Diodes Incorporated (NASDAQ:DIOD) Receives $73.20 Consensus Price Target from Analysts

Shares of Diodes Incorporated (NASDAQ:DIOD - Get Free Report) have been given an average recommendation of "Hold" by the five analysts that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $73.20.

DIOD has been the subject of several recent research reports. Truist Financial cut their target price on shares of Diodes from $74.00 to $69.00 and set a "hold" rating for the company in a report on Friday, August 9th. StockNews.com lowered shares of Diodes from a "hold" rating to a "sell" rating in a report on Wednesday, August 21st.

Diodes Stock Performance

NASDAQ DIOD traded up $1.60 on Thursday, hitting $64.54. 177,760 shares of the company's stock traded hands, compared to its average volume of 345,587. The company has a current ratio of 3.38, a quick ratio of 2.10 and a debt-to-equity ratio of 0.01. Diodes has a 1-year low of $58.50 and a 1-year high of $86.74. The firm's 50-day moving average price is $63.99 and its two-hundred day moving average price is $69.79. The firm has a market capitalization of $2.98 billion, a PE ratio of 17.15 and a beta of 1.32.

Diodes (NASDAQ:DIOD - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The semiconductor company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. Diodes had a net margin of 7.12% and a return on equity of 5.76%. The business had revenue of $319.80 million during the quarter, compared to analysts' expectations of $316.12 million. During the same period in the previous year, the business posted $1.59 EPS. The business's quarterly revenue was down 31.5% compared to the same quarter last year. As a group, analysts expect that Diodes will post 1.55 EPS for the current year.

Insider Buying and Selling

In related news, CFO Brett R. Whitmire sold 1,900 shares of the business's stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $69.99, for a total value of $132,981.00. Following the completion of the sale, the chief financial officer now owns 46,365 shares of the company's stock, valued at approximately $3,245,086.35. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Diodes news, CFO Brett R. Whitmire sold 1,900 shares of Diodes stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $69.99, for a total transaction of $132,981.00. Following the sale, the chief financial officer now owns 46,365 shares of the company's stock, valued at $3,245,086.35. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Keh Shew Lu sold 20,010 shares of Diodes stock in a transaction on 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 sale, the chief executive officer now directly owns 246,492 shares in the company, valued at approximately $16,576,587. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,182 shares of company stock valued at $1,640,921. 2.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Diodes

Several institutional investors and hedge funds have recently added to or reduced their stakes in DIOD. Earnest Partners LLC boosted its stake in Diodes by 12.5% during the 1st quarter. Earnest Partners LLC now owns 2,534,798 shares of the semiconductor company's stock worth $178,703,000 after purchasing an additional 282,089 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Diodes by 8.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,913,282 shares of the semiconductor company's stock valued at $137,620,000 after acquiring an additional 141,610 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Diodes by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 5,782,828 shares of the semiconductor company's stock valued at $407,689,000 after acquiring an additional 132,101 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Diodes by 27.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 604,153 shares of the semiconductor company's stock valued at $43,457,000 after acquiring an additional 129,195 shares during the last quarter. Finally, William Blair Investment Management LLC boosted its position in shares of Diodes by 19.0% during the 1st quarter. William Blair Investment Management LLC now owns 479,614 shares of the semiconductor company's stock valued at $33,813,000 after acquiring an additional 76,447 shares during the last quarter. Institutional investors and hedge funds own 99.23% of the company's stock.

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.