Diodes (NASDAQ:DIOD) Lowered to “Sell” at StockNews.com

StockNews.com lowered shares of Diodes (NASDAQ:DIOD) from a hold rating to a sell rating in a research report sent to investors on Monday morning.

Several other research firms have also recently weighed in on DIOD. Robert W. Baird boosted their price objective on shares of Diodes from $56.00 to $72.00 and gave the company a neutral rating in a report on Friday, May 10th. Truist Financial cut their target price on shares of Diodes from $74.00 to $69.00 and set a hold rating for the company in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Hold and an average price target of $73.20.

Diodes Stock Up 5.3 %

DIOD opened at $66.59 on Monday. The company has a quick ratio of 2.05, a current ratio of 3.18 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average price of $73.64 and a 200-day moving average price of $71.27. Diodes has a twelve month low of $58.96 and a twelve month high of $86.74. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 18.14 and a beta of 1.35.

Diodes (NASDAQ:DIOD) last released its quarterly earnings data on Thursday, August 8th. The semiconductor company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. Diodes had a net margin of 11.36% and a return on equity of 9.11%. The firm had revenue of $319.80 million during the quarter, compared to analysts’ expectations of $316.12 million. During the same period in the previous year, the company earned $1.59 earnings per share. The firm’s quarterly revenue was down 31.5% on a year-over-year basis. Equities research analysts forecast that Diodes will post 1.8 earnings per share for the current year.

Insider Activity at Diodes

In related news, CEO Keh Shew Lu sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $73.93, for a total transaction of $443,580.00. Following the completion of the sale, the chief executive officer now directly owns 102,996 shares in the company, valued at $7,614,494.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Diodes news, CEO Keh Shew Lu sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $73.93, for a total value of $443,580.00. Following the completion of the transaction, the chief executive officer now directly owns 102,996 shares in the company, valued at $7,614,494.28. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Peter M. Menard sold 630 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $71.96, for a total transaction of $45,334.80. Following the completion of the transaction, the director now owns 18,050 shares of the company’s stock, valued at $1,298,878. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 21,630 shares of company stock worth $1,618,415. 2.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Diodes

A number of hedge funds have recently modified their holdings of the company. GAMMA Investing LLC bought a new position in shares of Diodes during the fourth quarter worth $30,000. EntryPoint Capital LLC bought a new position in shares of Diodes during the first quarter worth $40,000. Riverview Trust Co bought a new position in shares of Diodes during the first quarter worth $51,000. Principal Securities Inc. bought a new position in shares of Diodes during the fourth quarter worth $74,000. Finally, NBC Securities Inc. boosted its position 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 acquiring an additional 471 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors.

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.