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

Shares of Diodes Incorporated (NASDAQ:DIOD) have earned an average rating of “Hold” from the five research firms that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $72.40.

A number of research analysts have recently issued reports on DIOD shares. Truist Financial cut their price objective on shares of Diodes from $78.00 to $67.00 and set a “hold” rating on the stock in a research report on Wednesday, February 7th. TD Cowen lifted their price target on shares of Diodes from $72.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Finally, Wells Fargo & Company decreased their price objective on Diodes from $80.00 to $70.00 and set an “equal weight” rating for the company in a report on Wednesday, February 7th.

Insiders Place Their Bets

In other Diodes news, CEO Keh Shew Lu sold 3,000 shares of the firm’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $68.14, for a total value of $204,420.00. Following the completion of the transaction, the chief executive officer now owns 256,492 shares of the company’s stock, valued at $17,477,364.88. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CFO Brett R. Whitmire sold 3,400 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $67.30, for a total value of $228,820.00. Following the sale, the chief financial officer now owns 48,265 shares in the company, valued at $3,248,234.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Keh Shew Lu sold 3,000 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $68.14, for a total transaction of $204,420.00. Following the completion of the transaction, the chief executive officer now owns 256,492 shares in the company, valued at approximately $17,477,364.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,900 shares of company stock valued at $1,774,570. Insiders own 2.20% of the company’s stock.

Institutional Trading of Diodes

Several institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. boosted its position in Diodes by 2.1% in the 1st quarter. BlackRock Inc. now owns 7,095,551 shares of the semiconductor company’s stock worth $617,241,000 after purchasing an additional 147,907 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Diodes by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 5,650,727 shares of the semiconductor company’s stock valued at $454,997,000 after acquiring an additional 70,121 shares during the last quarter. Earnest Partners LLC boosted its stake in Diodes by 2.3% during the 3rd quarter. Earnest Partners LLC now owns 2,134,515 shares of the semiconductor company’s stock worth $168,285,000 after purchasing an additional 47,472 shares during the last quarter. Finally, State Street Corp boosted its position in Diodes by 2.1% during the second quarter. State Street Corp now owns 2,025,050 shares of the semiconductor company’s stock worth $187,297,000 after acquiring an additional 42,310 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Diodes Trading Down 0.6 %

Shares of NASDAQ DIOD opened at $67.89 on Friday. The company has a quick ratio of 2.03, a current ratio of 3.02 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $68.31 and a two-hundred day simple moving average of $71.54. The firm has a market cap of $3.12 billion, a PE ratio of 13.83 and a beta of 1.46. Diodes has a twelve month low of $60.00 and a twelve month high of $97.37.

Diodes (NASDAQ:DIOD) last posted its earnings results on Tuesday, February 6th. The semiconductor company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. Diodes had a return on equity of 12.79% and a net margin of 13.67%. The company had revenue of $322.70 million during the quarter, compared to analyst estimates of $324.76 million. During the same quarter in the prior year, the business earned $1.73 earnings per share. Diodes’s revenue was down 35.0% on a year-over-year basis. Analysts expect that Diodes will post 2.55 earnings per share for the current fiscal year.

Diodes Company Profile

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.