Diodes Incorporated (NASDAQ:DIOD) Receives $73.20 Average PT from Analysts

Shares of Diodes Incorporated (NASDAQ:DIOD) have earned an average recommendation of “Hold” from the five research firms that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $73.20.

Several brokerages have issued reports on DIOD. StockNews.com cut Diodes from a “hold” rating to a “sell” rating in a report on Monday. Truist Financial dropped their price objective on shares of Diodes from $74.00 to $69.00 and set a “hold” rating for the company in a report on Friday, August 9th. Finally, Robert W. Baird lifted their target price on shares of Diodes from $56.00 to $72.00 and gave the stock a “neutral” rating in a research note on Friday, May 10th.

Insider Transactions at Diodes

In other Diodes news, Director Peter M. Menard sold 630 shares of the company’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $71.96, for a total value of $45,334.80. Following the transaction, the director now owns 18,050 shares of the company’s stock, valued at $1,298,878. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Peter M. Menard sold 630 shares of Diodes stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $71.96, for a total value of $45,334.80. Following the completion of the sale, the director now owns 18,050 shares in the company, valued at approximately $1,298,878. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Keh Shew Lu sold 15,000 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $75.30, for a total value of $1,129,500.00. Following the transaction, the chief executive officer now directly owns 87,331 shares in the company, valued at approximately $6,576,024.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,630 shares of company stock worth $1,618,415. 2.30% of the stock is currently owned by company insiders.

Institutional Trading of Diodes

Large investors have recently modified their holdings of the stock. GAMMA Investing LLC acquired a new position in Diodes during the 4th quarter worth $30,000. EntryPoint Capital LLC purchased a new position in shares of Diodes in the 1st quarter valued at about $40,000. Riverview Trust Co acquired a new position in shares of Diodes during the first quarter worth about $51,000. Principal Securities Inc. purchased a new stake in shares of Diodes during the fourth quarter worth approximately $74,000. Finally, Innealta Capital LLC acquired a new stake in Diodes in the second quarter valued at approximately $88,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Diodes Stock Performance

NASDAQ:DIOD opened at $63.25 on Friday. Diodes has a twelve month low of $58.96 and a twelve month high of $86.74. The company has a market cap of $2.92 billion, a P/E ratio of 17.23 and a beta of 1.35. The company has a current ratio of 3.18, a quick ratio of 2.05 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average price is $73.78 and its 200-day moving average price is $71.30.

Diodes (NASDAQ:DIOD) last released its earnings results on Thursday, August 8th. The semiconductor company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The business had revenue of $319.80 million for the quarter, compared to analyst estimates of $316.12 million. Diodes had a net margin of 11.36% and a return on equity of 9.11%. The business’s revenue was down 31.5% on a year-over-year basis. During the same period last year, the company posted $1.59 EPS. On average, sell-side analysts forecast that Diodes will post 1.8 earnings per share for the current fiscal year.

About Diodes

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.