Diodes Incorporated (NASDAQ:DIOD – Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $119.46, but opened at $125.82. Diodes shares last traded at $123.6010, with a volume of 198,926 shares traded.
Analyst Ratings Changes
A number of research analysts have weighed in on the stock. Zacks Research cut shares of Diodes from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. Robert W. Baird set a $120.00 price target on shares of Diodes in a research note on Friday, May 8th. Finally, Truist Financial upped their price target on shares of Diodes from $98.00 to $139.00 and gave the company a “buy” rating in a report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $113.00.
Check Out Our Latest Analysis on Diodes
Diodes Trading Up 3.4%
Diodes (NASDAQ:DIOD – Get Free Report) last released its earnings results on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.08. The business had revenue of $405.47 million during the quarter, compared to the consensus estimate of $396.33 million. Diodes had a return on equity of 3.48% and a net margin of 5.50%.The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period last year, the company earned $0.19 earnings per share. Sell-side analysts anticipate that Diodes Incorporated will post 2.58 EPS for the current fiscal year.
Insider Activity at Diodes
In other Diodes news, CTO Francis Tang sold 15,330 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $112.04, for a total value of $1,717,573.20. Following the completion of the sale, the chief technology officer directly owned 71,438 shares of the company’s stock, valued at $8,003,913.52. The trade was a 17.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Andy Tsong sold 1,582 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $106.95, for a total transaction of $169,194.90. Following the completion of the transaction, the senior vice president owned 48,170 shares in the company, valued at $5,151,781.50. This represents a 3.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 70,981 shares of company stock worth $7,616,906 over the last ninety days. 1.70% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Diodes
A number of institutional investors and hedge funds have recently bought and sold shares of DIOD. Captrust Financial Advisors increased its position in shares of Diodes by 3.1% during the fourth quarter. Captrust Financial Advisors now owns 4,882 shares of the semiconductor company’s stock worth $241,000 after purchasing an additional 145 shares in the last quarter. Verdence Capital Advisors LLC boosted its position in shares of Diodes by 2.3% in the 4th quarter. Verdence Capital Advisors LLC now owns 8,430 shares of the semiconductor company’s stock worth $416,000 after purchasing an additional 186 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Diodes by 51.4% during the 4th quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock worth $29,000 after buying an additional 200 shares during the last quarter. Strs Ohio increased its position in Diodes by 2.2% during the 4th quarter. Strs Ohio now owns 9,100 shares of the semiconductor company’s stock valued at $449,000 after buying an additional 200 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in Diodes by 77.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 205 shares in the last quarter. 99.23% of the stock is owned by institutional investors.
About Diodes
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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