Diodes Incorporated (NASDAQ:DIOD) Given Average Rating of “Hold” by Analysts

Shares of Diodes Incorporated (NASDAQ:DIOD) have been given an average rating of “Hold” by the five research firms that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $72.40.

A number of equities research analysts have issued reports on the company. Wells Fargo & Company reduced their price target on Diodes from $80.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 7th. Truist Financial reduced their price target on Diodes from $78.00 to $67.00 and set a “hold” rating on the stock in a research report on Wednesday, February 7th. Finally, TD Cowen increased their price target on Diodes from $72.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th.

Diodes Price Performance

DIOD opened at $70.94 on Friday. The stock’s 50-day moving average price is $68.54 and its 200 day moving average price is $71.44. Diodes has a 12-month low of $60.00 and a 12-month high of $97.37. The company has a current ratio of 3.02, a quick ratio of 2.03 and a debt-to-equity ratio of 0.01. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 14.45 and a beta of 1.46.

Diodes (NASDAQ:DIOD) last posted its earnings results on Tuesday, February 6th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.04. The firm had revenue of $322.70 million for the quarter, compared to analyst estimates of $324.76 million. Diodes had a return on equity of 12.79% and a net margin of 13.67%. Diodes’s revenue was down 35.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.73 EPS. As a group, sell-side analysts expect that Diodes will post 2.55 earnings per share for the current year.

Insider Activity

In other news, CFO Brett R. Whitmire sold 3,400 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $67.30, for a total value of $228,820.00. Following the transaction, the chief financial officer now owns 48,265 shares in the company, valued at approximately $3,248,234.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Keh Shew Lu sold 3,000 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $68.14, for a total value of $204,420.00. Following the transaction, the chief executive officer now owns 256,492 shares in the company, valued at approximately $17,477,364.88. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Brett R. Whitmire sold 3,400 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $67.30, for a total value of $228,820.00. Following the transaction, the chief financial officer now owns 48,265 shares in the company, valued at approximately $3,248,234.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,900 shares of company stock worth $1,774,570. 2.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in Diodes by 2.1% during the 1st quarter. BlackRock Inc. now owns 7,095,551 shares of the semiconductor company’s stock worth $617,241,000 after buying an additional 147,907 shares during the last quarter. Vanguard Group Inc. grew its stake in Diodes by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 5,650,727 shares of the semiconductor company’s stock worth $454,997,000 after buying an additional 70,121 shares during the last quarter. Earnest Partners LLC grew its stake in Diodes by 2.3% during the 3rd quarter. Earnest Partners LLC now owns 2,134,515 shares of the semiconductor company’s stock worth $168,285,000 after buying an additional 47,472 shares during the last quarter. Finally, State Street Corp grew its stake in Diodes by 2.1% during the 2nd quarter. State Street Corp now owns 2,025,050 shares of the semiconductor company’s stock worth $187,297,000 after buying an additional 42,310 shares during the last quarter. 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.