Diodes Incorporated (NASDAQ:DIOD) Given Average Rating of “Hold” by Analysts

Diodes Incorporated (NASDAQ:DIOD) has received a consensus rating of “Hold” from the six research firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $55.3333.

DIOD has been the topic of several recent analyst reports. Zacks Research downgraded shares of Diodes from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Truist Financial boosted their price target on Diodes from $51.00 to $54.00 and gave the company a “hold” rating in a report on Friday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Diodes in a research report on Monday, December 15th. Finally, Wall Street Zen cut Diodes from a “buy” rating to a “hold” rating in a report on Saturday, November 8th.

Diodes Stock Down 0.6%

Shares of NASDAQ DIOD opened at $50.57 on Thursday. The company has a market cap of $2.35 billion, a P/E ratio of 36.65 and a beta of 1.66. The firm has a 50-day simple moving average of $50.38 and a two-hundred day simple moving average of $52.10. Diodes has a 1 year low of $32.93 and a 1 year high of $67.12. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.32 and a quick ratio of 2.09.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings results on Tuesday, March 8th. The semiconductor company reported $0.74 earnings per share for the quarter. Diodes had a return on equity of 2.81% and a net margin of 4.49%.The firm had revenue of $350.37 million for the quarter. Research analysts anticipate that Diodes will post 1.82 earnings per share for the current year.

Insider Transactions at Diodes

In other Diodes news, Director Keh Shew Lu sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $47.42, for a total transaction of $284,520.00. Following the transaction, the director owned 244,397 shares of the company’s stock, valued at approximately $11,589,305.74. This trade represents a 2.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Diodes

A number of large investors have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership bought a new stake in Diodes during the third quarter valued at about $37,519,000. Bessemer Group Inc. grew its position in shares of Diodes by 178,733.7% in the 3rd quarter. Bessemer Group Inc. now owns 366,609 shares of the semiconductor company’s stock worth $19,508,000 after buying an additional 366,404 shares during the last quarter. Invesco Ltd. raised its stake in shares of Diodes by 183.0% during the 3rd quarter. Invesco Ltd. now owns 519,013 shares of the semiconductor company’s stock worth $27,617,000 after acquiring an additional 335,644 shares in the last quarter. Tributary Capital Management LLC lifted its position in Diodes by 92.5% during the third quarter. Tributary Capital Management LLC now owns 646,240 shares of the semiconductor company’s stock valued at $34,386,000 after acquiring an additional 310,500 shares during the last quarter. Finally, Global Alpha Capital Management Ltd. boosted its stake in Diodes by 56.9% in the second quarter. Global Alpha Capital Management Ltd. now owns 846,070 shares of the semiconductor company’s stock valued at $44,749,000 after acquiring an additional 306,900 shares in the last quarter. Institutional investors own 99.23% of the company’s stock.

About Diodes

Diodes Incorporated (NASDAQ: DIOD) is a global manufacturer and supplier of high‐performance discrete, logic, analog and mixed‐signal semiconductor products. Headquartered in Plano, Texas, the company designs and develops a broad range of discrete components, standard logic functions, power management circuits, interface products and array products. Its portfolio includes rectifiers, MOSFETs, general‐purpose diodes, voltage regulators, comparators, buffers and other building blocks for electronic systems.

Diodes Incorporated serves a variety of end markets such as automotive, computing, communications, consumer electronics, industrial and lighting.