Diodes (NASDAQ:DIOD) Shares Gap Up – Should You Buy?

Diodes Incorporated (NASDAQ:DIOD)’s share price gapped up before the market opened on Monday . The stock had previously closed at $61.65, but opened at $65.30. Diodes shares last traded at $66.30, with a volume of 35,297 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Zacks Research cut shares of Diodes from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 11th. Truist Financial upped their price objective on shares of Diodes from $54.00 to $67.00 and gave the company a “hold” rating in a report on Wednesday, February 11th. Benchmark increased their price objective on shares of Diodes from $62.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Wall Street Zen upgraded Diodes from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Finally, Weiss Ratings raised Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $65.67.

Diodes Trading Up 3.9%

The firm’s 50-day moving average is $62.15 and its 200-day moving average is $55.19. The company has a current ratio of 3.32, a quick ratio of 2.08 and a debt-to-equity ratio of 0.01. The firm has a market cap of $3.05 billion, a price-to-earnings ratio of 46.68 and a beta of 1.61.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings results on Tuesday, February 10th. The semiconductor company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. Diodes had a net margin of 4.46% and a return on equity of 2.95%. The business had revenue of $391.58 million during the quarter, compared to analyst estimates of $380.03 million. During the same quarter in the previous year, the business posted $0.27 EPS. Diodes’s quarterly revenue was up 15.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Diodes Incorporated will post 1.82 EPS for the current fiscal year.

Insider Activity at Diodes

In other Diodes news, CFO Brett R. Whitmire sold 830 shares of Diodes stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $60.85, for a total transaction of $50,505.50. Following the completion of the transaction, the chief financial officer owned 67,141 shares in the company, valued at approximately $4,085,529.85. The trade was a 1.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jin Zhao sold 525 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $59.19, for a total value of $31,074.75. Following the sale, the insider directly owned 49,980 shares of the company’s stock, valued at $2,958,316.20. This represents a 1.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 116,205 shares of company stock valued at $7,837,213 over the last quarter. 2.30% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Captrust Financial Advisors boosted its position in shares of Diodes by 3.1% during the fourth quarter. Captrust Financial Advisors now owns 4,882 shares of the semiconductor company’s stock valued at $241,000 after buying an additional 145 shares during the last quarter. Verdence Capital Advisors LLC raised its position in Diodes by 2.3% in the 4th quarter. Verdence Capital Advisors LLC now owns 8,430 shares of the semiconductor company’s stock valued at $416,000 after buying an additional 186 shares during the last quarter. Arizona State Retirement System lifted its stake in Diodes by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 13,720 shares of the semiconductor company’s stock valued at $730,000 after acquiring an additional 189 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Diodes by 51.4% during the 4th quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 200 shares in the last quarter. Finally, Strs Ohio boosted its holdings in Diodes by 2.2% during the 4th quarter. Strs Ohio now owns 9,100 shares of the semiconductor company’s stock worth $449,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 99.23% of the company’s stock.

Diodes Company Profile

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.