Diodes (NASDAQ:DIOD) Shares Up 7.4% – Still a Buy?

Shares of Diodes Incorporated (NASDAQ:DIOD) shot up 7.4% during trading on Monday . The company traded as high as $78.00 and last traded at $73.6710. 215,632 shares changed hands during trading, a decline of 50% from the average session volume of 432,686 shares. The stock had previously closed at $68.58.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DIOD. Wall Street Zen upgraded shares of Diodes from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Truist Financial upped their price target on shares of Diodes from $54.00 to $67.00 and gave the company a “hold” rating in a research note on Wednesday, February 11th. Benchmark increased their target price on shares of Diodes from $62.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Weiss Ratings upgraded shares of Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, January 21st. Finally, Zacks Research cut shares of Diodes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 11th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $82.33.

Diodes Stock Down 0.5%

The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.08 and a current ratio of 3.32. The firm has a market capitalization of $3.36 billion, a PE ratio of 51.61 and a beta of 1.58. The company’s 50 day simple moving average is $66.52 and its 200-day simple moving average is $56.97.

Diodes (NASDAQ:DIOD) last posted its earnings results on Tuesday, February 10th. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.08. Diodes had a net margin of 4.46% and a return on equity of 2.95%. The business had revenue of $391.58 million for the quarter, compared to analysts’ expectations of $380.03 million. During the same period in the prior year, the company posted $0.27 EPS. The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. On average, analysts forecast that Diodes Incorporated will post 1.82 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Keh Shew Lu sold 111,000 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $67.76, for a total value of $7,521,360.00. Following the transaction, the director owned 180,131 shares of the company’s stock, valued at $12,205,676.56. This represents a 38.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Gary Yu sold 2,900 shares of the stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $60.85, for a total transaction of $176,465.00. Following the completion of the transaction, the chief executive officer directly owned 111,671 shares in the company, valued at $6,795,180.35. The trade was a 2.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 116,205 shares of company stock worth $7,837,213. Company insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Diodes

A number of institutional investors have recently made changes to their positions in DIOD. Salomon & Ludwin LLC bought a new position in shares of Diodes in the 3rd quarter worth $25,000. EverSource Wealth Advisors LLC increased its holdings in shares of Diodes by 77.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock worth $25,000 after buying an additional 205 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Diodes by 51.4% in the 4th 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 last quarter. Geneos Wealth Management Inc. bought a new position in shares of Diodes in the 2nd quarter worth $30,000. Finally, MAI Capital Management increased its holdings in shares of Diodes by 150.0% in the 3rd quarter. MAI Capital Management now owns 685 shares of the semiconductor company’s stock worth $36,000 after buying an additional 411 shares during the last quarter. Institutional investors own 99.23% of the company’s stock.

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.