Analysts Set Diodes Incorporated (NASDAQ:DIOD) Price Target at $74.20

Shares of Diodes Incorporated (NASDAQ:DIOD) have been given an average rating of “Hold” by the five brokerages that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $74.20.

Several research firms recently commented on DIOD. Robert W. Baird boosted their target price on Diodes from $56.00 to $72.00 and gave the stock a “neutral” rating in a research note on Friday, May 10th. Truist Financial boosted their price objective on Diodes from $67.00 to $74.00 and gave the stock a “hold” rating in a research report on Friday, May 10th.

Diodes Stock Down 3.0 %

Shares of DIOD opened at $79.36 on Tuesday. The company’s 50-day simple moving average is $74.40 and its 200-day simple moving average is $71.37. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.05 and a current ratio of 3.18. Diodes has a 1 year low of $60.00 and a 1 year high of $94.93. The stock has a market capitalization of $3.66 billion, a PE ratio of 21.62 and a beta of 1.36.

Diodes (NASDAQ:DIOD) last released its earnings results on Thursday, May 9th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $301.90 million for the quarter, compared to analyst estimates of $305.47 million. Diodes had a net margin of 11.36% and a return on equity of 9.11%. The firm’s quarterly revenue was down 35.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.59 EPS. Analysts forecast that Diodes will post 1.8 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Keh Shew Lu sold 6,000 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $73.93, for a total transaction of $443,580.00. Following the sale, the chief executive officer now owns 102,996 shares of the company’s stock, valued at approximately $7,614,494.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Peter M. Menard sold 630 shares of the stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $71.96, for a total value of $45,334.80. Following the transaction, the director now directly owns 18,050 shares of the company’s stock, valued at approximately $1,298,878. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Keh Shew Lu sold 6,000 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $73.93, for a total transaction of $443,580.00. Following the completion of the sale, the chief executive officer now directly owns 102,996 shares of the company’s stock, valued at $7,614,494.28. The disclosure for this sale can be found here. Insiders sold 30,630 shares of company stock valued at $2,272,715 in the last ninety days. Insiders own 2.30% of the company’s stock.

Institutional Trading of Diodes

Hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC acquired a new stake in shares of Diodes in the 4th quarter valued at about $30,000. EntryPoint Capital LLC acquired a new position in Diodes during the first quarter worth approximately $40,000. Riverview Trust Co purchased a new stake in Diodes in the first quarter valued at approximately $51,000. Principal Securities Inc. acquired a new stake in shares of Diodes in the fourth quarter valued at approximately $74,000. Finally, NBC Securities Inc. grew its position in shares of Diodes by 62.3% during the first quarter. NBC Securities Inc. now owns 1,227 shares of the semiconductor company’s stock worth $86,000 after acquiring an additional 471 shares during the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

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.