Diodes Incorporated (NASDAQ:DIOD) Receives $113.00 Average Price Target from Analysts

Shares of Diodes Incorporated (NASDAQ:DIOD) have received an average recommendation of “Moderate Buy” from the five analysts that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $113.00.

DIOD has been the topic of several analyst reports. Zacks Research downgraded Diodes from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Robert W. Baird set a $120.00 target price on shares of Diodes in a research report on Friday, May 8th. Finally, Truist Financial upped their price target on Diodes from $98.00 to $139.00 and gave the company a “buy” rating in a research report on Friday, May 8th.

Diodes Price Performance

Shares of NASDAQ DIOD opened at $96.38 on Monday. The stock has a market cap of $4.43 billion, a P/E ratio of 52.38 and a beta of 1.88. Diodes has a twelve month low of $42.28 and a twelve month high of $125.99. The stock has a 50 day moving average of $105.74 and a two-hundred day moving average of $80.84. The company has a current ratio of 3.17, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.08. Diodes had a net margin of 5.50% and a return on equity of 3.48%. The business had revenue of $405.47 million during the quarter, compared to analyst estimates of $396.33 million. During the same quarter in the previous year, the business posted $0.19 earnings per share. The company’s revenue was up 22.1% on a year-over-year basis. On average, research analysts forecast that Diodes will post 2.58 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Jin Zhao sold 3,689 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $106.86, for a total value of $394,206.54. Following the completion of the transaction, the insider owned 43,531 shares in the company, valued at $4,651,722.66. This trade represents a 7.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Brett R. Whitmire sold 16,556 shares of the business’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $103.34, for a total value of $1,710,897.04. Following the sale, the chief financial officer owned 44,632 shares in the company, valued at approximately $4,612,270.88. The trade was a 27.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 70,981 shares of company stock valued at $7,616,906 in the last three months. Insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Diodes

Several hedge funds have recently made changes to their positions in DIOD. Wedge Capital Management L L P NC boosted its position in shares of Diodes by 179.2% in the second quarter. Wedge Capital Management L L P NC now owns 75,885 shares of the semiconductor company’s stock worth $8,305,000 after buying an additional 48,701 shares during the period. GAMMA Investing LLC boosted its position in Diodes by 8.9% during the 2nd quarter. GAMMA Investing LLC now owns 3,495 shares of the semiconductor company’s stock worth $382,000 after acquiring an additional 287 shares during the period. Pacific Excel Wealth Advisors Inc. purchased a new position in Diodes during the 2nd quarter valued at about $231,000. Integrated Investment Consultants LLC purchased a new position in Diodes during the 1st quarter valued at about $216,000. Finally, Prospect Capital Advisors LLC acquired a new position in shares of Diodes in the 1st quarter valued at about $2,853,000. Hedge funds and other 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.