Diodes Incorporated (NASDAQ:DIOD – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $77.40.
DIOD has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their target price on shares of Diodes from $85.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Thursday. Robert W. Baird downgraded shares of Diodes from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $120.00 to $70.00 in a research report on Tuesday, October 31st. Truist Financial lowered their price objective on shares of Diodes from $93.00 to $72.00 and set a “buy” rating on the stock in a research report on Thursday. StockNews.com raised shares of Diodes from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Benchmark lowered their price objective on shares of Diodes from $95.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday.
Insider Activity at Diodes
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of DIOD. Envestnet Asset Management Inc. lifted its position in Diodes by 234.4% during the first quarter. Envestnet Asset Management Inc. now owns 665,132 shares of the semiconductor company’s stock valued at $17,321,000 after buying an additional 466,204 shares in the last quarter. Norges Bank acquired a new position in shares of Diodes during the fourth quarter worth $30,756,000. Fuller & Thaler Asset Management Inc. lifted its position in shares of Diodes by 102.3% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 578,250 shares of the semiconductor company’s stock worth $50,302,000 after purchasing an additional 292,450 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Diodes by 272.2% during the first quarter. First Trust Advisors LP now owns 232,230 shares of the semiconductor company’s stock worth $21,542,000 after purchasing an additional 169,840 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Diodes by 266.9% during the first quarter. Renaissance Technologies LLC now owns 212,651 shares of the semiconductor company’s stock worth $18,499,000 after purchasing an additional 154,700 shares in the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.
Diodes Stock Up 3.7 %
Shares of NASDAQ:DIOD opened at $63.00 on Thursday. The firm has a 50 day simple moving average of $74.97 and a 200-day simple moving average of $83.64. Diodes has a twelve month low of $60.00 and a twelve month high of $97.45. The company has a current ratio of 2.85, a quick ratio of 2.02 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $2.89 billion, a PE ratio of 9.91 and a beta of 1.47.
Diodes (NASDAQ:DIOD – Get Free Report) last posted its earnings results on Wednesday, November 8th. The semiconductor company reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.07). The company had revenue of $404.60 million during the quarter, compared to analysts’ expectations of $425.75 million. Diodes had a net margin of 16.02% and a return on equity of 16.56%. The company’s quarterly revenue was down 22.4% on a year-over-year basis. During the same period last year, the business earned $2.00 earnings per share. On average, equities analysts predict that Diodes will post 5.51 EPS for the current fiscal year.
Diodes Company Profile
Diodes Incorporated engages in the manufacture and supply of application-specific standard products in the broad discrete, logic, analog, and mixed-signal semiconductor markets worldwide. The company offers discrete semiconductor products, such as MOSFET, TVS, and performance Schottky rectifiers; GPP bridges and rectifiers, and performance Schottky diodes; performance Zener diodes, including tight tolerance and low operating current type; standard, fast, super-fast, and ultra-fast recovery rectifiers; bridge rectifiers; switching diodes; small signal bipolar and prebiased transistors; thyristor surge protection devices; and transient voltage suppressors.
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