Diodes Incorporated (NASDAQ:DIOD) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Diodes Incorporated (NASDAQ:DIOD) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $55.00.

Several brokerages have issued reports on DIOD. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Diodes in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Diodes from a “hold” rating to a “buy” rating in a research note on Sunday, August 31st. Finally, Zacks Research raised shares of Diodes from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th.

Diodes Price Performance

Diodes stock opened at $55.83 on Wednesday. The company’s fifty day moving average price is $54.14 and its 200 day moving average price is $50.20. Diodes has a 1 year low of $32.93 and a 1 year high of $67.40. The stock has a market capitalization of $2.59 billion, a P/E ratio of 40.75 and a beta of 1.63. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.04 and a current ratio of 3.33.

Diodes (NASDAQ:DIOD) last released its quarterly earnings results on Tuesday, March 8th. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter. Diodes had a net margin of 4.59% and a return on equity of 2.98%. The firm had revenue of $350.37 million for the quarter. As a group, equities research analysts anticipate that Diodes will post 1.82 earnings per share for the current fiscal year.

Insider Buying and Selling at Diodes

In other Diodes news, SVP Emily Yang sold 1,000 shares of Diodes stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $56.36, for a total transaction of $56,360.00. Following the sale, the senior vice president owned 59,479 shares of the company’s stock, valued at $3,352,236.44. The trade was a 1.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brett R. Whitmire sold 2,000 shares of the business’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $55.90, for a total transaction of $111,800.00. Following the transaction, the chief financial officer directly owned 48,777 shares in the company, valued at approximately $2,726,634.30. The trade was a 3.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 2.30% of the company’s stock.

Institutional Trading of Diodes

Institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its stake in Diodes by 77.4% during the second 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. Salomon & Ludwin LLC acquired a new stake in shares of Diodes in the third quarter valued at approximately $25,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Diodes by 283.1% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 544 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 402 shares during the period. Geneos Wealth Management Inc. acquired a new stake in shares of Diodes during the second quarter worth $30,000. Finally, Signaturefd LLC lifted its holdings in shares of Diodes by 170.1% during the first quarter. Signaturefd LLC now owns 597 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 376 shares during the period. 99.23% of the stock is currently owned by hedge funds and other 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.