According to Zacks, “Diodes Incorporated is a leading manufacturer and supplier of high-quality discrete and analog semiconductor products, primarily to the communications, computing, industrial, consumer electronics and automotive markets. The Company’s corporate sales, marketing, engineering and logistics headquarters is located in Southern California, with two manufacturing facilities in Shanghai, China, a wafer fabrication plant in Kansas City, Missouri, engineering, sales, warehouse and logistics offices in Taipei, Taiwan and Hong Kong, and sales and support offices throughout the world. Diodes, Inc. recently acquired Anachip Corporation, a fabless analog IC company in Hsinchu Science Park, Taiwan. It’s product focus is on subminiature surface-mount discrete devices, analog power management ICs and Hall-effect sensors all of which are widely used in end-user equipment. “
Several other analysts have also recently issued reports on DIOD. Truist increased their target price on Diodes from $86.00 to $101.00 in a research report on Wednesday, February 17th. Cowen increased their target price on Diodes from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 17th. Loop Capital increased their price target on Diodes from $77.00 to $94.00 and gave the company a “buy” rating in a research note on Thursday, February 18th. Finally, Wells Fargo & Company increased their price target on Diodes from $80.00 to $85.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 30th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $86.00.
DIOD traded down $3.45 during midday trading on Tuesday, reaching $72.22. The company had a trading volume of 311,408 shares, compared to its average volume of 325,456. The company has a quick ratio of 2.97, a current ratio of 3.78 and a debt-to-equity ratio of 0.26. The business has a 50-day moving average of $81.29 and a two-hundred day moving average of $73.95. The company has a market cap of $3.22 billion, a P/E ratio of 32.98 and a beta of 1.16. Diodes has a 1 year low of $40.34 and a 1 year high of $91.02.
Diodes (NASDAQ:DIOD) last issued its quarterly earnings results on Monday, February 15th. The semiconductor company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.04. Diodes had a return on equity of 9.95% and a net margin of 9.79%. The business had revenue of $350.37 million during the quarter, compared to analysts’ expectations of $340.80 million. On average, equities research analysts predict that Diodes will post 2.31 EPS for the current year.
In other news, Director C H. Chen sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 16th. The stock was sold at an average price of $83.78, for a total value of $4,189,000.00. Following the completion of the sale, the director now directly owns 94,379 shares of the company’s stock, valued at approximately $7,907,072.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brett R. Whitmire sold 2,269 shares of the firm’s stock in a transaction that occurred on Wednesday, February 24th. The shares were sold at an average price of $81.36, for a total value of $184,605.84. Following the completion of the sale, the chief financial officer now directly owns 23,650 shares of the company’s stock, valued at $1,924,164. The disclosure for this sale can be found here. Insiders sold a total of 230,546 shares of company stock valued at $19,281,613 over the last ninety days. Corporate insiders own 4.60% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. increased its holdings in shares of Diodes by 0.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 154,031 shares of the semiconductor company’s stock valued at $12,298,000 after acquiring an additional 1,203 shares during the period. Oak Ridge Investments LLC acquired a new stake in shares of Diodes in the 1st quarter worth $66,319,000. Commonwealth Equity Services LLC boosted its position in shares of Diodes by 8.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 5,131 shares of the semiconductor company’s stock worth $409,000 after purchasing an additional 400 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of Diodes by 21.2% in the 1st quarter. Victory Capital Management Inc. now owns 392,451 shares of the semiconductor company’s stock worth $31,334,000 after purchasing an additional 68,602 shares in the last quarter. Finally, Pettee Investors Inc. boosted its position in shares of Diodes by 10.0% in the 1st quarter. Pettee Investors Inc. now owns 26,435 shares of the semiconductor company’s stock worth $2,111,000 after purchasing an additional 2,400 shares in the last quarter. Institutional investors own 77.95% of the company’s stock.
Diodes Company Profile
Diodes Incorporated designs, manufactures, and supplies application-specific standard products in the discrete, logic, and analog and mixed-signal semiconductor markets worldwide. It primarily focuses on low pin count semiconductor devices with one or more active and/or passive components. The company offers discrete semiconductor products, such as MOSFET, TVS, and performance Schottky rectifiers; GPP bridges and retifiers performance Schottky diodes; Zener and performance Zener diodes, including tight tolerance and low operating current type; standard, fast, super-fast, and ultra-fast recovery rectifiers; bridge rectifiers; switching diodes; small signal bipolar and prebiased transistors; other MOSFETs; thyristor surge protection devices; and transient voltage suppressors.
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