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

Diodes Incorporated (NASDAQ:DIOD) has been given an average recommendation of “Moderate Buy” by the five ratings firms that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $113.00.

DIOD has been the topic of several recent analyst reports. Zacks Research lowered Diodes from a “strong-buy” rating to a “hold” rating in a report on Monday. Truist Financial boosted their price target on Diodes from $98.00 to $139.00 and gave the company a “buy” rating in a report on Friday, May 8th. Finally, Robert W. Baird set a $120.00 price target on Diodes in a report on Friday, May 8th.

Diodes Stock Performance

DIOD stock opened at $108.80 on Thursday. The business’s 50-day moving average price is $101.27 and its two-hundred day moving average price is $74.48. The company has a current ratio of 3.17, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01. The firm has a market cap of $5.00 billion, a PE ratio of 59.13 and a beta of 1.90. Diodes has a 1-year low of $42.28 and a 1-year high of $121.96.

Diodes (NASDAQ:DIOD) last posted its earnings results 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. The firm had revenue of $405.47 million for 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%.The company’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.19 earnings per share. As a group, research analysts forecast that Diodes will post 2.58 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Emily Yang sold 3,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $110.08, for a total value of $330,240.00. Following the sale, the senior vice president directly owned 61,878 shares in the company, valued at $6,811,530.24. The trade was a 4.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gary Yu sold 3,632 shares of the business’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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 70,981 shares of company stock valued at $7,616,906. Corporate insiders own 1.70% of the company’s stock.

Institutional Trading of Diodes

A number of institutional investors have recently modified their holdings of DIOD. EverSource Wealth Advisors LLC increased its position in shares of Diodes by 77.4% in 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 last quarter. Farther Finance Advisors LLC increased its position in shares of Diodes by 51.4% in 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 last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of Diodes in the second quarter valued at about $30,000. MAI Capital Management increased its position in shares of Diodes by 150.0% in the third quarter. MAI Capital Management now owns 685 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 411 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of Diodes in the third quarter valued at about $39,000. 99.23% of the stock is currently owned by institutional investors.

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.