Diodes Incorporated (NASDAQ:DIOD) Receives Consensus Recommendation of “Buy” from Analysts

Diodes Incorporated (NASDAQ:DIODGet Free Report) has been given a consensus recommendation of “Buy” by the five research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $113.00.

Several equities research analysts recently commented on DIOD shares. Wall Street Zen raised Diodes from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Robert W. Baird set a $120.00 price objective on Diodes in a research note on Friday, May 8th. Weiss Ratings raised Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, January 21st. Truist Financial boosted their price objective on Diodes from $98.00 to $139.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Finally, Zacks Research raised Diodes from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th.

View Our Latest Research Report on Diodes

Diodes Price Performance

Shares of Diodes stock opened at $100.04 on Friday. The business has a 50 day simple moving average of $83.71 and a two-hundred day simple moving average of $65.15. Diodes has a 12 month low of $42.28 and a 12 month high of $117.80. The stock has a market capitalization of $4.60 billion, a P/E ratio of 54.37 and a beta of 1.93. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 1.97.

Diodes (NASDAQ:DIODGet Free Report) last announced its earnings results on Thursday, May 7th. The semiconductor company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.08. Diodes had a return on equity of 3.48% and a net margin of 5.50%.The business had revenue of $405.47 million during the quarter, compared to analysts’ expectations of $396.33 million. During the same quarter in the prior year, the firm earned $0.19 earnings per share. The business’s revenue was up 22.1% compared to the same quarter last year. As a group, analysts predict that Diodes will post 2.58 EPS for the current fiscal year.

Insider Activity at Diodes

In other Diodes news, SVP Andy Tsong sold 2,652 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $110.00, for a total transaction of $291,720.00. Following the completion of the sale, the senior vice president owned 49,752 shares of the company’s stock, valued at $5,472,720. This trade represents a 5.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Francis Tang sold 3,643 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $108.00, for a total value of $393,444.00. Following the sale, the chief technology officer directly owned 95,905 shares of the company’s stock, valued at approximately $10,357,740. This trade represents a 3.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 136,611 shares of company stock valued at $10,199,935 over the last 90 days. Corporate insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Diodes

Institutional investors have recently modified their holdings of the company. Allianz Asset Management GmbH grew its stake in shares of Diodes by 27.0% in the third quarter. Allianz Asset Management GmbH now owns 145,889 shares of the semiconductor company’s stock valued at $7,763,000 after buying an additional 31,013 shares in the last quarter. Bessemer Group Inc. boosted its holdings in Diodes by 178,733.7% in the third quarter. Bessemer Group Inc. now owns 366,609 shares of the semiconductor company’s stock valued at $19,508,000 after purchasing an additional 366,404 shares during the period. JPMorgan Chase & Co. boosted its holdings in Diodes by 49.6% in the third quarter. JPMorgan Chase & Co. now owns 464,429 shares of the semiconductor company’s stock valued at $24,712,000 after purchasing an additional 153,905 shares during the period. Evergreen Capital Management LLC purchased a new position in Diodes in the fourth quarter valued at $476,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Diodes by 8.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 235,351 shares of the semiconductor company’s stock valued at $12,104,000 after purchasing an additional 17,363 shares during the period. 99.23% of the stock is owned by institutional investors and hedge funds.

About Diodes

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Diodes (NASDAQ:DIOD)

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