Diodes (NASDAQ:DIOD) Upgraded to "Outperform" at Robert W. Baird

Robert W. Baird upgraded shares of Diodes (NASDAQ:DIOD - Free Report) from a neutral rating to an outperform rating in a research note issued to investors on Monday morning, Marketbeat Ratings reports. Robert W. Baird currently has $50.00 target price on the semiconductor company's stock.

Other equities research analysts also recently issued reports about the stock. Benchmark reduced their price target on shares of Diodes from $74.00 to $65.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th. Truist Financial decreased their target price on shares of Diodes from $63.00 to $53.00 and set a "hold" rating on the stock in a research note on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $56.00.

Diodes Price Performance

NASDAQ:DIOD traded up $0.25 during mid-day trading on Monday, reaching $35.61. The stock had a trading volume of 715,810 shares, compared to its average volume of 407,166. Diodes has a 12 month low of $32.93 and a 12 month high of $86.74. The stock has a market capitalization of $1.65 billion, a PE ratio of 37.48 and a beta of 1.43. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.26 and a quick ratio of 1.99. The stock has a 50-day simple moving average of $47.37 and a two-hundred day simple moving average of $56.95.

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

Insider Buying and Selling

In related news, CFO Brett R. Whitmire sold 830 shares of the firm's stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 51,525 shares of the company's stock, valued at $2,887,461. This trade represents a 1.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Gary Yu sold 2,900 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total value of $162,516.00. Following the completion of the sale, the president now owns 79,697 shares in the company, valued at $4,466,219.88. This trade represents a 3.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,680 shares of company stock worth $262,267 in the last ninety days. Company insiders own 2.30% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DIOD. Hood River Capital Management LLC bought a new stake in shares of Diodes during the 4th quarter valued at about $72,037,000. Norges Bank acquired a new position in Diodes in the fourth quarter valued at approximately $33,933,000. Dimensional Fund Advisors LP boosted its holdings in shares of Diodes by 8.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,238,567 shares of the semiconductor company's stock worth $138,053,000 after buying an additional 168,545 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Diodes by 9.4% during the 4th quarter. Victory Capital Management Inc. now owns 1,907,509 shares of the semiconductor company's stock worth $117,636,000 after buying an additional 163,374 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Diodes by 55.9% in the 4th quarter. JPMorgan Chase & Co. now owns 353,595 shares of the semiconductor company's stock valued at $21,806,000 after acquiring an additional 126,853 shares in the last quarter. Institutional investors own 99.23% of the company's stock.

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.