Diodes (NASDAQ:DIOD) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Diodes (NASDAQ:DIOD) from a strong sell rating to a hold rating in a research note published on Monday morning,Zacks.com reports.

A number of other equities analysts have also recently issued reports on DIOD. Truist Financial increased their target price on Diodes from $51.00 to $54.00 and gave the stock a “hold” rating in a report on Friday, December 19th. Wall Street Zen cut shares of Diodes from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Diodes in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $55.33.

Diodes Stock Up 4.8%

Shares of NASDAQ DIOD opened at $54.51 on Monday. The company has a quick ratio of 2.09, a current ratio of 3.32 and a debt-to-equity ratio of 0.01. The firm has a market cap of $2.53 billion, a PE ratio of 39.55 and a beta of 1.65. The company’s fifty day simple moving average is $49.16 and its 200 day simple moving average is $52.12. Diodes has a 12-month low of $32.93 and a 12-month high of $67.00.

Diodes (NASDAQ:DIOD) last released its quarterly earnings data on Tuesday, March 8th. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter. Diodes had a net margin of 4.49% and a return on equity of 2.81%. The company had revenue of $350.37 million for the quarter. As a group, sell-side analysts forecast that Diodes will post 1.82 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Diodes news, Director Keh Shew Lu sold 6,000 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $47.42, for a total value of $284,520.00. Following the transaction, the director directly owned 244,397 shares in the company, valued at $11,589,305.74. The trade was a 2.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.30% of the company’s stock.

Institutional Trading of Diodes

A number of large investors have recently bought and sold shares of DIOD. EverSource Wealth Advisors LLC grew its stake in shares of Diodes by 77.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 205 shares during the period. Salomon & Ludwin LLC bought a new position in Diodes during the third quarter worth about $25,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of Diodes by 283.1% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 544 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 402 shares in the last quarter. Geneos Wealth Management Inc. purchased a new position in shares of Diodes in the second quarter worth about $30,000. Finally, Fifth Third Bancorp raised its position in shares of Diodes by 85.8% in the second quarter. Fifth Third Bancorp now owns 628 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 290 shares during the period. 99.23% of the stock is owned by hedge funds and other institutional investors.

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.