Diodes Incorporated (NASDAQ:DIOD) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Diodes Incorporated (NASDAQ:DIOD) have earned a consensus rating of “Hold” from the five ratings firms that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $72.80.

A number of research firms recently weighed in on DIOD. Truist Financial lowered their target price on shares of Diodes from $69.00 to $62.00 and set a “hold” rating on the stock in a research note on Friday, November 8th. Benchmark lowered their target price on shares of Diodes from $83.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. Finally, StockNews.com upgraded shares of Diodes from a “sell” rating to a “hold” rating in a research note on Monday, November 11th.

Diodes Trading Up 2.8 %

Shares of DIOD stock opened at $58.56 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.58 and a quick ratio of 2.21. Diodes has a 1 year low of $52.71 and a 1 year high of $86.74. The firm has a fifty day moving average price of $61.97 and a 200-day moving average price of $63.63. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 44.36 and a beta of 1.31.

Diodes (NASDAQ:DIOD) last released its earnings results on Thursday, November 7th. The semiconductor company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. Diodes had a net margin of 4.72% and a return on equity of 3.90%. The company had revenue of $350.08 million for the quarter, compared to analysts’ expectations of $346.30 million. During the same quarter in the previous year, the company earned $1.13 EPS. As a group, equities analysts predict that Diodes will post 1.35 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Brett R. Whitmire sold 830 shares of Diodes stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total value of $46,513.20. Following the transaction, the chief financial officer now owns 51,525 shares of the company’s stock, valued at $2,887,461. The trade was a 1.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Gary Yu sold 2,900 shares of Diodes stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total transaction of $162,516.00. Following the completion of the transaction, the president now directly owns 79,697 shares in the company, valued at approximately $4,466,219.88. The trade was a 3.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,680 shares of company stock worth $262,267 in the last three months. 2.30% of the stock is owned by insiders.

Institutional Trading of Diodes

Institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its stake in shares of Diodes by 34.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 226,742 shares of the semiconductor company’s stock valued at $14,532,000 after purchasing an additional 58,597 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Diodes by 5.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 626,106 shares of the semiconductor company’s stock valued at $40,127,000 after purchasing an additional 31,089 shares during the period. Geode Capital Management LLC lifted its stake in shares of Diodes by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,266,052 shares of the semiconductor company’s stock valued at $81,154,000 after purchasing an additional 43,841 shares during the period. Tributary Capital Management LLC lifted its stake in shares of Diodes by 9.5% in the 3rd quarter. Tributary Capital Management LLC now owns 291,037 shares of the semiconductor company’s stock valued at $18,653,000 after purchasing an additional 25,259 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in Diodes during the second quarter worth $647,000. 99.23% of the stock is currently owned by institutional investors and hedge funds.

About Diodes

Diodes Incorporated, together with its subsidiaries, manufactures and supplies application-specific standard products in the broad discrete, logic, analog, and mixed-signal semiconductor markets worldwide. The company offers discrete semiconductor products, such as MOSFETs, SiC MOSFETs; data line protection, power line protection, thyristers, USB Type-C protection, and transient voltage suppressors; Schottky, small signal switching, Zener, and SiC diodes; bridges, super barrier, Schottky, Schottky bridge, and fast/ultra-fast rectifiers; and bipolar, avalanche, gate driver, and pre-bias transistors.