In a report released today, Tristan Gerra from Robert W. Baird maintained a Buy rating on Diodes Inc (DIOD), with a price target of $42. The company’s shares opened today at $34.97.
According to TipRanks.com, Gerra is a 5-star analyst with an average return of 16.4% and a 59.8% success rate. Gerra covers the Consumer Goods sector, focusing on stocks such as Stmicroelectronics NV, Himax Technologies, and Skyworks Solutions.
Diodes Inc has an analyst consensus of Moderate Buy, with a price target consensus of $43.50.
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Based on Diodes Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $30.91 million. In comparison, last year the company had a GAAP net loss of $30.65 million.
Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is negative on the stock.
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Diodes, Inc. manufactures and supplies semiconductor products. Its products include diodes, rectifiers, transistors, MOSFETs, protection devices, functional specific arrays, single gate, dual gate and standard logic, amplifiers and comparators, Hall-effect and temperature sensors, power management devices, including LED drivers, AC-DC and DC-DC switching, linear voltage regulators, and voltage references along with special function devices, such as USB power switches, load switches, voltage supervisors, and motor controllers. It operates through the following geographical segments: Asia, North America, and Europe. The company was founded on June 15, 1959 and is headquartered in Plano, TX.
