Wall Street Zen Upgrades Diodes (NASDAQ:DIOD) to “Buy”

Diodes (NASDAQ:DIOD) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Several other equities analysts have also weighed in on DIOD. Benchmark lifted their target price on shares of Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Zacks Research cut Diodes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 11th. Weiss Ratings raised Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, January 21st. Finally, Truist Financial increased their target price on Diodes from $54.00 to $67.00 and gave the company a “hold” rating in a research note on Wednesday, February 11th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $65.67.

Diodes Stock Performance

NASDAQ DIOD opened at $71.07 on Friday. The firm has a market capitalization of $3.26 billion, a P/E ratio of 50.05 and a beta of 1.66. Diodes has a 1-year low of $32.93 and a 1-year high of $81.71. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.32 and a quick ratio of 2.08. The business’s 50-day simple moving average is $55.74 and its 200-day simple moving average is $53.14.

Diodes (NASDAQ:DIOD) last posted its earnings results on Tuesday, February 10th. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. The firm had revenue of $391.58 million during the quarter, compared to the consensus estimate of $380.03 million. Diodes had a net margin of 4.46% and a return on equity of 2.95%. The company’s revenue was up 15.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 EPS. Equities analysts predict that Diodes will post 1.82 EPS for the current year.

Insiders Place Their Bets

In other Diodes news, SVP Emily Yang sold 950 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $60.85, for a total value of $57,807.50. Following the transaction, the senior vice president directly owned 74,032 shares of the company’s stock, valued at $4,504,847.20. This represents a 1.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jin Zhao sold 525 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $59.19, for a total transaction of $31,074.75. Following the sale, the insider directly owned 49,980 shares of the company’s stock, valued at $2,958,316.20. The trade was a 1.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 5,205 shares of company stock worth $315,853. 2.30% of the stock is owned by insiders.

Institutional Trading of Diodes

Institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its position in shares of Diodes by 77.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 205 shares during the last quarter. Salomon & Ludwin LLC acquired a new position in Diodes in the third quarter worth about $25,000. Geneos Wealth Management Inc. bought a new stake in Diodes in the second quarter valued at about $30,000. Farther Finance Advisors LLC raised its stake in Diodes by 51.4% during the fourth quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 200 shares in the last quarter. Finally, MAI Capital Management lifted its holdings in Diodes by 150.0% during the 3rd quarter. MAI Capital Management now owns 685 shares of the semiconductor company’s stock worth $36,000 after buying an additional 411 shares during the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.

Diodes Company Profile

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.