Diodes Incorporated (NASDAQ:DIOD) Receives $73.20 Average PT from Analysts

Shares of Diodes Incorporated (NASDAQ:DIOD) have received an average recommendation of “Hold” from the five analysts that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $73.20.

DIOD has been the subject of several recent research reports. Robert W. Baird upped their price target on Diodes from $56.00 to $72.00 and gave the company a “neutral” rating in a report on Friday, May 10th. StockNews.com cut Diodes from a “hold” rating to a “sell” rating in a research report on Monday, August 12th. Finally, Truist Financial reduced their target price on Diodes from $74.00 to $69.00 and set a “hold” rating for the company in a research report on Friday, August 9th.

Diodes Trading Up 1.0 %

Shares of DIOD stock opened at $67.24 on Friday. The firm has a market capitalization of $3.10 billion, a P/E ratio of 18.32 and a beta of 1.35. Diodes has a 1 year low of $58.96 and a 1 year high of $86.74. The firm’s fifty day simple moving average is $73.56 and its 200 day simple moving average is $71.25. The company has a current ratio of 3.18, a quick ratio of 2.05 and a debt-to-equity ratio of 0.01.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings data on Thursday, August 8th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. Diodes had a net margin of 11.36% and a return on equity of 9.11%. The company had revenue of $319.80 million for the quarter, compared to the consensus estimate of $316.12 million. During the same quarter in the previous year, the firm posted $1.59 EPS. The business’s revenue was down 31.5% compared to the same quarter last year. As a group, sell-side analysts predict that Diodes will post 1.8 EPS for the current year.

Insider Activity

In other Diodes news, CEO Keh Shew Lu sold 15,000 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $75.30, for a total transaction of $1,129,500.00. Following the completion of the transaction, the chief executive officer now directly owns 87,331 shares in the company, valued at $6,576,024.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Peter M. Menard sold 630 shares of Diodes stock in a transaction that occurred 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 completion of the transaction, the director now owns 18,050 shares in the company, valued at $1,298,878. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Keh Shew Lu sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $75.30, for a total value of $1,129,500.00. Following the completion of the transaction, the chief executive officer now directly owns 87,331 shares in the company, valued at $6,576,024.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,630 shares of company stock worth $1,618,415. Company insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Diodes

Institutional investors have recently bought and sold shares of the business. Corient Private Wealth LLC bought a new position in shares of Diodes in the fourth quarter valued at about $2,623,000. BNP Paribas Financial Markets raised its stake in shares of Diodes by 113.2% in the first quarter. BNP Paribas Financial Markets now owns 72,116 shares of the semiconductor company’s stock worth $5,084,000 after acquiring an additional 38,296 shares during the last quarter. Sei Investments Co. lifted its position in shares of Diodes by 23.5% during the fourth quarter. Sei Investments Co. now owns 724,397 shares of the semiconductor company’s stock worth $58,328,000 after purchasing an additional 137,676 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Diodes by 2.3% in the first quarter. Vanguard Group Inc. now owns 5,782,828 shares of the semiconductor company’s stock valued at $407,689,000 after purchasing an additional 132,101 shares in the last quarter. Finally, Seven Eight Capital LP bought a new position in Diodes in the 1st quarter worth approximately $1,055,000. Institutional investors 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.