Diodes PT Raised to $34.00 at Topeka Capital Markets (DIOD)
Stock analysts at Topeka Capital Markets upped their price target on shares of Diodes (NASDAQ:DIOD) from $32.00 to $34.00 in a report issued on Tuesday. The firm currently has a “buy” rating on the stock. Topeka Capital Markets’ target price indicates a potential upside of 15.37% from the stock’s previous close.
Shares of Diodes (NASDAQ:DIOD) opened at 29.47 on Tuesday. Diodes has a one year low of $19.26 and a one year 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 $1.379 billion and a price-to-earnings ratio of 36.72.
Diodes (NASDAQ:DIOD) last announced its 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.
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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several other analysts have also recently commented on the stock. Analysts at Robert W. Baird raised their price target on shares of Diodes from $30.00 to $33.00 in a research note on Tuesday. Separately, analysts at TheStreet upgraded shares of Diodes from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Finally, 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. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Diodes has a consensus rating of “Buy” and an average price target of $30.33.
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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