Diodes (NASDAQ:DIOD) Stock Rating Upgraded by StockNews.com

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

A number of other equities research analysts have also recently weighed in on the company. Truist Financial reduced their price objective on Diodes from $69.00 to $62.00 and set a “hold” rating for the company in a research note on Friday. Benchmark reduced their price objective on 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 issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $72.80.

Diodes Stock Down 3.9 %

DIOD stock traded down $2.48 during trading on Monday, hitting $61.75. 304,424 shares of the company’s stock were exchanged, compared to its average volume of 345,443. The business has a 50-day moving average price of $62.45 and a two-hundred day moving average price of $69.17. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 46.78 and a beta of 1.32. Diodes has a 52-week low of $58.44 and a 52-week high of $86.74. The company has a current ratio of 3.38, a quick ratio of 2.10 and a debt-to-equity ratio of 0.01.

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

Insiders Place Their Bets

In other Diodes news, SVP Emily Yang sold 1,272 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $72.16, for a total value of $91,787.52. Following the completion of the transaction, the senior vice president now owns 29,028 shares in the company, valued at approximately $2,094,660.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Diodes news, SVP Emily Yang sold 1,272 shares of the stock in a transaction on Monday, August 26th. The stock was sold at an average price of $72.16, for a total value of $91,787.52. Following the completion of the transaction, the senior vice president now owns 29,028 shares in the company, valued at approximately $2,094,660.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Keh Shew Lu sold 20,010 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $67.25, for a total value of $1,345,672.50. Following the completion of the sale, the chief executive officer now directly owns 246,492 shares in the company, valued at $16,576,587. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,182 shares of company stock worth $1,640,921. 2.30% of the stock is owned by corporate insiders.

Institutional Trading of Diodes

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Diodes by 2.3% in the first quarter. Vanguard Group Inc. now owns 5,782,828 shares of the semiconductor company’s stock valued at $407,689,000 after purchasing an additional 132,101 shares during the last quarter. Seven Eight Capital LP acquired a new stake in Diodes in the first quarter valued at $1,055,000. Bessemer Group Inc. boosted its stake in shares of Diodes by 7.4% during the first quarter. Bessemer Group Inc. now owns 144,875 shares of the semiconductor company’s stock valued at $10,213,000 after acquiring an additional 9,924 shares during the last quarter. William Blair Investment Management LLC boosted its stake in shares of Diodes by 19.0% during the first quarter. William Blair Investment Management LLC now owns 479,614 shares of the semiconductor company’s stock valued at $33,813,000 after acquiring an additional 76,447 shares during the last quarter. Finally, Boston Partners acquired a new stake in shares of Diodes during the first quarter valued at $821,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

About Diodes

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.