Diodes Given New $33.00 Price Target at Robert W. Baird (DIOD)
Stock analysts at Robert W. Baird raised their price target on shares of Diodes (NASDAQ:DIOD) from $30.00 to $33.00 in a report issued on Tuesday. Robert W. Baird’s target price suggests a potential upside of 11.98% from the company’s current price.
In other Diodes news, Director Raymond Soong sold 110,000 shares of the company’s stock on the open market in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $27.50, for a total value of $3,025,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Diodes (NASDAQ:DIOD) traded up 3.22% during mid-day trading on Tuesday, hitting $30.42. 372,095 shares of the company’s stock traded hands. Diodes has a 52 week low of $19.26 and a 52 week high of $30.28. The stock has a 50-day moving average of $27.13 and a 200-day moving average of $24.61. The company has a market cap of $1.424 billion and a P/E ratio of 36.75.
Diodes (NASDAQ:DIOD) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.23 by $0.03. The company had revenue of $209.99 million for the quarter, compared to the consensus estimate of $208.73 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was up 18.6% on a year-over-year basis. On average, analysts predict that Diodes will post $1.47 earnings per share for the current fiscal year.
A number of other firms have also recently commented on DIOD. Analysts at TheStreet upgraded shares of Diodes from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of Diodes in a research note on Friday, May 9th. They now have a $30.00 price target on the stock, up previously from $25.00. Finally, analysts at Benchmark Co. raised their price target on shares of Diodes from $28.00 to $30.00 in a research note on Friday, May 9th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $30.76.
Diodes Incorporated is a global manufacturer and supplier of application specific standard products within the discrete, logic and analog semiconductor markets, serving the consumer electronics, computing, communications, industrial and automotive markets.
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