StockNews.com Upgrades Diodes (NASDAQ:DIOD) to “Hold”

Diodes (NASDAQ:DIOD) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Monday.

DIOD has been the topic of several other research reports. Benchmark lowered their price target on shares of Diodes from $83.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday. Truist Financial lowered their price target on shares of Diodes from $69.00 to $62.00 and set a “hold” rating on the stock in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $72.80.

Diodes Stock Performance

DIOD traded down $2.48 during midday trading on Monday, reaching $61.75. The company had a trading volume of 304,424 shares, compared to its average volume of 345,443. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.10 and a current ratio of 3.38. The stock has a market cap of $2.86 billion, a PE ratio of 46.78 and a beta of 1.32. Diodes has a 12-month low of $58.44 and a 12-month high of $86.74. The business has a 50-day moving average price of $62.45 and a two-hundred day moving average price of $69.17.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings results on Thursday, August 8th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. Diodes had a net margin of 4.72% and a return on equity of 3.93%. The company had revenue of $319.80 million for the quarter, compared to analyst estimates of $316.12 million. During the same quarter in the previous year, the firm posted $1.59 earnings per share. The company’s quarterly revenue was down 31.5% compared to the same quarter last year. On average, sell-side analysts expect that Diodes will post 1.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Brett R. Whitmire sold 1,900 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $69.99, for a total transaction of $132,981.00. Following the sale, the chief financial officer now owns 46,365 shares of the company’s stock, valued at approximately $3,245,086.35. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, SVP Emily Yang sold 1,272 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $72.16, for a total value of $91,787.52. Following the transaction, the senior vice president now owns 29,028 shares of the company’s stock, valued at $2,094,660.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Brett R. Whitmire sold 1,900 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $69.99, for a total transaction of $132,981.00. Following the completion of the transaction, the chief financial officer now directly owns 46,365 shares in the company, valued at $3,245,086.35. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,182 shares of company stock valued at $1,640,921. Company insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Diodes

A number of institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC boosted its stake in shares of Diodes by 66.5% in the 2nd quarter. GAMMA Investing LLC now owns 453 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 181 shares in the last quarter. SummerHaven Investment Management LLC boosted its stake in shares of Diodes by 2.7% in the 2nd quarter. SummerHaven Investment Management LLC now owns 8,101 shares of the semiconductor company’s stock valued at $583,000 after purchasing an additional 210 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of Diodes by 5.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 4,245 shares of the semiconductor company’s stock valued at $299,000 after purchasing an additional 224 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Diodes by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 12,861 shares of the semiconductor company’s stock valued at $925,000 after purchasing an additional 236 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV boosted its position in Diodes by 2.5% during the 2nd quarter. Azzad Asset Management Inc. ADV now owns 10,115 shares of the semiconductor company’s stock valued at $728,000 after buying an additional 250 shares during the period. Hedge funds and other institutional investors own 99.23% of the company’s stock.

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.