Diodes Incorporated (NASDAQ:DIOD) Receives $113.00 Consensus Target Price from Analysts

Diodes Incorporated (NASDAQ:DIOD) has been given a consensus recommendation of “Buy” by the five ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $113.00.

Several equities analysts recently issued reports on DIOD shares. Wall Street Zen upgraded Diodes from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Zacks Research upgraded Diodes from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Benchmark raised their price target on Diodes from $62.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Robert W. Baird set a $120.00 price target on Diodes in a research report on Friday, May 8th. Finally, Truist Financial raised their price target on Diodes from $98.00 to $139.00 and gave the stock a “buy” rating in a research report on Friday, May 8th.

Diodes Stock Performance

Shares of NASDAQ DIOD opened at $99.65 on Friday. The stock has a market cap of $4.58 billion, a price-to-earnings ratio of 54.16 and a beta of 1.93. The company has a current ratio of 3.17, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01. Diodes has a 1-year low of $42.28 and a 1-year high of $117.80. The stock’s 50-day moving average is $87.03 and its 200 day moving average is $66.60.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.08. Diodes had a return on equity of 3.48% and a net margin of 5.50%.The business had revenue of $405.47 million for the quarter, compared to analyst estimates of $396.33 million. During the same period last year, the company earned $0.19 EPS. Diodes’s revenue for the quarter was up 22.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Diodes will post 2.58 EPS for the current fiscal year.

Insider Buying and Selling at Diodes

In other news, SVP Emily Yang sold 2,000 shares of Diodes stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $96.81, for a total value of $193,620.00. Following the sale, the senior vice president directly owned 66,878 shares in the company, valued at approximately $6,474,459.18. This trade represents a 2.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jin Zhao sold 2,760 shares of Diodes stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $102.36, for a total value of $282,513.60. Following the completion of the sale, the insider owned 47,220 shares in the company, valued at approximately $4,833,439.20. This represents a 5.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 29,611 shares of company stock worth $3,075,135 over the last quarter. Company insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Diodes

A number of large investors have recently made changes to their positions in DIOD. AQR Capital Management LLC grew its position in shares of Diodes by 12.4% in the 1st quarter. AQR Capital Management LLC now owns 6,028 shares of the semiconductor company’s stock worth $260,000 after buying an additional 663 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Diodes by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,148 shares of the semiconductor company’s stock worth $1,172,000 after buying an additional 1,186 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Diodes by 13.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 391,005 shares of the semiconductor company’s stock worth $16,880,000 after buying an additional 47,500 shares during the last quarter. Woodline Partners LP bought a new stake in shares of Diodes in the 1st quarter worth approximately $559,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Diodes by 6.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 104,719 shares of the semiconductor company’s stock worth $4,521,000 after buying an additional 6,708 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors.

Key Diodes News

Here are the key news stories impacting Diodes this week:

• Positive Sentiment: Diodes appointed Angie Chen Button as Chairwoman of the Board after Keh-Shew Lu retired as chairman, a governance transition that appears orderly and may reassure investors about continuity. Diodes (DIOD) Appoints Angie Chen Button as Chairwoman of the Board
• Positive Sentiment: Recent commentary points to Diodes trading on stronger-than-expected first-quarter results and continued growth guidance, reinforcing the view that the company’s operating momentum remains intact. Assessing Diodes (DIOD) Valuation After Strong Q1 Results And Continued Growth Guidance
• Positive Sentiment: Analyst sentiment remains constructive after Diodes beat quarterly EPS and revenue estimates, with multiple firms recently raising price targets or upgrade ratings.

Diodes Company Profile

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.