Analysts Set Diodes Incorporated (NASDAQ:DIOD) Price Target at $55.00

by · The Cerbat Gem

Shares of Diodes Incorporated (NASDAQ:DIOD – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $55.00.

Several analysts have weighed in on DIOD shares. Wall Street Zen raised shares of Diodes from a “hold” rating to a “buy” rating in a research note on Sunday, August 31st. Weiss Ratings reissued a “hold (c-)” rating on shares of Diodes in a research note on Wednesday, October 8th. Finally, Zacks Research raised shares of Diodes from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th.

Read Our Latest Stock Analysis on Diodes

Insider Buying and Selling at Diodes

In other Diodes news, CFO Brett R. Whitmire sold 2,000 shares of the business’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $55.90, for a total value of $111,800.00. Following the completion of the sale, the chief financial officer directly owned 48,777 shares of the company’s stock, valued at $2,726,634.30. The trade was a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Emily Yang sold 1,000 shares of the business’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $56.36, for a total transaction of $56,360.00. Following the completion of the sale, the senior vice president directly owned 59,479 shares of the company’s stock, valued at $3,352,236.44. This represents a 1.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.90% of the company’s stock.

Hedge Funds Weigh In On Diodes

Several hedge funds and other institutional investors have recently modified their holdings of the company. Global Alpha Capital Management Ltd. raised its stake in shares of Diodes by 56.9% during the second quarter. Global Alpha Capital Management Ltd. now owns 846,070 shares of the semiconductor company’s stock valued at $44,749,000 after acquiring an additional 306,900 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Diodes by 5.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 723,733 shares of the semiconductor company’s stock valued at $31,244,000 after acquiring an additional 36,488 shares during the last quarter. Tributary Capital Management LLC raised its stake in shares of Diodes by 92.5% during the third quarter. Tributary Capital Management LLC now owns 646,240 shares of the semiconductor company’s stock valued at $34,386,000 after acquiring an additional 310,500 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Diodes by 12.3% during the first quarter. Royal Bank of Canada now owns 494,235 shares of the semiconductor company’s stock valued at $21,336,000 after acquiring an additional 54,309 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of Diodes by 17.2% during the second quarter. Bank of America Corp DE now owns 417,448 shares of the semiconductor company’s stock valued at $22,079,000 after buying an additional 61,177 shares during the period. 99.23% of the stock is owned by institutional investors.

Diodes Stock Performance

NASDAQ DIOD opened at $53.36 on Wednesday. Diodes has a 52-week low of $32.93 and a 52-week high of $67.40. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.04 and a current ratio of 3.33. The company has a market capitalization of $2.48 billion, a P/E ratio of 38.95 and a beta of 1.63. The company has a fifty day moving average of $54.11 and a 200-day moving average of $50.47.

Diodes (NASDAQ:DIOD – Get Free Report) last posted its quarterly earnings data on Tuesday, March 8th. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter. Diodes had a net margin of 4.59% and a return on equity of 2.98%. The company had revenue of $350.37 million during the quarter. As a group, equities research analysts predict that Diodes will post 1.82 EPS for the current fiscal year.

Diodes Company Profile

(Get Free Report)

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.

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