StockNews.com Upgrades Diodes (NASDAQ:DIOD) to “Hold”

Diodes (NASDAQ:DIOD) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

Several other equities research analysts have also recently commented on DIOD. Truist Financial dropped their target price on shares of Diodes from $69.00 to $62.00 and set a “hold” rating for the company in a research report on Friday. Benchmark decreased their price target on shares of Diodes from $83.00 to $75.00 and set a “buy” rating for the company in a research note on Monday. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $72.80.

Diodes Trading Down 3.9 %

Shares of NASDAQ:DIOD traded down $2.48 on Monday, hitting $61.75. The company had a trading volume of 304,424 shares, compared to its average volume of 345,443. The firm’s 50-day simple moving average is $62.45 and its two-hundred day simple moving average is $69.17. Diodes has a 1 year low of $58.44 and a 1 year high of $86.74. The company has a quick ratio of 2.10, a current ratio of 3.38 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 46.78 and a beta of 1.32.

Diodes (NASDAQ:DIOD) last posted its earnings results on Thursday, August 8th. The semiconductor company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. Diodes had a net margin of 4.72% and a return on equity of 3.93%. The firm had revenue of $319.80 million during the quarter, compared to analysts’ expectations of $316.12 million. During the same period last year, the company posted $1.59 EPS. The company’s quarterly revenue was down 31.5% compared to the same quarter last year. Equities analysts anticipate that Diodes will post 1.55 earnings per share for the current fiscal year.

Insider Buying and Selling at Diodes

In other news, CEO Keh Shew Lu sold 20,010 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $67.25, for a total transaction of $1,345,672.50. Following the sale, the chief executive officer now owns 246,492 shares of the company’s stock, valued at $16,576,587. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Keh Shew Lu sold 20,010 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $67.25, for a total transaction of $1,345,672.50. Following the sale, the chief executive officer now owns 246,492 shares of the company’s stock, valued at $16,576,587. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Emily Yang sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $70.48, for a total transaction of $70,480.00. Following the sale, the senior vice president now directly owns 59,820 shares in the company, valued at approximately $4,216,113.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,182 shares of company stock worth $1,640,921. 2.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Diodes

Several large investors have recently added to or reduced their stakes in DIOD. Victory Capital Management Inc. lifted its holdings in Diodes by 130.9% during the third quarter. Victory Capital Management Inc. now owns 1,744,135 shares of the semiconductor company’s stock valued at $111,782,000 after purchasing an additional 988,671 shares in the last quarter. Earnest Partners LLC lifted its holdings in Diodes by 12.5% during the first quarter. Earnest Partners LLC now owns 2,534,798 shares of the semiconductor company’s stock valued at $178,703,000 after purchasing an additional 282,089 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Diodes by 8.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,913,282 shares of the semiconductor company’s stock valued at $137,620,000 after purchasing an additional 141,610 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Diodes by 2.3% during the first quarter. Vanguard Group Inc. now owns 5,782,828 shares of the semiconductor company’s stock valued at $407,689,000 after buying an additional 132,101 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Diodes by 27.2% during the second quarter. Bank of New York Mellon Corp now owns 604,153 shares of the semiconductor company’s stock valued at $43,457,000 after buying an additional 129,195 shares during the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

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.