Shares of Diodes Incorporated (NASDAQ:DIOD – Get Free Report) 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.
Check Out Our Latest Analysis on DIOD
Insider Transactions at Diodes
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 – Get Free Report) 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.
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