Analysts Set Diodes Incorporated (NASDAQ:DIOD) Target Price at $72.40

Shares of Diodes Incorporated (NASDAQ:DIOD) have earned a consensus recommendation of “Hold” from the five analysts that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $72.40.

DIOD has been the subject of several analyst reports. Truist Financial cut their target price on Diodes from $78.00 to $67.00 and set a “hold” rating for the company in a research note on Wednesday, February 7th. TD Cowen upped their target price on shares of Diodes from $72.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Finally, Wells Fargo & Company cut their price target on shares of Diodes from $80.00 to $70.00 and set an “equal weight” rating for the company in a report on Wednesday, February 7th.

Insider Transactions at Diodes

In other Diodes news, CEO Keh Shew Lu sold 12,000 shares of Diodes stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $68.78, for a total transaction of $825,360.00. Following the completion of the sale, the chief executive officer now owns 262,492 shares of the company’s stock, valued at $18,054,199.76. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Brett R. Whitmire sold 3,400 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $67.30, for a total transaction of $228,820.00. Following the completion of the sale, the chief financial officer now directly owns 48,265 shares in the company, valued at approximately $3,248,234.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Keh Shew Lu sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $68.78, for a total value of $825,360.00. Following the completion of the sale, the chief executive officer now owns 262,492 shares of the company’s stock, valued at approximately $18,054,199.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,900 shares of company stock valued at $1,774,570. Insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in DIOD. GAMMA Investing LLC bought a new stake in Diodes in the 4th quarter worth $30,000. Riverview Trust Co bought a new stake in shares of Diodes in the first quarter worth about $51,000. NBC Securities Inc. bought a new stake in shares of Diodes in the third quarter worth about $59,000. Principal Securities Inc. purchased a new position in Diodes during the 4th quarter valued at about $74,000. Finally, Migdal Insurance & Financial Holdings Ltd. raised its position in Diodes by 17.5% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,184 shares of the semiconductor company’s stock valued at $93,000 after purchasing an additional 176 shares during the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

Diodes Price Performance

DIOD opened at $72.79 on Thursday. The firm has a market cap of $3.36 billion, a P/E ratio of 14.82 and a beta of 1.44. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.03 and a current ratio of 3.02. Diodes has a fifty-two week low of $60.00 and a fifty-two week high of $97.37. The firm has a 50-day moving average of $69.17 and a 200 day moving average of $70.49.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.04. The company had revenue of $322.70 million during the quarter, compared to analyst estimates of $324.76 million. Diodes had a net margin of 13.67% and a return on equity of 12.79%. Diodes’s quarterly revenue was down 35.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.73 EPS. On average, research analysts expect that Diodes will post 2.55 EPS for the current year.

About Diodes

Diodes Incorporated, together with its subsidiaries, manufactures and supplies application-specific standard products in the broad discrete, logic, analog, and mixed-signal semiconductor markets worldwide. The company offers discrete semiconductor products, such as MOSFETs, SiC MOSFETs; data line protection, power line protection, thyristers, USB Type-C protection, and transient voltage suppressors; Schottky, small signal switching, Zener, and SiC diodes; bridges, super barrier, Schottky, Schottky bridge, and fast/ultra-fast rectifiers; and bipolar, avalanche, gate driver, and pre-bias transistors.