Brokerages Set Diodes Incorporated (NASDAQ:DIOD) Price Target at $72.80

Diodes Incorporated (NASDAQ:DIOD) has been given an average recommendation of “Hold” by the three analysts that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $69.67.

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

Insider Transactions at Diodes

In related news, CFO Brett R. Whitmire sold 830 shares of the 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 completion of the sale, the chief financial officer now directly owns 51,525 shares of the company’s stock, valued at approximately $2,887,461. This represents a 1.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Gary Yu sold 2,900 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 transaction of $162,516.00. Following the transaction, the president now directly owns 79,697 shares in the company, valued at $4,466,219.88. This represents a 3.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,680 shares of company stock worth $262,267 in the last 90 days. 2.30% of the stock is currently owned by insiders.

Institutional Trading of Diodes

Institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its holdings in Diodes by 34.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 226,742 shares of the semiconductor company’s stock worth $14,532,000 after buying an additional 58,597 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Diodes by 5.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 626,106 shares of the semiconductor company’s stock worth $40,127,000 after acquiring an additional 31,089 shares during the period. Geode Capital Management LLC grew its position in shares of Diodes by 3.6% during the third quarter. Geode Capital Management LLC now owns 1,266,052 shares of the semiconductor company’s stock worth $81,154,000 after purchasing an additional 43,841 shares in the last quarter. Tributary Capital Management LLC grew its position in shares of Diodes by 9.5% during the third quarter. Tributary Capital Management LLC now owns 291,037 shares of the semiconductor company’s stock worth $18,653,000 after purchasing an additional 25,259 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in Diodes during the 2nd quarter valued at approximately $647,000. 99.23% of the stock is currently owned by institutional investors.

Diodes Price Performance

DIOD stock opened at $55.24 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.21 and a current ratio of 3.58. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 41.85 and a beta of 1.31. The firm has a 50 day moving average price of $61.63 and a 200-day moving average price of $63.39. Diodes has a 52-week low of $52.71 and a 52-week high of $86.74.

Diodes (NASDAQ:DIOD) last released its earnings results on Thursday, November 7th. The semiconductor company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.39 by $0.04. The business had revenue of $350.08 million for the quarter, compared to the consensus estimate of $346.30 million. Diodes had a return on equity of 3.90% and a net margin of 4.72%. During the same period in the previous year, the company posted $1.13 earnings per share. Equities research analysts forecast that Diodes will post 1.35 EPS for the current fiscal year.

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.