Brokerages Set Diodes Incorporated (NASDAQ:DIOD) PT at $73.20

Shares of Diodes Incorporated (NASDAQ:DIOD) have received 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 issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $73.20.

Several analysts have recently commented on DIOD shares. Truist Financial dropped their price objective 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. StockNews.com downgraded shares of Diodes from a “hold” rating to a “sell” rating in a research report on Wednesday, August 21st.

Insider Transactions at Diodes

In related news, SVP Emily Yang sold 1,000 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $70.48, for a total value of $70,480.00. Following the completion of the transaction, the senior vice president now directly owns 59,820 shares in the company, valued at $4,216,113.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, SVP Emily Yang sold 1,000 shares of Diodes stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $70.48, for a total value of $70,480.00. Following the completion of the transaction, the senior vice president now owns 59,820 shares in the company, valued at $4,216,113.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brett R. Whitmire sold 1,900 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $69.99, for a total value of $132,981.00. Following the transaction, the chief financial officer now owns 46,365 shares in the company, valued at $3,245,086.35. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,182 shares of company stock valued at $1,640,921 in the last 90 days. 2.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Diodes

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its position in shares of Diodes by 15.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 211,463 shares of the semiconductor company’s stock valued at $17,027,000 after purchasing an additional 27,814 shares during the period. Vanguard Group Inc. increased its stake in Diodes by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 5,650,727 shares of the semiconductor company’s stock worth $454,997,000 after buying an additional 70,121 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of Diodes during the fourth quarter valued at approximately $310,000. Tributary Capital Management LLC lifted its position in shares of Diodes by 18.5% in the first quarter. Tributary Capital Management LLC now owns 266,644 shares of the semiconductor company’s stock valued at $18,798,000 after acquiring an additional 41,615 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV boosted its stake in shares of Diodes by 30.0% in the first quarter. Azzad Asset Management Inc. ADV now owns 9,865 shares of the semiconductor company’s stock worth $695,000 after acquiring an additional 2,279 shares during the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Diodes Stock Performance

Shares of DIOD opened at $64.66 on Thursday. The stock has a 50-day moving average of $63.90 and a two-hundred day moving average of $69.70. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.10 and a current ratio of 3.38. The stock has a market cap of $2.98 billion, a P/E ratio of 17.62 and a beta of 1.32. Diodes has a one year low of $58.50 and a one year high of $86.74.

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