Diodes Incorporated (NASDAQ:DIOD) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Diodes Incorporated (NASDAQ:DIOD) have received a consensus recommendation of “Hold” from the five research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $65.6667.

DIOD has been the subject of several analyst reports. Truist Financial lifted their price target on shares of Diodes from $54.00 to $67.00 and gave the stock a “hold” rating in a research report on Wednesday, February 11th. Weiss Ratings raised shares of Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, January 21st. Wall Street Zen upgraded shares of Diodes from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Benchmark increased their price target on Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Finally, Zacks Research lowered Diodes from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 11th.

Insider Transactions at Diodes

In other Diodes news, Director Keh Shew Lu sold 111,000 shares of the stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $67.76, for a total value of $7,521,360.00. Following the transaction, the director owned 180,131 shares of the company’s stock, valued at approximately $12,205,676.56. This represents a 38.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Brett R. Whitmire sold 830 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $60.85, for a total value of $50,505.50. Following the transaction, the chief financial officer owned 67,141 shares in the company, valued at approximately $4,085,529.85. This trade represents a 1.22% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 116,205 shares of company stock valued at $7,837,213. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Captrust Financial Advisors raised its holdings in Diodes by 3.1% in the fourth quarter. Captrust Financial Advisors now owns 4,882 shares of the semiconductor company’s stock worth $241,000 after purchasing an additional 145 shares during the period. Verdence Capital Advisors LLC grew its holdings in shares of Diodes by 2.3% in the 4th quarter. Verdence Capital Advisors LLC now owns 8,430 shares of the semiconductor company’s stock valued at $416,000 after buying an additional 186 shares during the period. Arizona State Retirement System increased its position in shares of Diodes by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 13,720 shares of the semiconductor company’s stock valued at $730,000 after buying an additional 189 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Diodes by 51.4% during the 4th quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock worth $29,000 after buying an additional 200 shares during the period. Finally, Strs Ohio raised its stake in Diodes by 2.2% during the 4th quarter. Strs Ohio now owns 9,100 shares of the semiconductor company’s stock worth $449,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 99.23% of the company’s stock.

Diodes Stock Down 3.9%

NASDAQ DIOD opened at $68.20 on Friday. The stock has a market capitalization of $3.13 billion, a P/E ratio of 48.03 and a beta of 1.61. Diodes has a 52 week low of $32.93 and a 52 week high of $81.71. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.08 and a current ratio of 3.32. The stock has a fifty day moving average of $64.85 and a 200-day moving average of $56.19.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings results on Tuesday, February 10th. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.08. The business had revenue of $391.58 million for the quarter, compared to analyst estimates of $380.03 million. Diodes had a return on equity of 2.95% and a net margin of 4.46%.The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.27 earnings per share. On average, equities research analysts forecast that Diodes will post 1.82 EPS for the current year.

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.