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

Diodes Incorporated (NASDAQ:DIOD) has received a consensus rating of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $55.3333.

A number of equities analysts recently issued reports on the stock. Zacks Research upgraded shares of Diodes from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Wall Street Zen downgraded shares of Diodes from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Truist Financial increased their price target on Diodes from $51.00 to $54.00 and gave the company a “hold” rating in a research note on Friday, December 19th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Diodes in a report on Monday, December 29th.

Insider Buying and Selling at Diodes

In other news, Director Keh Shew Lu sold 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $47.42, for a total value of $284,520.00. Following the completion of the transaction, the director owned 244,397 shares of the company’s stock, valued at $11,589,305.74. This represents a 2.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Diodes

A number of hedge funds have recently made changes to their positions in the stock. Salomon & Ludwin LLC bought a new stake in shares of Diodes in the 3rd quarter valued at $25,000. EverSource Wealth Advisors LLC raised its holdings in shares of Diodes by 77.4% during the second quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 205 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in shares of Diodes by 283.1% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 544 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 402 shares in the last quarter. Geneos Wealth Management Inc. bought a new position in shares of Diodes during the 2nd quarter worth about $30,000. Finally, Fifth Third Bancorp grew its stake in shares of Diodes by 85.8% in the 2nd quarter. Fifth Third Bancorp now owns 628 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 290 shares during the period. 99.23% of the stock is currently owned by institutional investors.

Diodes Price Performance

Diodes stock opened at $55.08 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.09 and a current ratio of 3.32. Diodes has a 52 week low of $32.93 and a 52 week high of $64.60. The stock has a market capitalization of $2.55 billion, a P/E ratio of 39.91 and a beta of 1.65. The stock has a fifty day moving average of $49.22 and a 200-day moving average of $52.17.

Diodes (NASDAQ:DIOD) last released its earnings results on Tuesday, March 8th. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter. The firm had revenue of $350.37 million for the quarter. Diodes had a return on equity of 2.81% and a net margin of 4.49%. On average, sell-side analysts expect that Diodes will post 1.82 earnings per share for the current fiscal year.

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.