Research Analysts’ Recent Ratings Changes for Diodes (DIOD)

Several brokerages have updated their recommendations and price targets on shares of Diodes (NASDAQ: DIOD) in the last few weeks:

• 11/16/2023 – Diodes was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 11/9/2023 – Diodes had its price target lowered by analysts at Wells Fargo & Company from $85.00 to $65.00. They now have an “equal weight” rating on the stock.
• 11/9/2023 – Diodes had its price target lowered by analysts at Truist Financial Co. from $93.00 to $72.00. They now have a “buy” rating on the stock.
• 11/9/2023 – Diodes had its price target lowered by analysts at Benchmark Co. from $95.00 to $70.00. They now have a “buy” rating on the stock.
• 11/8/2023 – Diodes was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 10/31/2023 – Diodes was downgraded by analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating. They now have a $70.00 price target on the stock, down previously from $120.00.
• 10/31/2023 – Diodes was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/5/2023 – Diodes is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.

Diodes Trading Down 0.2 %

DIOD traded down $0.14 on Friday, hitting $68.72. The company had a trading volume of 112,463 shares, compared to its average volume of 255,053. The business’s fifty day simple moving average is $73.96 and its 200 day simple moving average is $83.28. The company has a quick ratio of 2.02, a current ratio of 2.85 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a 12-month low of $60.00 and a 12-month high of $97.45. The company has a market cap of $3.16 billion, a PE ratio of 10.81 and a beta of 1.47.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings results on Wednesday, November 8th. The semiconductor company reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.07). The company had revenue of $404.60 million during the quarter, compared to the consensus estimate of $425.75 million. Diodes had a return on equity of 16.56% and a net margin of 16.02%. The firm’s quarterly revenue was down 22.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.00 earnings per share. Equities research analysts expect that Diodes Incorporated will post 4.78 EPS for the current year.

Insider Buying and Selling at Diodes

In related news, COO Gary Yu sold 3,300 shares of Diodes stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $82.62, for a total transaction of $272,646.00. Following the transaction, the chief operating officer now directly owns 41,996 shares of the company’s stock, valued at $3,469,709.52. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, insider Andy Tsong sold 1,988 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $82.50, for a total transaction of $164,010.00. Following the completion of the transaction, the insider now owns 30,575 shares in the company, valued at approximately $2,522,437.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Gary Yu sold 3,300 shares of Diodes stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $82.62, for a total transaction of $272,646.00. Following the completion of the transaction, the chief operating officer now directly owns 41,996 shares in the company, valued at $3,469,709.52. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,988 shares of company stock valued at $655,248. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. increased its holdings in Diodes by 234.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 665,132 shares of the semiconductor company’s stock worth $17,321,000 after buying an additional 466,204 shares during the period. Norges Bank purchased a new stake in shares of Diodes in the 4th quarter valued at $30,756,000. Fuller & Thaler Asset Management Inc. increased its stake in shares of Diodes by 102.3% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 578,250 shares of the semiconductor company’s stock worth $50,302,000 after acquiring an additional 292,450 shares during the period. Global Alpha Capital Management Ltd. purchased a new position in shares of Diodes during the third quarter worth $13,866,000. Finally, First Trust Advisors LP lifted its position in Diodes by 272.2% during the first quarter. First Trust Advisors LP now owns 232,230 shares of the semiconductor company’s stock valued at $21,542,000 after purchasing an additional 169,840 shares during the period. Institutional investors and hedge funds own 94.82% of the company’s stock.

Diodes Incorporated engages in the manufacture and supply of application-specific standard products in the broad discrete, logic, analog, and mixed-signal semiconductor markets worldwide. The company offers discrete semiconductor products, such as MOSFET, TVS, and performance Schottky rectifiers; GPP bridges and rectifiers, and performance Schottky diodes; performance Zener diodes, including tight tolerance and low operating current type; standard, fast, super-fast, and ultra-fast recovery rectifiers; bridge rectifiers; switching diodes; small signal bipolar and prebiased transistors; thyristor surge protection devices; and transient voltage suppressors.