Diodes Incorporated (NASDAQ:DIOD) Receives Consensus Rating of “Hold” from Analysts

Diodes Incorporated (NASDAQ:DIOD) has been assigned a consensus recommendation of “Hold” from the five brokerages that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $74.20.

A number of equities research analysts have weighed in on DIOD shares. Truist Financial raised their price objective on Diodes from $67.00 to $74.00 and gave the company a “hold” rating in a research note on Friday, May 10th. Robert W. Baird lifted their price target on shares of Diodes from $56.00 to $72.00 and gave the stock a “neutral” rating in a research note on Friday, May 10th. TD Cowen increased their price objective on shares of Diodes from $72.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Finally, Wells Fargo & Company dropped their target price on shares of Diodes from $80.00 to $70.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 7th.

Diodes Price Performance

DIOD opened at $73.57 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.05 and a current ratio of 3.18. The stock has a market capitalization of $3.39 billion, a PE ratio of 20.05 and a beta of 1.44. The company’s 50 day simple moving average is $70.57 and its 200 day simple moving average is $70.77. Diodes has a 1 year low of $60.00 and a 1 year high of $97.37.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings results on Thursday, May 9th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. Diodes had a return on equity of 9.11% and a net margin of 11.36%. The firm had revenue of $301.90 million during the quarter, compared to the consensus estimate of $305.47 million. During the same quarter in the previous year, the business earned $1.59 earnings per share. The firm’s quarterly revenue was down 35.4% compared to the same quarter last year. As a group, sell-side analysts expect that Diodes will post 1.8 EPS for the current year.

Insiders Place Their Bets

In other Diodes news, CFO Brett R. Whitmire sold 3,400 shares of the stock in a transaction on 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 of the company’s stock, valued at $3,248,234.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Brett R. Whitmire sold 3,400 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $67.30, for a total transaction of $228,820.00. Following the completion of the transaction, the chief financial officer now owns 48,265 shares in the company, valued at approximately $3,248,234.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Keh Shew Lu sold 15,000 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $75.30, for a total value of $1,129,500.00. Following the transaction, the chief executive officer now owns 87,331 shares of the company’s stock, valued at $6,576,024.30. The disclosure for this sale can be found here. Insiders sold a total of 36,400 shares of company stock valued at $2,660,620 over the last 90 days. 2.30% of the stock is owned by company insiders.

Institutional Trading of Diodes

Several hedge funds have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. increased its stake in shares of Diodes by 5.4% in the third 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 period. Signaturefd LLC boosted its position in Diodes by 9.0% during the 3rd quarter. Signaturefd LLC now owns 2,018 shares of the semiconductor company’s stock worth $159,000 after acquiring an additional 167 shares during the period. NBC Securities Inc. acquired a new position in Diodes during the 3rd quarter worth $59,000. Victory Capital Management Inc. raised its stake in shares of Diodes by 4.9% during the third quarter. Victory Capital Management Inc. now owns 588,677 shares of the semiconductor company’s stock valued at $46,411,000 after purchasing an additional 27,686 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in Diodes in the third quarter worth about $5,906,000. 99.23% of the stock is currently owned by institutional investors.

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.