Diodes Inc. (NASDAQ:DIOD) was upgraded by stock analysts at TheStreet from a “hold” rating to a “buy” rating in a report issued on Monday.

Several other research analysts have also commented on DIOD. Zacks Investment Research lowered shares of Diodes from a “hold” rating to a “sell” rating in a report on Thursday, November 10th. Robert W. Baird reaffirmed an “outperform” rating and issued a $25.00 target price on shares of Diodes in a research report on Friday, November 11th.

Shares of Diodes (NASDAQ:DIOD) opened at 23.98 on Monday. Diodes has a 12 month low of $16.58 and a 12 month high of $25.20. The firm has a 50-day moving average of $21.40 and a 200 day moving average of $19.93. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 118.71 and a beta of 1.22.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Wednesday, November 9th. The company reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.02. Diodes had a net margin of 1.66% and a return on equity of 4.44%. The business earned $250.70 million during the quarter, compared to analyst estimates of $250.75 million. During the same period in the prior year, the business earned $0.13 EPS. The company’s revenue for the quarter was up 20.0% on a year-over-year basis. On average, analysts expect that Diodes will post $0.87 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “TheStreet Upgrades Diodes Inc. (DIOD) to Buy” was originally published by Financial Market News and is the propert of of Financial Market News. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of United States and international copyright and trademark legislation. The correct version of this piece of content can be read at http://www.financial-market-news.com/thestreet-upgrades-diodes-inc-diod-to-buy/1209553/.

In related news, Director John M. Stich sold 2,200 shares of the stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $24.00, for a total transaction of $52,800.00. Following the sale, the director now directly owns 35,700 shares of the company’s stock, valued at approximately $856,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John M. Stich sold 5,000 shares of the stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $22.00, for a total transaction of $110,000.00. Following the sale, the director now directly owns 35,700 shares in the company, valued at $785,400. The disclosure for this sale can be found here. 6.70% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in DIOD. Victory Capital Management Inc. increased its stake in shares of Diodes by 19.3% in the third quarter. Victory Capital Management Inc. now owns 3,490,676 shares of the company’s stock valued at $74,491,000 after buying an additional 564,232 shares during the period. FMR LLC increased its stake in shares of Diodes by 72.6% in the second quarter. FMR LLC now owns 616,800 shares of the company’s stock valued at $11,590,000 after buying an additional 259,400 shares during the period. BlackRock Fund Advisors increased its stake in shares of Diodes by 8.4% in the third quarter. BlackRock Fund Advisors now owns 2,715,098 shares of the company’s stock valued at $57,940,000 after buying an additional 210,920 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Diodes by 8.3% in the second quarter. Dimensional Fund Advisors LP now owns 2,487,917 shares of the company’s stock valued at $46,746,000 after buying an additional 190,821 shares during the period. Finally, Foundry Partners LLC increased its stake in shares of Diodes by 1,061.4% in the second quarter. Foundry Partners LLC now owns 174,155 shares of the company’s stock valued at $3,272,000 after buying an additional 159,160 shares during the period. 75.46% of the stock is currently owned by institutional investors.

About Diodes

Diodes Incorporated is a global 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.

5 Day Chart for NASDAQ:DIOD

Receive News & Ratings for Diodes Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diodes Inc. and related companies with MarketBeat.com's FREE daily email newsletter.