Diodes Incorporated (NASDAQ:DIOD) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Diodes Incorporated (NASDAQ:DIOD) have received an average rating of “Moderate Buy” from the five brokerages that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $113.00.

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

Diodes Price Performance

DIOD opened at $96.38 on Monday. The firm has a 50 day moving average price of $105.74 and a 200-day moving average price of $81.05. The stock has a market capitalization of $4.43 billion, a price-to-earnings ratio of 52.38 and a beta of 1.88. The company has a quick ratio of 1.97, a current ratio of 3.17 and a debt-to-equity ratio of 0.01. Diodes has a twelve month low of $42.28 and a twelve month high of $125.99.

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

Insider Transactions at Diodes

In other news, CEO Gary Yu sold 3,632 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $110.08, for a total value of $399,810.56. Following the completion of the sale, the chief executive officer owned 108,147 shares in the company, valued at approximately $11,904,821.76. This trade represents a 3.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Emily Yang sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $110.08, for a total transaction of $330,240.00. Following the completion of the sale, the senior vice president directly owned 61,878 shares of the company’s stock, valued at approximately $6,811,530.24. The trade was a 4.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 70,981 shares of company stock worth $7,616,906. 1.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Diodes

Several institutional investors and hedge funds have recently made changes to their positions in DIOD. EverSource Wealth Advisors LLC lifted its holdings in Diodes by 77.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 205 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Diodes by 51.4% during the fourth quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock worth $29,000 after buying an additional 200 shares during the period. Geneos Wealth Management Inc. bought a new stake in Diodes during the second quarter valued at about $30,000. Quarry LP purchased a new stake in shares of Diodes during the third quarter valued at about $39,000. Finally, Global Retirement Partners LLC boosted its stake in Diodes by 563.1% in the fourth quarter. Global Retirement Partners LLC now owns 809 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 687 shares in the last quarter. 99.23% of the stock is currently owned by institutional investors.

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.