Diodes (NASDAQ:DIOD) Raised to “Buy” at Wall Street Zen

Diodes (NASDAQ:DIOD) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Several other brokerages also recently weighed in on DIOD. Zacks Research downgraded Diodes from a “hold” rating to a “strong sell” rating in a report on Wednesday. Truist Financial raised their price objective on shares of Diodes from $54.00 to $67.00 and gave the company a “hold” rating in a research note on Wednesday. Benchmark lifted their target price on shares of Diodes from $62.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Weiss Ratings upgraded shares of Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $65.67.

Diodes Price Performance

Shares of NASDAQ DIOD opened at $71.07 on Friday. The company has a 50 day simple moving average of $55.74 and a two-hundred day simple moving average of $53.12. Diodes has a fifty-two week low of $32.93 and a fifty-two week high of $81.71. The company has a market capitalization of $3.26 billion, a price-to-earnings ratio of 50.05 and a beta of 1.66. 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 (NASDAQ:DIOD) last posted its quarterly earnings results on Tuesday, February 10th. The semiconductor company reported $0.34 earnings per share for the quarter, topping 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 company had revenue of $391.58 million for the quarter, compared to the consensus estimate of $380.03 million. During the same quarter in the prior year, the business posted $0.27 EPS. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. Analysts expect that Diodes will post 1.82 EPS for the current fiscal year.

Insider Activity at Diodes

In other news, SVP Emily Yang sold 950 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $60.85, for a total transaction of $57,807.50. Following the completion of the transaction, the senior vice president directly owned 74,032 shares of the company’s stock, valued at $4,504,847.20. The trade was a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brett R. Whitmire sold 830 shares of the firm’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 transaction of $50,505.50. Following the completion of the sale, the chief financial officer owned 67,141 shares in the company, valued at $4,085,529.85. This represents a 1.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 5,205 shares of company stock valued at $315,853 over the last ninety days. Company insiders own 1.90% of the company’s stock.

Institutional Trading of Diodes

Large investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its stake in shares of Diodes by 77.4% during the 2nd 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. Salomon & Ludwin LLC purchased a new position in shares of Diodes in the third quarter worth approximately $25,000. Geneos Wealth Management Inc. bought a new stake in Diodes during the second quarter valued at approximately $30,000. Farther Finance Advisors LLC increased its holdings in Diodes by 51.4% during the fourth quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 200 shares during the last quarter. Finally, MAI Capital Management increased its holdings in Diodes by 150.0% during the third quarter. MAI Capital Management now owns 685 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 411 shares during the last quarter. Institutional investors 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.