Diodes Incorporated (NASDAQ:DIOD) Given Consensus Rating of “Moderate Buy” by Analysts

Diodes Incorporated (NASDAQ:DIOD) has received a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $113.00.

A number of analysts recently weighed in on DIOD shares. Robert W. Baird set a $120.00 price objective on shares of Diodes in a report on Friday, May 8th. Truist Financial boosted their target price on shares of Diodes from $98.00 to $139.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Finally, Zacks Research cut shares of Diodes from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th.

Insiders Place Their Bets

In related news, CFO Brett R. Whitmire sold 16,556 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $103.34, for a total value of $1,710,897.04. Following the sale, the chief financial officer directly owned 44,632 shares in the company, valued at $4,612,270.88. This trade represents a 27.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gary Yu sold 3,632 shares of Diodes stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $110.08, for a total value of $399,810.56. Following the sale, the chief executive officer directly owned 108,147 shares in the company, valued at $11,904,821.76. The trade was a 3.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 70,981 shares of company stock worth $7,616,906. 1.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Diodes

Several institutional investors have recently bought and sold shares of DIOD. JPMorgan Chase & Co. raised its position in shares of Diodes by 49.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 464,429 shares of the semiconductor company’s stock worth $24,712,000 after buying an additional 153,905 shares in the last quarter. Evergreen Capital Management LLC bought a new position in shares of Diodes in the fourth quarter valued at approximately $476,000. Bessemer Group Inc. boosted its holdings in shares of Diodes by 14.5% in the fourth quarter. Bessemer Group Inc. now owns 419,648 shares of the semiconductor company’s stock valued at $20,707,000 after acquiring an additional 53,039 shares in the last quarter. Tributary Capital Management LLC increased its stake in shares of Diodes by 7.1% during the fourth quarter. Tributary Capital Management LLC now owns 346,023 shares of the semiconductor company’s stock valued at $17,073,000 after acquiring an additional 22,903 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of Diodes by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 6,154,859 shares of the semiconductor company’s stock valued at $303,681,000 after acquiring an additional 166,603 shares during the period. Institutional investors and hedge funds own 99.23% of the company’s stock.

Diodes Price Performance

Shares of DIOD opened at $96.25 on Monday. Diodes has a 12 month low of $42.28 and a 12 month high of $125.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 1.97. The stock has a fifty day moving average price of $106.35 and a 200 day moving average price of $79.50. The company has a market cap of $4.42 billion, a P/E ratio of 52.31 and a beta of 1.88.

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

Diodes Company Profile

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.