Diodes (NASDAQ:DIOD) Raised to Strong-Buy at Baird R W

Diodes (NASDAQ:DIOD - Get Free Report) was upgraded by research analysts at Baird R W from a "hold" rating to a "strong-buy" rating in a report issued on Monday,Zacks.com reports.

Several other equities analysts have also recently weighed in on the company. Benchmark dropped their price objective on Diodes from $74.00 to $65.00 and set a "buy" rating for the company in a report on Wednesday, February 12th. Truist Financial decreased their price target on Diodes from $63.00 to $53.00 and set a "hold" rating on the stock in a research report on Wednesday, February 12th. Finally, Robert W. Baird raised shares of Diodes from a "neutral" rating to an "outperform" rating and set a $50.00 price objective for the company in a research report on Monday, April 7th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Diodes currently has a consensus rating of "Moderate Buy" and an average target price of $56.00.

Diodes Stock Performance

Shares of DIOD traded up $0.25 during midday trading on Monday, reaching $35.61. 715,810 shares of the stock were exchanged, compared to its average volume of 407,794. The company has a quick ratio of 1.99, a current ratio of 3.26 and a debt-to-equity ratio of 0.01. The stock's 50 day simple moving average is $47.37 and its 200 day simple moving average is $56.91. Diodes has a twelve month low of $32.93 and a twelve month high of $86.74. The company has a market cap of $1.65 billion, a P/E ratio of 37.48 and a beta of 1.43.

Diodes (NASDAQ:DIOD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.27). Diodes had a net margin of 3.36% and a return on equity of 3.28%. On average, sell-side analysts expect that Diodes will post 1.82 earnings per share for the current year.

Insider Activity

In other news, President Gary Yu sold 2,900 shares of the firm's 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 $162,516.00. Following the sale, the president now directly owns 79,697 shares in the company, valued at approximately $4,466,219.88. This trade represents a 3.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Brett R. Whitmire sold 830 shares of the company's 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 $46,513.20. Following the transaction, the chief financial officer now owns 51,525 shares of the company's stock, valued at approximately $2,887,461. This represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,680 shares of company stock worth $262,267. Insiders own 2.30% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DIOD. Smartleaf Asset Management LLC increased its holdings in Diodes by 198.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company's stock worth $48,000 after purchasing an additional 522 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Diodes during the fourth quarter worth about $79,000. Sterling Capital Management LLC increased its stake in shares of Diodes by 789.7% in the fourth quarter. Sterling Capital Management LLC now owns 1,290 shares of the semiconductor company's stock valued at $80,000 after buying an additional 1,145 shares during the period. KBC Group NV raised its holdings in Diodes by 36.7% in the 4th quarter. KBC Group NV now owns 1,987 shares of the semiconductor company's stock valued at $123,000 after buying an additional 533 shares during the last quarter. Finally, Xponance Inc. acquired a new stake in Diodes during the 4th quarter worth approximately $203,000. 99.23% of the stock is currently owned by institutional investors.

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.