Diodes Incorporated (NASDAQ:DIOD)’s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $79.89 and last traded at $79.22, with a volume of 328 shares. The stock had previously closed at $78.53.
Several research firms have commented on DIOD. Zacks Investment Research upgraded shares of Diodes from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research note on Thursday, November 12th. Truist initiated coverage on shares of Diodes in a research note on Tuesday, November 24th. They issued a “buy” rating and a $84.00 target price on the stock. Cowen increased their price objective on shares of Diodes from $73.00 to $78.00 and gave the stock an “outperform” rating in a research note on Monday, December 21st. Finally, Wells Fargo & Company lowered shares of Diodes from an “overweight” rating to an “equal weight” rating and set a $58.00 price objective for the company. in a research report on Friday, November 6th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $64.00.
The company has a debt-to-equity ratio of 0.26, a current ratio of 3.78 and a quick ratio of 2.97. The firm’s 50 day moving average is $70.31 and its 200 day moving average is $58.49. The firm has a market cap of $4.18 billion, a P/E ratio of 35.86 and a beta of 1.17.
Diodes (NASDAQ:DIOD) last posted its quarterly earnings data on Monday, November 9th. The semiconductor company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.59 by $0.03. The business had revenue of $309.40 million for the quarter, compared to analyst estimates of $305.60 million. Diodes had a net margin of 9.79% and a return on equity of 9.95%. Diodes’s quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.81 earnings per share. As a group, analysts expect that Diodes Incorporated will post 2.31 EPS for the current year.
In other news, Director C H. Chen sold 50,000 shares of the company’s stock in a transaction on Friday, December 4th. The shares were sold at an average price of $70.91, for a total transaction of $3,545,500.00. Following the completion of the transaction, the director now directly owns 94,379 shares in the company, valued at $6,692,414.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Keh Shew Lu sold 3,341 shares of the company’s stock in a transaction on Thursday, November 12th. The shares were sold at an average price of $62.56, for a total transaction of $209,012.96. Following the sale, the chief executive officer now directly owns 441,732 shares in the company, valued at approximately $27,634,753.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 246,096 shares of company stock worth $17,140,327. Insiders own 4.60% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. O Shaughnessy Asset Management LLC boosted its position in shares of Diodes by 261.1% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 2,026 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 1,465 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new stake in Diodes during the third quarter worth about $142,000. Jane Street Group LLC acquired a new position in shares of Diodes in the second quarter valued at approximately $214,000. Janney Montgomery Scott LLC acquired a new position in shares of Diodes in the third quarter valued at approximately $214,000. Finally, Pitcairn Co. acquired a new position in shares of Diodes in the third quarter valued at approximately $223,000. Institutional investors and hedge funds own 71.44% of the company’s stock.
About Diodes (NASDAQ:DIOD)
Diodes Incorporated, together with its subsidiaries, designs, manufactures, and supplies application-specific standard products in the discrete, logic, and analog and mixed-signal semiconductor markets in Asia, North America, and Europe. It primarily focuses on low pin count semiconductor devices with one or more active or passive components.
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