Diodes (NASDAQ:DIOD) Upgraded to Hold at StockNews.com

Diodes (NASDAQ:DIOD) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.

A number of other analysts also recently issued reports on the company. Benchmark cut their target price on Diodes from $83.00 to $75.00 and set a “buy” rating for the company in a research note on Monday. Truist Financial cut their target price on Diodes from $69.00 to $62.00 and set a “hold” rating for the company in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Diodes has a consensus rating of “Hold” and a consensus price target of $72.80.

Diodes Price Performance

Shares of NASDAQ:DIOD traded down $2.48 during midday trading on Monday, reaching $61.75. 304,424 shares of the company’s stock traded hands, compared to its average volume of 345,443. Diodes has a 1 year low of $58.44 and a 1 year high of $86.74. The company has a market cap of $2.86 billion, a P/E ratio of 46.78 and a beta of 1.32. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.10 and a current ratio of 3.38. The company has a fifty day simple moving average of $62.45 and a two-hundred day simple moving average of $69.17.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings data on Thursday, August 8th. The semiconductor company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The company had revenue of $319.80 million for the quarter, compared to analyst estimates of $316.12 million. Diodes had a return on equity of 3.93% and a net margin of 4.72%. The firm’s revenue for the quarter was down 31.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.59 EPS. Equities analysts predict that Diodes will post 1.55 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Emily Yang sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $70.48, for a total transaction of $70,480.00. Following the completion of the sale, the senior vice president now directly owns 59,820 shares of the company’s stock, valued at approximately $4,216,113.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Keh Shew Lu sold 20,010 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $67.25, for a total transaction of $1,345,672.50. Following the completion of the sale, the chief executive officer now directly owns 246,492 shares of the company’s stock, valued at approximately $16,576,587. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Emily Yang sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $70.48, for a total value of $70,480.00. Following the transaction, the senior vice president now owns 59,820 shares of the company’s stock, valued at $4,216,113.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,182 shares of company stock valued at $1,640,921. 2.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Diodes

A number of hedge funds and other institutional investors have recently bought and sold shares of DIOD. GAMMA Investing LLC boosted its holdings in Diodes by 66.5% during the 2nd quarter. GAMMA Investing LLC now owns 453 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 181 shares during the period. EntryPoint Capital LLC purchased a new position in Diodes during the 1st quarter valued at about $40,000. Innealta Capital LLC purchased a new position in shares of Diodes in the 2nd quarter valued at about $88,000. KBC Group NV boosted its stake in shares of Diodes by 33.9% in the 3rd quarter. KBC Group NV now owns 1,454 shares of the semiconductor company’s stock valued at $93,000 after buying an additional 368 shares during the period. Finally, EMC Capital Management boosted its stake in shares of Diodes by 25.8% in the 1st quarter. EMC Capital Management now owns 1,632 shares of the semiconductor company’s stock valued at $115,000 after buying an additional 335 shares during the period. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

Diodes Company Profile

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.