Diodes Incorporated (DIOD) – What Are Investment Firms Thinking About This Stock?

Diodes Incorporated (NASDAQ:DIOD) has been assigned an average recommendation of “Buy” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $129.17.

Several brokerages have issued reports on DIOD. Wells Fargo & Company set a $135.00 price target on shares of Diodes in a research note on Tuesday, October 6th. Weiss Ratings restated a “hold (c)” rating on shares of Diodes in a research note on Tuesday, October 13th. Truist Financial decreased their price objective on Diodes from $139.00 to $133.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Robert W. Baird set a $192.00 price objective on Diodes in a report on Thursday, August 6th. Finally, Needham & Company LLC lowered their target price on Diodes from $110.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, November 6th.

Diodes Stock Down 4.7%

Shares of NASDAQ DIOD traded down $4.35 during midday trading on Friday, reaching $87.25. The company’s stock had a trading volume of 341,699 shares, compared to its average volume of 578,383. The company has a current ratio of 3.07, a quick ratio of 2.02 and a debt-to-equity ratio of 0.19. Diodes has a fifty-two week low of $42.28 and a fifty-two week high of $125.99. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 35.04 and a beta of 1.96. The stock has a 50 day simple moving average of $89.98 and a 200-day simple moving average of $88.71.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings data on Thursday, November 5th. The semiconductor company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.13. Diodes had a net margin of 6.51% and a return on equity of 6.17%. The business had revenue of $532.59 million for the quarter, compared to analyst estimates of $512.94 million. During the same quarter in the previous year, the firm posted $0.37 earnings per share. The firm’s revenue for the quarter was up 35.8% on a year-over-year basis. Equities research analysts predict that Diodes will post 3.66 earnings per share for the current year.

Recent Diodes Headlines

Here are a few of the latest headlines about DIOD:

• Positive Sentiment: Analyst sentiment is supportive: Zacks Research upgraded DIOD to “strong buy,” and analyst price targets imply potential upside. These targets are estimates, not guarantees. Article: Analyst Price Targets
• Neutral Sentiment: One recent analysis says the sell-off reflected weakness across the semiconductor sector, rather than disappointment with Diodes’ earnings—a possible explanation for why the shares have not fully reflected the strong report. Article: Sector Sell-Off Analysis
• Negative Sentiment: Reported open-market insider activity showed sales and no purchases over the past six months. This may concern investors, although insider selling alone does not establish a negative business outlook. Article: Insider Trading Activity

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Andar Capital Management HK Ltd acquired a new position in shares of Diodes during the 2nd quarter worth about $80,000,000. BlackRock Inc. bought a new stake in shares of Diodes in the 2nd quarter valued at about $803,920,000. William Blair Investment Management LLC acquired a new stake in Diodes in the 2nd quarter valued at about $184,153,000. Bank of New York Mellon Corp acquired a new stake in Diodes in the 2nd quarter valued at about $41,421,000. Finally, Marshall Wace LLP acquired a new stake in Diodes in the 3rd quarter valued at about $24,463,000. 99.23% of the stock is currently owned by institutional investors.

About Diodes

Diodes Incorporated designs, manufactures and supplies semiconductor products used in electronic systems. Its portfolio includes discrete semiconductors, analog and mixed-signal devices, and power-management products, such as rectifiers, transistors, MOSFETs, protection devices, converters and LED drivers. The company’s products support applications in automotive, industrial, computing, consumer electronics and communications markets. Diodes serves customers globally through operations and sales across the Americas, Europe and Asia.