Diodes (NASDAQ:DIOD) Shares Gap Up – What’s Next?

Shares of Diodes Incorporated (NASDAQ:DIODGet Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $92.29, but opened at $99.28. Diodes shares last traded at $94.60, with a volume of 15,665 shares.

Wall Street Analyst Weigh In

DIOD has been the topic of several recent analyst reports. Zacks Research cut shares of Diodes from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Robert W. Baird set a $120.00 price objective on shares of Diodes in a report on Friday, May 8th. Finally, Truist Financial raised their target price on shares of Diodes from $98.00 to $139.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $113.00.

Get Our Latest Research Report on DIOD

Diodes Price Performance

The business has a fifty day simple moving average of $105.44 and a two-hundred day simple moving average of $81.35. The company has a current ratio of 3.17, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01. The stock has a market cap of $4.35 billion, a PE ratio of 51.51 and a beta of 1.88.

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

Insider Buying and Selling

In other Diodes news, SVP Emily Yang sold 3,000 shares of the stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $110.08, for a total value of $330,240.00. Following the completion of the transaction, the senior vice president owned 61,878 shares in the company, valued at approximately $6,811,530.24. This represents a 4.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Andy Tsong sold 1,582 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $106.95, for a total value of $169,194.90. Following the transaction, the senior vice president directly owned 48,170 shares of the company’s stock, valued at $5,151,781.50. This represents a 3.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 70,981 shares of company stock valued at $7,616,906 over the last 90 days. 1.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of DIOD. Wedge Capital Management L L P NC boosted its stake in Diodes by 179.2% during the second quarter. Wedge Capital Management L L P NC now owns 75,885 shares of the semiconductor company’s stock worth $8,305,000 after acquiring an additional 48,701 shares in the last quarter. GAMMA Investing LLC grew its holdings in Diodes by 8.9% in the second quarter. GAMMA Investing LLC now owns 3,495 shares of the semiconductor company’s stock worth $382,000 after purchasing an additional 287 shares during the period. Pacific Excel Wealth Advisors Inc. bought a new position in shares of Diodes during the second quarter valued at approximately $231,000. Integrated Investment Consultants LLC bought a new position in shares of Diodes during the first quarter valued at approximately $216,000. Finally, Prospect Capital Advisors LLC purchased a new position in shares of Diodes during the first quarter valued at approximately $2,853,000. 99.23% of the stock is owned by hedge funds and other institutional investors.

Diodes Company Profile

(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.

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