BlackRock Inc. now owns 6,111,423 shares of the semiconductor company’s stock valued at $203,450,000 after purchasing an additional 474,140 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Diodes by 8.6% in the third quarter. Vanguard Group Inc. now owns 4,302,567 shares of the semiconductor company’s stock valued at $143,232,000 after purchasing an additional 340,281 shares in the last quarter. Finally, Vanguard Group Inc grew its holdings in shares of Diodes by 8.6% in the third quarter. Vanguard Group Inc now owns 4,302,567 shares of the semiconductor company’s stock valued at $143,232,000 after purchasing an additional 340,281 shares in the last quarter. Institutional investors and hedge funds own 78.67% of the company’s stock.
Diodes Company Profile
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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