Diodes (NASDAQ:DIOD) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of Diodes (NASDAQ:DIOD) from a hold rating to a buy rating in a research report released on Saturday.

Several other brokerages have also recently issued reports on DIOD. Benchmark increased their target price on Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday. Truist Financial raised their price objective on Diodes from $54.00 to $67.00 and gave the company a “hold” rating in a research report on Wednesday. Zacks Research downgraded shares of Diodes from a “hold” rating to a “strong sell” rating in a report on Wednesday. Finally, Weiss Ratings raised shares of 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’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $65.67.

Diodes Stock Down 1.4%

Shares of Diodes stock opened at $71.07 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.32 and a quick ratio of 2.09. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 50.05 and a beta of 1.66. The firm’s 50-day moving average is $55.74 and its two-hundred day moving average is $53.13. Diodes has a 1 year low of $32.93 and a 1 year high of $81.71.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings results on Tuesday, February 10th. The semiconductor company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.08. The firm had revenue of $391.58 million during the quarter, compared to analysts’ expectations of $380.03 million. Diodes had a net margin of 4.46% and a return on equity of 2.95%. The company’s revenue was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.27 EPS. As a group, research analysts expect that Diodes will post 1.82 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Brett R. Whitmire sold 830 shares of Diodes stock in a transaction that occurred on Tuesday, February 3rd. The shares were 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 in the company, valued at $4,085,529.85. This trade represents a 1.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jin Zhao sold 525 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $59.19, for a total transaction of $31,074.75. Following the transaction, the insider owned 49,980 shares in the company, valued at $2,958,316.20. The trade was a 1.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 5,205 shares of company stock worth $315,853 over the last ninety days. Insiders own 1.90% of the company’s stock.

Institutional Trading of Diodes

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its holdings in shares of Diodes by 77.4% in the second quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 205 shares during the period. Salomon & Ludwin LLC purchased a new position in Diodes during the 3rd quarter worth approximately $25,000. Geneos Wealth Management Inc. acquired a new stake in Diodes during the 2nd quarter valued at approximately $30,000. Farther Finance Advisors LLC boosted its holdings in shares of Diodes by 51.4% in 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 during the last quarter. Finally, MAI Capital Management increased its stake in shares of Diodes by 150.0% in the third quarter. MAI Capital Management now owns 685 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 411 shares during the period. Institutional investors and hedge funds 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.