According to Zacks, “Diodes Incorporated is a leading manufacturer and supplier of high-quality discrete and analog semiconductor products, primarily to the communications, computing, industrial, consumer electronics and automotive markets. The Company’s corporate sales, marketing, engineering and logistics headquarters is located in Southern California, with two manufacturing facilities in Shanghai, China, a wafer fabrication plant in Kansas City, Missouri, engineering, sales, warehouse and logistics offices in Taipei, Taiwan and Hong Kong, and sales and support offices throughout the world. Diodes, Inc. recently acquired Anachip Corporation, a fabless analog IC company in Hsinchu Science Park, Taiwan. It’s product focus is on subminiature surface-mount discrete devices, analog power management ICs and Hall-effect sensors all of which are widely used in end-user equipment. “
A number of other research firms have also commented on DIOD. Cowen upped their price target on Diodes from $90.00 to $95.00 and gave the company an outperform rating in a research report on Wednesday, February 17th. Loop Capital upped their price target on Diodes from $77.00 to $94.00 and gave the company a buy rating in a research report on Thursday, February 18th. Truist upped their price target on Diodes from $86.00 to $101.00 in a research report on Wednesday, February 17th. Finally, Wells Fargo & Company increased their target price on Diodes from $80.00 to $85.00 and gave the stock an equal weight rating in a research report on Tuesday, March 30th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The company has an average rating of Buy and an average target price of $86.00.
Diodes (NASDAQ:DIOD) last released its earnings results on Monday, February 15th. The semiconductor company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.04. Diodes had a return on equity of 9.95% and a net margin of 9.79%. The company had revenue of $350.37 million during the quarter, compared to analyst estimates of $340.80 million. As a group, equities research analysts forecast that Diodes will post 2.31 earnings per share for the current fiscal year.
In related news, CEO Keh Shew Lu sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, March 22nd. The shares were sold at an average price of $89.98, for a total value of $1,799,600.00. Following the completion of the transaction, the chief executive officer now owns 402,902 shares of the company’s stock, valued at $36,253,121.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Julie Holland sold 3,250 shares of Diodes stock in a transaction on Wednesday, February 17th. The stock was sold at an average price of $77.01, for a total transaction of $250,282.50. Following the completion of the transaction, the senior vice president now directly owns 79,406 shares in the company, valued at $6,115,056.06. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 230,846 shares of company stock worth $19,305,739. 4.60% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund grew its holdings in Diodes by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 17,243 shares of the semiconductor company’s stock worth $1,377,000 after purchasing an additional 300 shares during the last quarter. NEXT Financial Group Inc grew its holdings in shares of Diodes by 4.2% during the first quarter. NEXT Financial Group Inc now owns 4,134 shares of the semiconductor company’s stock valued at $330,000 after buying an additional 166 shares during the last quarter. YorkBridge Wealth Partners LLC grew its holdings in shares of Diodes by 26.6% during the first quarter. YorkBridge Wealth Partners LLC now owns 3,846 shares of the semiconductor company’s stock valued at $307,000 after buying an additional 807 shares during the last quarter. DnB Asset Management AS boosted its holdings in Diodes by 37.4% in the first quarter. DnB Asset Management AS now owns 345,928 shares of the semiconductor company’s stock valued at $27,619,000 after purchasing an additional 94,213 shares during the last quarter. Finally, FDx Advisors Inc. boosted its holdings in Diodes by 24.3% in the first quarter. FDx Advisors Inc. now owns 3,857 shares of the semiconductor company’s stock valued at $308,000 after purchasing an additional 753 shares during the last quarter. 77.95% of the stock is currently owned by institutional investors and hedge funds.
Diodes Incorporated designs, manufactures, and supplies application-specific standard products in the discrete, logic, and analog and mixed-signal semiconductor markets worldwide. It primarily focuses on low pin count semiconductor devices with one or more active and/or passive components. The company offers discrete semiconductor products, such as MOSFET, TVS, and performance Schottky rectifiers; GPP bridges and retifiers performance Schottky diodes; Zener and performance Zener diodes, including tight tolerance and low operating current type; standard, fast, super-fast, and ultra-fast recovery rectifiers; bridge rectifiers; switching diodes; small signal bipolar and prebiased transistors; other MOSFETs; thyristor surge protection devices; and transient voltage suppressors.
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