Diodes (NASDAQ:DIOD) Raised to “Strong-Buy” at Baird R W

Diodes (NASDAQ:DIOD) was upgraded by Baird R W from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other research analysts have also weighed in on the stock. Truist Financial cut their target price on shares of Diodes from $63.00 to $53.00 and set a “hold” rating for the company in a report on Wednesday, February 12th. Benchmark dropped their price objective on shares of Diodes from $74.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Finally, Robert W. Baird upgraded shares of Diodes from a “neutral” rating to an “outperform” rating and set a $50.00 target price on the stock in a report on Monday. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Diodes currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.00.

Diodes Stock Performance

NASDAQ:DIOD opened at $34.45 on Monday. The stock has a 50-day moving average price of $48.99 and a 200 day moving average price of $57.54. The company has a current ratio of 3.26, a quick ratio of 1.99 and a debt-to-equity ratio of 0.01. Diodes has a 12-month low of $32.93 and a 12-month high of $86.74. The stock has a market capitalization of $1.60 billion, a P/E ratio of 36.26 and a beta of 1.43.

Diodes (NASDAQ:DIOD) last released its quarterly earnings data on Tuesday, February 11th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.27). Diodes had a net margin of 3.36% and a return on equity of 3.28%. Equities research analysts forecast that Diodes will post 1.82 EPS for the current fiscal year.

Insider Activity

In related news, President Gary Yu sold 2,900 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction of $162,516.00. Following the transaction, the president now directly owns 79,697 shares in the company, valued at approximately $4,466,219.88. This represents a 3.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Brett R. Whitmire sold 830 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total value of $46,513.20. Following the completion of the sale, the chief financial officer now owns 51,525 shares in the company, valued at approximately $2,887,461. The trade was a 1.59 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,680 shares of company stock valued at $262,267. 2.30% of the stock is currently owned by insiders.

Institutional Trading of Diodes

A number of large investors have recently modified their holdings of the company. Smartleaf Asset Management LLC increased its holdings in Diodes by 198.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 522 shares during the period. Quantbot Technologies LP bought a new position in Diodes during the 4th quarter worth about $79,000. Sterling Capital Management LLC raised its holdings in shares of Diodes by 789.7% in the 4th quarter. Sterling Capital Management LLC now owns 1,290 shares of the semiconductor company’s stock valued at $80,000 after purchasing an additional 1,145 shares in the last quarter. KBC Group NV lifted its position in shares of Diodes by 36.7% in the 4th quarter. KBC Group NV now owns 1,987 shares of the semiconductor company’s stock worth $123,000 after purchasing an additional 533 shares during the period. Finally, Xponance Inc. bought a new position in shares of Diodes during the fourth quarter valued at approximately $203,000. 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.