Diodes Incorporated (NASDAQ:DIOD) Receives Average Recommendation of “Buy” from Analysts

Diodes Incorporated (NASDAQ:DIOD) has been given an average rating of “Buy” by the five ratings firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $113.00.

DIOD has been the subject of several research analyst reports. Truist Financial boosted their price objective on Diodes from $98.00 to $139.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Wall Street Zen raised Diodes from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Zacks Research raised Diodes from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Robert W. Baird set a $120.00 price objective on Diodes in a research report on Friday, May 8th. Finally, Benchmark boosted their price objective on Diodes from $62.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th.

Insider Activity

In related news, CFO Brett R. Whitmire sold 16,556 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $103.34, for a total transaction of $1,710,897.04. Following the transaction, the chief financial officer directly owned 44,632 shares in the company, valued at $4,612,270.88. The trade was a 27.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Francis Tang sold 15,330 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $112.04, for a total value of $1,717,573.20. Following the transaction, the chief technology officer owned 71,438 shares in the company, valued at $8,003,913.52. This represents a 17.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 70,981 shares of company stock valued at $7,616,906. Corporate insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Diodes

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its stake in Diodes by 77.4% during the second quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 205 shares during the period. Farther Finance Advisors LLC increased its stake in Diodes by 51.4% during the fourth quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 200 shares during the period. Geneos Wealth Management Inc. bought a new position in Diodes during the second quarter valued at about $30,000. MAI Capital Management grew its stake in shares of Diodes by 150.0% in the 3rd quarter. MAI Capital Management now owns 685 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 411 shares during the period. Finally, Quarry LP bought a new stake in shares of Diodes in the 3rd quarter valued at approximately $39,000. 99.23% of the stock is currently owned by institutional investors.

Diodes Price Performance

Shares of NASDAQ:DIOD opened at $100.45 on Thursday. Diodes has a fifty-two week low of $42.28 and a fifty-two week high of $121.96. The business has a 50-day moving average of $97.29 and a two-hundred day moving average of $72.23. The stock has a market capitalization of $4.61 billion, a P/E ratio of 54.59 and a beta of 1.90. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 1.97.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.08. Diodes had a return on equity of 3.48% and a net margin of 5.50%.The business had revenue of $405.47 million during the quarter, compared to analysts’ expectations of $396.33 million. During the same quarter in the previous year, the firm earned $0.19 EPS. The firm’s revenue was up 22.1% compared to the same quarter last year. On average, equities research analysts predict that Diodes will post 2.58 EPS for the current fiscal year.

About Diodes

Diodes Incorporated (NASDAQ: DIOD) is a global manufacturer and supplier of high‐performance discrete, logic, analog and mixed‐signal semiconductor products. Headquartered in Plano, Texas, the company designs and develops a broad range of discrete components, standard logic functions, power management circuits, interface products and array products. Its portfolio includes rectifiers, MOSFETs, general‐purpose diodes, voltage regulators, comparators, buffers and other building blocks for electronic systems.

Diodes Incorporated serves a variety of end markets such as automotive, computing, communications, consumer electronics, industrial and lighting.