Diodes Incorporated (NASDAQ:DIOD) Receives $65.67 Average PT from Brokerages

Diodes Incorporated (NASDAQ:DIOD) has been assigned a consensus recommendation of “Hold” from the five ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $65.6667.

Several equities research analysts have commented on the stock. Truist Financial raised their price target on shares of Diodes from $54.00 to $67.00 and gave the company a “hold” rating in a research note on Wednesday, February 11th. Weiss Ratings upgraded Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, January 21st. Wall Street Zen raised Diodes from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Benchmark raised their target price on Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Finally, Zacks Research downgraded Diodes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 11th.

Diodes Price Performance

Shares of NASDAQ DIOD opened at $61.89 on Tuesday. Diodes has a 1-year low of $32.93 and a 1-year high of $81.71. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.32 and a quick ratio of 2.08. The business’s fifty day moving average price is $60.86 and its two-hundred day moving average price is $54.90. The firm has a market capitalization of $2.84 billion, a PE ratio of 43.58 and a beta of 1.61.

Diodes (NASDAQ:DIOD) last posted its earnings results on Tuesday, February 10th. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. The company had revenue of $391.58 million for the quarter, compared to analysts’ expectations of $380.03 million. Diodes had a return on equity of 2.95% and a net margin of 4.46%.The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period last year, the business posted $0.27 earnings per share. On average, research analysts expect that Diodes will post 1.82 EPS for the current year.

Insider Buying and Selling at Diodes

In other Diodes news, SVP Emily Yang sold 950 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $60.85, for a total transaction of $57,807.50. Following the transaction, the senior vice president owned 74,032 shares of the company’s stock, valued at approximately $4,504,847.20. This trade represents a 1.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Keh Shew Lu sold 111,000 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $67.76, for a total transaction of $7,521,360.00. Following the sale, the director owned 180,131 shares in the company, valued at $12,205,676.56. This trade represents a 38.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 116,205 shares of company stock valued at $7,837,213. 1.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bessemer Group Inc. lifted its holdings in Diodes by 178,733.7% in the 3rd quarter. Bessemer Group Inc. now owns 366,609 shares of the semiconductor company’s stock valued at $19,508,000 after acquiring an additional 366,404 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Diodes by 7.9% in the 2nd quarter. Rhumbline Advisers now owns 146,315 shares of the semiconductor company’s stock worth $7,739,000 after purchasing an additional 10,744 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in shares of Diodes by 27.0% in the 3rd quarter. Allianz Asset Management GmbH now owns 145,889 shares of the semiconductor company’s stock worth $7,763,000 after purchasing an additional 31,013 shares in the last quarter. Pacer Advisors Inc. bought a new stake in shares of Diodes in the 3rd quarter worth approximately $7,393,000. Finally, Hodges Capital Management Inc. acquired a new stake in Diodes during the third quarter valued at approximately $1,968,000. 99.23% of the stock is currently owned by institutional investors.

About Diodes

Diodes Incorporated (NASDAQ: DIOD) is a global manufacturer and supplier of high‐performance discrete, logic, analog and mixed‐signal semiconductor products. Headquartered in Plano, Texas, the company designs and develops a broad range of discrete components, standard logic functions, power management circuits, interface products and array products. Its portfolio includes rectifiers, MOSFETs, general‐purpose diodes, voltage regulators, comparators, buffers and other building blocks for electronic systems.

Diodes Incorporated serves a variety of end markets such as automotive, computing, communications, consumer electronics, industrial and lighting.