Diodes Incorporated (NASDAQ:DIOD) Given Consensus Recommendation of “Buy” by Brokerages

Diodes Incorporated (NASDAQ:DIOD) has received an average recommendation of “Buy” from the five brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $113.00.

DIOD has been the topic of several analyst reports. Wall Street Zen upgraded Diodes from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Benchmark upped their price objective on Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Robert W. Baird set a $120.00 price objective on Diodes in a research note on Friday, May 8th. Zacks Research upgraded Diodes from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Finally, Truist Financial increased their price target on Diodes from $98.00 to $139.00 and gave the stock a “buy” rating in a research report on Friday, May 8th.

Insider Buying and Selling at Diodes

In related news, CTO Francis Tang sold 15,330 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $112.04, for a total transaction of $1,717,573.20. Following the sale, the chief technology officer directly owned 71,438 shares in the company, valued at $8,003,913.52. This represents a 17.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gary Yu sold 3,632 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $110.08, for a total value of $399,810.56. Following 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. Insiders sold 70,981 shares of company stock worth $7,616,906 over the last 90 days. Company insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Diodes

A number of large investors have recently bought and sold shares of the business. Captrust Financial Advisors grew its position in Diodes by 3.1% during the 4th quarter. Captrust Financial Advisors now owns 4,882 shares of the semiconductor company’s stock worth $241,000 after acquiring an additional 145 shares during the last quarter. Verdence Capital Advisors LLC lifted its holdings in Diodes by 2.3% during the 4th quarter. Verdence Capital Advisors LLC now owns 8,430 shares of the semiconductor company’s stock worth $416,000 after buying an additional 186 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Diodes by 51.4% during 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 in the last quarter. Strs Ohio lifted its holdings in Diodes by 2.2% during the 4th quarter. Strs Ohio now owns 9,100 shares of the semiconductor company’s stock worth $449,000 after buying an additional 200 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Diodes by 77.4% during 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 in the last quarter. 99.23% of the stock is currently owned by institutional investors.

Diodes Trading Down 3.0%

DIOD stock opened at $100.45 on Thursday. Diodes has a 1-year low of $42.28 and a 1-year high of $121.96. The firm has a market cap of $4.61 billion, a P/E ratio of 54.59 and a beta of 1.90. The business’s 50 day moving average is $97.29 and its 200-day moving average is $72.23. The company has a current ratio of 3.17, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01.

Diodes (NASDAQ:DIOD) last released its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.08. Diodes had a return on equity of 3.48% and a net margin of 5.50%.The company had revenue of $405.47 million for the quarter, compared to analyst estimates of $396.33 million. During the same period in the prior year, the company posted $0.19 EPS. The company’s revenue was up 22.1% compared to the same quarter last year. Equities analysts anticipate that Diodes will post 2.58 earnings per share for the current fiscal year.

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.