Diodes Incorporated (NASDAQ:DIOD) Given Average Rating of “Hold” by Brokerages

Shares of Diodes Incorporated (NASDAQ:DIOD) have been assigned an average recommendation of “Hold” from the five analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $65.6667.

A number of research firms have weighed in on DIOD. Zacks Research cut shares of Diodes from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 11th. Benchmark increased their target price on shares of Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Weiss Ratings upgraded shares of Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, January 21st. Wall Street Zen raised shares of Diodes from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Finally, Truist Financial upped their price objective 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.

Insiders Place Their Bets

In other news, 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 value of $7,521,360.00. Following the completion of the sale, the director directly owned 180,131 shares of the company’s stock, valued at approximately $12,205,676.56. The trade was a 38.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brett R. Whitmire sold 830 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $60.85, for a total value of $50,505.50. Following the completion of the sale, the chief financial officer directly owned 67,141 shares of the company’s stock, valued at approximately $4,085,529.85. This trade represents a 1.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 116,205 shares of company stock worth $7,837,213. Corporate insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Diodes

Several large investors have recently modified their holdings of the company. Salomon & Ludwin LLC acquired a new position in shares of Diodes in the 3rd quarter valued at $25,000. EverSource Wealth Advisors LLC boosted its stake in Diodes by 77.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 205 shares during the period. Farther Finance Advisors LLC grew its position in Diodes by 51.4% during the 4th quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 200 shares during the last quarter. Geneos Wealth Management Inc. purchased a new position in Diodes during the 2nd quarter worth $30,000. Finally, MAI Capital Management increased its stake in Diodes by 150.0% in the third quarter. MAI Capital Management now owns 685 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 411 shares during the period. 99.23% of the stock is owned by institutional investors and hedge funds.

Diodes Trading Up 1.0%

NASDAQ:DIOD opened at $68.92 on Friday. The stock has a 50-day simple moving average of $65.43 and a 200-day simple moving average of $56.50. The stock has a market cap of $3.16 billion, a P/E ratio of 48.54 and a beta of 1.57. 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 quick ratio of 2.08 and a current ratio of 3.32.

Diodes (NASDAQ:DIOD) last issued its earnings results on Tuesday, February 10th. The semiconductor company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.08. The business had revenue of $391.58 million for the quarter, compared to analyst estimates of $380.03 million. Diodes had a return on equity of 2.95% and a net margin of 4.46%.The business’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter last year, the company earned $0.27 EPS. As a group, analysts anticipate that Diodes will post 1.82 earnings per share for the current fiscal year.

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.