Diodes (DIOD) Downgraded by Zacks Investment Research to Hold

Diodes stock has undergone multiple analysts rating changes in the recent past.  Diodes Downgraded by Zacks Investment Research on 10/11/2021. In a note to investors, the firm issued a new rating of Hold. The analysts previously had rating of Strong-Buy.

Shares of Diodes traded down -$0.95 on Monday, reaching $87.00. 115763 shares of the stock traded hands, compared to its average volume of 243318. Shares of Diodes were trading at $87.00 on Monday. The firm’s 50 day moving average is $91.81 and its 200 day moving average is $81.10.Diodes has a 12 month low of $86.97 and a 12 month high of $98.88. While on yearly highs and lows, Diodes’s today has traded high as $88.90 and has touched $86.97 on the downward trend. See More Analyst Rating at: RATING

Diodes Earnings and What to expect: 

Diodes last issued its earnings results on August 5th, 2021. The semiconductor company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.08. The firm earned $440.45 million during the quarter, compared to analyst estimates of $434.80 million. Diodes has generated $2.35 earnings per share over the last year ($3.19 diluted earnings per share) and currently has a price-to-earnings ratio of 27.3. Earnings for Diodes are expected to grow by 15.97% in the coming year, from $4.76 to $5.52 per share. Diodes has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Monday, November 8th, 2021 based off prior year’s report dates.

Earnings for Diodes are expected to grow by 15.97% in the coming year, from $4.76 to $5.52 per share. The P/E ratio of Diodes is 27.27, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.66. The P/E ratio of Diodes is 27.27, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 38.46. Diodes has a P/B Ratio of 4.46. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Diodes (DIOD) Moving Average Technical Analysis

5 day Moving Average is $87.99 And 5 day price change is -$0.85 (-0.97%)  with average volume for 5 day average is 252,460. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $91.84 and 20 day price change is -$8.92 (-9.30%) and average 20 day moving volume is 240,545. 50 day moving average is $91.81  and 50 day price change is $5.00 ( 6.10%)  and with average volume for 50 days is : 229,852. 200 day moving average is $81.10  and 200 day price change is $18.93 (27.81%)  and with average volume for 200 days is : 264,694.

Other owners latest trading in Diodes :

  • On 10/7/2021 shares held by State of Alaska Department of Revenue were 32,759 which equates to market value of $2.97M and appx 0.00% owners of Diodes
  • On 9/13/2021 shares held by Bank of America Corp DE were 1,424,576 which equates to market value of $113.64M and appx 0.00% owners of Diodes
  • On 9/3/2021 shares held by Parametric Portfolio Associates LLC were 154,962 which equates to market value of $12.36M and appx 0.00% owners of Diodes
  • In total Institutional ownership equates to Institutional Ownership Percentage: 91.05% for Diodes

See More Analyst Rating at: RATING