Brokerages Set Diodes Incorporated (NASDAQ:DIOD) Target Price at $74.20

Diodes Incorporated (NASDAQ:DIOD) has been assigned a consensus rating of “Hold” from the five ratings firms that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $74.20.

Several analysts have recently weighed in on DIOD shares. Robert W. Baird lifted their target price on Diodes from $56.00 to $72.00 and gave the stock a “neutral” rating in a research report on Friday, May 10th. Truist Financial raised their price target on Diodes from $67.00 to $74.00 and gave the company a “hold” rating in a research note on Friday, May 10th.

Insider Buying and Selling at Diodes

In other Diodes news, CEO Keh Shew Lu sold 15,000 shares of Diodes stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $75.30, for a total value of $1,129,500.00. Following the transaction, the chief executive officer now owns 87,331 shares in the company, valued at $6,576,024.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Diodes news, CEO Keh Shew Lu sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $75.30, for a total value of $1,129,500.00. Following the completion of the sale, the chief executive officer now owns 87,331 shares of the company’s stock, valued at $6,576,024.30. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Peter M. Menard sold 630 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $71.96, for a total value of $45,334.80. Following the completion of the sale, the director now directly owns 18,050 shares of the company’s stock, valued at approximately $1,298,878. The disclosure for this sale can be found here. Insiders have sold 30,630 shares of company stock worth $2,272,715 over the last quarter. Insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Diodes

Institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC acquired a new stake in Diodes in the fourth quarter worth about $30,000. EntryPoint Capital LLC acquired a new stake in shares of Diodes during the first quarter worth about $40,000. Riverview Trust Co acquired a new stake in shares of Diodes during the first quarter worth about $51,000. Principal Securities Inc. acquired a new stake in shares of Diodes during the fourth quarter worth about $74,000. Finally, NBC Securities Inc. lifted its holdings in shares of Diodes by 62.3% during the first quarter. NBC Securities Inc. now owns 1,227 shares of the semiconductor company’s stock worth $86,000 after purchasing an additional 471 shares during the period. Institutional investors and hedge funds own 99.23% of the company’s stock.

Diodes Stock Up 0.1 %

Shares of DIOD opened at $70.69 on Friday. Diodes has a 52-week low of $60.00 and a 52-week high of $96.68. The company has a market cap of $3.26 billion, a PE ratio of 19.26 and a beta of 1.39. The business has a fifty day moving average of $72.50 and a 200 day moving average of $71.52. The company has a quick ratio of 2.05, a current ratio of 3.18 and a debt-to-equity ratio of 0.01.

Diodes (NASDAQ:DIOD) last released its earnings results on Thursday, May 9th. The semiconductor company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.01. Diodes had a return on equity of 9.11% and a net margin of 11.36%. The business had revenue of $301.90 million during the quarter, compared to the consensus estimate of $305.47 million. During the same period last year, the company earned $1.59 earnings per share. The business’s revenue for the quarter was down 35.4% compared to the same quarter last year. On average, sell-side analysts expect that Diodes will post 1.8 EPS for the current year.

Diodes Company Profile

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.