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

Shares of Diodes Incorporated (NASDAQ:DIOD) have been assigned a consensus rating of “Moderate Buy” from the five analysts that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $113.00.

Several equities analysts have recently weighed in on the company. Robert W. Baird set a $120.00 price objective on Diodes in a report on Friday, May 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Diodes in a research note on Wednesday, July 15th. Zacks Research downgraded shares of Diodes from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Finally, Truist Financial lifted their price target on shares of Diodes from $98.00 to $139.00 and gave the company a “buy” rating in a research note on Friday, May 8th.

Diodes Stock Performance

DIOD stock opened at $82.00 on Friday. The business’s 50-day moving average price is $101.30 and its two-hundred day moving average price is $84.71. The company has a current ratio of 3.17, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01. The firm has a market cap of $3.77 billion, a PE ratio of 44.57 and a beta of 1.88. Diodes has a 1-year low of $42.28 and a 1-year high of $125.99.

Diodes (NASDAQ:DIOD) last posted its earnings results on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.08. Diodes had a return on equity of 3.48% and a net margin of 5.50%.The firm had revenue of $405.47 million during the quarter, compared to analysts’ expectations of $396.33 million. During the same period in the previous year, the firm earned $0.19 earnings per share. The company’s revenue was up 22.1% on a year-over-year basis. As a group, research analysts forecast that Diodes will post 2.58 earnings per share for the current year.

Insider Buying and Selling at Diodes

In related news, CEO Gary Yu sold 3,632 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $110.08, for a total value of $399,810.56. Following the sale, the chief executive officer directly owned 108,147 shares of the company’s stock, valued at approximately $11,904,821.76. The trade was a 3.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Francis Tang sold 15,330 shares of the business’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $112.04, for a total transaction of $1,717,573.20. Following the completion of the sale, the chief technology officer directly owned 71,438 shares in the company, valued at $8,003,913.52. This represents a 17.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 70,981 shares of company stock valued at $7,616,906 over the last quarter. 1.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

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

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.