Diodes Incorporated (NASDAQ:DIOD) Receives Average Rating of “Moderate Buy” from Analysts

Diodes Incorporated (NASDAQ:DIOD) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $55.00.

Several research analysts recently commented on DIOD shares. Benchmark reaffirmed a “buy” rating and issued a $62.00 target price (up from $55.00) on shares of Diodes in a research report on Friday, June 13th. Wall Street Zen raised Diodes from a “hold” rating to a “buy” rating in a research report on Sunday, August 31st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Diodes in a research report on Wednesday. Finally, Zacks Research raised Diodes from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th.

Insider Buying and Selling at Diodes

In other Diodes news, SVP Emily Yang sold 1,000 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $56.36, for a total transaction of $56,360.00. Following the completion of the transaction, the senior vice president directly owned 59,479 shares in the company, valued at $3,352,236.44. This represents a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Brett R. Whitmire sold 2,000 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $55.90, for a total value of $111,800.00. Following the transaction, the chief financial officer owned 48,777 shares of the company’s stock, valued at $2,726,634.30. This represents a 3.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its stake in Diodes by 77.4% during the second quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 205 shares in the last quarter. Signaturefd LLC raised its stake in Diodes by 170.1% during the first quarter. Signaturefd LLC now owns 597 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 376 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Diodes by 283.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 544 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 402 shares in the last quarter. Geneos Wealth Management Inc. acquired a new stake in shares of Diodes in the second quarter valued at $30,000. Finally, Fifth Third Bancorp increased its stake in shares of Diodes by 85.8% in the second quarter. Fifth Third Bancorp now owns 628 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 290 shares in the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Diodes Stock Down 7.8%

DIOD opened at $48.37 on Friday. Diodes has a 1-year low of $32.93 and a 1-year high of $67.40. The company has a current ratio of 3.33, a quick ratio of 2.04 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 35.31 and a beta of 1.63. The business has a 50 day moving average of $53.06 and a 200-day moving average of $48.73.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings data on Tuesday, March 8th. The semiconductor company reported $0.74 earnings per share for the quarter. Diodes had a return on equity of 2.98% and a net margin of 4.59%.The company had revenue of $350.37 million during the quarter. As a group, sell-side analysts anticipate that Diodes will post 1.82 earnings per share for the current year.

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.