Diodes (NASDAQ:DIOD) Trading Up 7.4% – What’s Next?

Shares of Diodes Incorporated (NASDAQ:DIOD) shot up 7.4% during trading on Monday . The stock traded as high as $78.00 and last traded at $73.6710. 215,632 shares changed hands during trading, a decline of 50% from the average session volume of 432,686 shares. The stock had previously closed at $68.58.

Wall Street Analyst Weigh In

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

Diodes Stock Up 5.8%

The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 51.12 and a beta of 1.58. The business has a fifty day moving average of $65.88 and a 200 day moving average of $56.72. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.32 and a quick ratio of 2.08.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Tuesday, February 10th. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $391.58 million during the quarter, compared to analysts’ expectations of $380.03 million. During the same period in the prior year, the company posted $0.27 earnings per share. Diodes’s revenue for the quarter was up 15.4% on a year-over-year basis. On average, equities analysts predict that Diodes Incorporated will post 1.82 earnings per share for the current year.

Insider Buying and Selling at Diodes

In other news, CFO Brett R. Whitmire sold 830 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $60.85, for a total value of $50,505.50. Following the completion of the sale, the chief financial officer directly owned 67,141 shares of the company’s stock, valued at approximately $4,085,529.85. This represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary Yu sold 2,900 shares of the business’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $60.85, for a total transaction of $176,465.00. Following the transaction, the chief executive officer directly owned 111,671 shares in the company, valued at $6,795,180.35. This trade represents a 2.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 116,205 shares of company stock worth $7,837,213 in the last quarter. 1.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Diodes

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Diodes by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 6,154,859 shares of the semiconductor company’s stock valued at $303,681,000 after buying an additional 166,603 shares during the period. Geode Capital Management LLC boosted its stake in Diodes by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 1,350,436 shares of the semiconductor company’s stock worth $66,640,000 after purchasing an additional 11,799 shares in the last quarter. Global Alpha Capital Management Ltd. grew its holdings in Diodes by 1.6% during the 4th quarter. Global Alpha Capital Management Ltd. now owns 855,090 shares of the semiconductor company’s stock worth $42,190,000 after acquiring an additional 13,420 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Diodes by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 797,316 shares of the semiconductor company’s stock valued at $39,340,000 after purchasing an additional 17,506 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in Diodes in the 3rd quarter valued at $37,519,000. 99.23% of the stock is currently owned by institutional investors.

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.