StockNews.com downgraded shares of Diodes (NASDAQ:DIOD – Free Report) from a hold rating to a sell rating in a research report released on Wednesday morning.
Other equities analysts have also issued research reports about the stock. Truist Financial decreased their price target on shares of Diodes from $74.00 to $69.00 and set a hold rating on the stock in a report on Friday, August 9th. Robert W. Baird lifted their target price on Diodes from $56.00 to $72.00 and gave the company a neutral rating in a report on Friday, May 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has an average rating of Hold and a consensus target price of $73.20.
Get Our Latest Stock Analysis on Diodes
Diodes Stock Performance
Diodes (NASDAQ:DIOD – Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The semiconductor company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. Diodes had a net margin of 11.36% and a return on equity of 9.11%. The company had revenue of $319.80 million during the quarter, compared to the consensus estimate of $316.12 million. During the same quarter in the prior year, the company posted $1.59 EPS. The company’s quarterly revenue was down 31.5% compared to the same quarter last year. On average, research analysts predict that Diodes will post 1.8 earnings per share for the current year.
Insider Activity at Diodes
In related news, CEO Keh Shew Lu sold 20,010 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $67.25, for a total value of $1,345,672.50. Following the transaction, the chief executive officer now owns 246,492 shares in the company, valued at $16,576,587. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other 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 transaction of $45,334.80. Following the sale, the director now owns 18,050 shares in the company, valued at $1,298,878. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Keh Shew Lu sold 20,010 shares of Diodes stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $67.25, for a total transaction of $1,345,672.50. Following the sale, the chief executive officer now owns 246,492 shares in the company, valued at approximately $16,576,587. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.
Institutional Trading of Diodes
Hedge funds have recently made changes to their positions in the company. Corient Private Wealth LLC purchased a new stake in shares of Diodes during the fourth quarter valued at approximately $2,623,000. BNP Paribas Financial Markets raised its stake in shares of Diodes by 113.2% during the first quarter. BNP Paribas Financial Markets now owns 72,116 shares of the semiconductor company’s stock valued at $5,084,000 after purchasing an additional 38,296 shares during the period. Sei Investments Co. raised its stake in shares of Diodes by 23.5% during the fourth quarter. Sei Investments Co. now owns 724,397 shares of the semiconductor company’s stock valued at $58,328,000 after purchasing an additional 137,676 shares during the period. Vanguard Group Inc. raised its stake in shares of Diodes by 2.3% during the first quarter. Vanguard Group Inc. now owns 5,782,828 shares of the semiconductor company’s stock valued at $407,689,000 after purchasing an additional 132,101 shares during the period. Finally, Seven Eight Capital LP acquired a new stake in shares of Diodes during the first quarter worth approximately $1,055,000. 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.
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