Diodes Incorporated (NASDAQ:DIOD) Receives $72.40 Average Price Target from Analysts

Shares of Diodes Incorporated (NASDAQ:DIOD) have been given a consensus rating of “Hold” by the five ratings firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $72.40.

DIOD has been the subject of several recent analyst reports. Truist Financial decreased their target price on Diodes from $78.00 to $67.00 and set a “hold” rating for the company in a research note on Wednesday, February 7th. TD Cowen increased their price target on shares of Diodes from $72.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Finally, Wells Fargo & Company dropped their price objective on shares of Diodes from $80.00 to $70.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 7th.

Diodes Price Performance

NASDAQ DIOD opened at $74.56 on Thursday. Diodes has a 1 year low of $60.00 and a 1 year high of $97.37. The company has a fifty day simple moving average of $69.58 and a 200 day simple moving average of $70.42. The company has a current ratio of 3.02, a quick ratio of 2.03 and a debt-to-equity ratio of 0.01. The company has a market cap of $3.44 billion, a P/E ratio of 15.19 and a beta of 1.44.

Diodes (NASDAQ:DIOD) last released its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. The company had revenue of $322.70 million during the quarter, compared to analysts’ expectations of $324.76 million. Diodes had a net margin of 13.67% and a return on equity of 12.79%. The business’s quarterly revenue was down 35.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.73 earnings per share. On average, sell-side analysts predict that Diodes will post 2.55 EPS for the current year.

Insider Buying and Selling at Diodes

In other news, CFO Brett R. Whitmire sold 3,400 shares of Diodes stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $67.30, for a total transaction of $228,820.00. Following the sale, the chief financial officer now directly owns 48,265 shares in the company, valued at approximately $3,248,234.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Keh Shew Lu sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $68.06, for a total transaction of $102,090.00. Following the completion of the transaction, the chief executive officer now owns 281,992 shares in the company, valued at approximately $19,192,375.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Brett R. Whitmire sold 3,400 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $67.30, for a total value of $228,820.00. Following the completion of the sale, the chief financial officer now owns 48,265 shares in the company, valued at $3,248,234.50. The disclosure for this sale can be found here. Insiders have sold 25,900 shares of company stock valued at $1,774,570 in the last 90 days. 2.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Diodes

Institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC boosted its position in Diodes by 955.2% in the third quarter. SG Americas Securities LLC now owns 11,460 shares of the semiconductor company’s stock valued at $904,000 after buying an additional 10,374 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of Diodes in the 3rd quarter worth approximately $113,000. Commonwealth Equity Services LLC grew its position in Diodes by 3.1% during the 3rd quarter. Commonwealth Equity Services LLC now owns 6,040 shares of the semiconductor company’s stock worth $476,000 after acquiring an additional 180 shares during the last quarter. Tectonic Advisors LLC increased its holdings in Diodes by 6.8% during the 3rd quarter. Tectonic Advisors LLC now owns 10,244 shares of the semiconductor company’s stock valued at $808,000 after purchasing an additional 655 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in Diodes by 5.4% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 2,892 shares of the semiconductor company’s stock valued at $228,000 after purchasing an additional 148 shares during the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

About Diodes

Diodes Incorporated, together with its subsidiaries, manufactures and supplies application-specific standard products in the broad discrete, logic, analog, and mixed-signal semiconductor markets worldwide. The company offers discrete semiconductor products, such as MOSFETs, SiC MOSFETs; data line protection, power line protection, thyristers, USB Type-C protection, and transient voltage suppressors; Schottky, small signal switching, Zener, and SiC diodes; bridges, super barrier, Schottky, Schottky bridge, and fast/ultra-fast rectifiers; and bipolar, avalanche, gate driver, and pre-bias transistors.