Diodes’ (DIOD) Buy Rating Reaffirmed at Robert W. Baird

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Diodes (NASDAQ:DIOD)‘s stock had its “buy” rating reiterated by analysts at Robert W. Baird in a report released 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 subject of several other research reports. Zacks Investment Research downgraded shares of Diodes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. BidaskClub upgraded shares of Diodes from a “sell” rating to a “hold” rating in a research report on Tuesday, December 18th. ValuEngine downgraded shares of Diodes from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Finally, Sidoti upgraded shares of Diodes from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $38.75.

Shares of NASDAQ:DIOD traded up $0.57 during trading on Friday, hitting $32.76. 284,559 shares of the company were exchanged, compared to its average volume of 316,115. The company has a market capitalization of $1.56 billion, a PE ratio of 23.91 and a beta of 1.08. The company has a current ratio of 2.47, a quick ratio of 1.64 and a debt-to-equity ratio of 0.15. Diodes has a 12-month low of $26.09 and a 12-month high of $39.31.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Tuesday, November 6th. The semiconductor company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.05. The business had revenue of $320.90 million during 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 quarter in the previous year, the firm earned $0.45 EPS. As a group, equities research analysts predict that Diodes will post 2.35 EPS for the current fiscal year.

In other Diodes news, CEO Keh Shew Lu sold 17,486 shares of the business’s stock in a transaction on Friday, November 30th. The shares were sold at an average price of $34.55, for a total value of $604,141.30. Following the transaction, the chief executive officer now directly owns 585,052 shares of the company’s stock, valued at approximately $20,213,546.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director C H. Chen sold 5,000 shares of the business’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $35.26, for a total transaction of $176,300.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,486 shares of company stock valued at $1,721,241. 6.70% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in DIOD. State of Alaska Department of Revenue lifted its holdings in Diodes by 4.1% in the 4th quarter. State of Alaska Department of Revenue now owns 13,267 shares of the semiconductor company’s stock valued at $427,000 after purchasing an additional 525 shares in the last quarter. Vanguard Group Inc lifted its holdings in Diodes by 8.6% in the 3rd 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. Federated Investors Inc. PA lifted its holdings in Diodes by 68.0% in the 3rd quarter. Federated Investors Inc. PA now owns 279,742 shares of the semiconductor company’s stock valued at $9,313,000 after purchasing an additional 113,211 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Diodes by 8.6% in the 3rd 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, Morgan Stanley lifted its holdings in Diodes by 36.4% in the 3rd quarter. Morgan Stanley now owns 191,709 shares of the semiconductor company’s stock valued at $6,383,000 after purchasing an additional 51,157 shares in the last quarter. 78.67% of the stock is currently owned by institutional investors.

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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