Diodes Incorporated (NASDAQ:DIOD) Receives Average Recommendation of “Hold” from Brokerages

Shares of Diodes Incorporated (NASDAQ:DIOD) have earned a consensus rating of “Hold” from the five research firms that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $73.20.

A number of equities research analysts have recently issued reports on the stock. StockNews.com lowered shares of Diodes from a “hold” rating to a “sell” rating in a research note on Wednesday, August 21st. Truist Financial cut their price objective on Diodes from $74.00 to $69.00 and set a “hold” rating on the stock in a research note on Friday, August 9th.

Insider Activity

In related news, SVP Emily Yang sold 1,272 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $72.16, for a total value of $91,787.52. Following the sale, the senior vice president now owns 29,028 shares of the company’s stock, valued at approximately $2,094,660.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Keh Shew Lu sold 20,010 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $67.25, for a total transaction of $1,345,672.50. Following the transaction, the chief executive officer now directly owns 246,492 shares of the company’s stock, valued at $16,576,587. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Emily Yang sold 1,272 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $72.16, for a total transaction of $91,787.52. Following the completion of the sale, the senior vice president now directly owns 29,028 shares of the company’s stock, valued at approximately $2,094,660.48. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,182 shares of company stock valued at $1,640,921. 2.30% of the stock is currently owned by insiders.

Institutional Trading of Diodes

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC increased its stake in shares of Diodes by 66.5% during the second quarter. GAMMA Investing LLC now owns 453 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 181 shares during the period. EntryPoint Capital LLC bought a new stake in shares of Diodes in the 1st quarter worth $40,000. Riverview Trust Co acquired a new stake in shares of Diodes in the first quarter valued at $51,000. Innealta Capital LLC bought a new position in Diodes during the second quarter valued at about $88,000. Finally, NBC Securities Inc. grew its holdings in Diodes by 62.3% during the first quarter. NBC Securities Inc. now owns 1,227 shares of the semiconductor company’s stock worth $86,000 after acquiring an additional 471 shares during the period. 99.23% of the stock is currently owned by institutional investors.

Diodes Price Performance

Shares of NASDAQ DIOD opened at $63.62 on Friday. The business has a 50 day moving average price of $66.68 and a two-hundred day moving average price of $70.31. Diodes has a fifty-two week low of $58.50 and a fifty-two week high of $86.74. The firm has a market cap of $2.93 billion, a PE ratio of 17.34 and a beta of 1.32. The company has a quick ratio of 2.10, a current ratio of 3.38 and a debt-to-equity ratio of 0.01.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings results on Thursday, August 8th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. Diodes had a net margin of 7.12% and a return on equity of 5.76%. The business had revenue of $319.80 million during the quarter, compared to analyst estimates of $316.12 million. During the same quarter in the previous year, the firm earned $1.59 earnings per share. The business’s revenue was down 31.5% compared to the same quarter last year. Sell-side analysts expect that Diodes will post 1.55 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.