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 analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $65.6667.

A number of brokerages have issued reports on DIOD. Weiss Ratings raised Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, January 21st. Zacks Research cut shares of Diodes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 11th. Wall Street Zen upgraded shares of Diodes from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Truist Financial lifted their price objective on shares of Diodes from $54.00 to $67.00 and gave the company a “hold” rating in a report on Wednesday, February 11th. Finally, 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.

Diodes Price Performance

NASDAQ:DIOD opened at $64.42 on Tuesday. The firm’s fifty day moving average is $60.63 and its two-hundred day moving average is $54.83. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 45.37 and a beta of 1.61. 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 has a one year low of $32.93 and a one year high of $81.71.

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

Insider Buying and Selling

In other news, CFO Brett R. Whitmire sold 830 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was 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 in the company, valued at $4,085,529.85. The trade was a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Keh Shew Lu sold 111,000 shares of the company’s stock in a transaction that occurred on 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 transaction, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 116,205 shares of company stock valued at $7,837,213 in the last 90 days. Corporate insiders own 1.90% of the company’s stock.

Institutional Trading of Diodes

Institutional investors have recently modified their holdings of the stock. Pacer Advisors Inc. raised its position in shares of Diodes by 6.0% during the 4th quarter. Pacer Advisors Inc. now owns 147,336 shares of the semiconductor company’s stock worth $7,270,000 after purchasing an additional 8,396 shares during the last quarter. Summit Global Investments purchased a new position in shares of Diodes in the fourth quarter valued at approximately $211,000. Vident Advisory LLC acquired a new stake in shares of Diodes in the fourth quarter worth approximately $977,000. XTX Topco Ltd purchased a new position in Diodes in the 4th quarter valued at $795,000. Finally, Millennium Management LLC boosted its stake in Diodes by 472.7% during the 4th quarter. Millennium Management LLC now owns 31,361 shares of the semiconductor company’s stock worth $1,547,000 after purchasing an additional 25,885 shares during the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

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.