Diodes (NASDAQ:DIOD) Trading Up 5.3%

Diodes Incorporated (NASDAQ:DIODGet Free Report) was up 5.3% during mid-day trading on Monday . The stock traded as high as $76.85 and last traded at $76.85. Approximately 113,637 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 330,733 shares. The stock had previously closed at $72.95.

Analyst Ratings Changes

Several equities analysts have issued reports on DIOD shares. Robert W. Baird lifted their price target on shares of Diodes from $56.00 to $72.00 and gave the stock a “neutral” rating in a report on Friday, May 10th. Truist Financial lifted their price objective on shares of Diodes from $67.00 to $74.00 and gave the stock a “hold” rating in a research note on Friday, May 10th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $74.20.

Get Our Latest Report on Diodes

Diodes Stock Up 4.9 %

The company has a market capitalization of $3.74 billion, a price-to-earnings ratio of 22.09 and a beta of 1.36. The business’s 50-day moving average is $73.11 and its 200-day moving average is $71.28. The company has a quick ratio of 2.05, a current ratio of 3.18 and a debt-to-equity ratio of 0.01.

Diodes (NASDAQ:DIODGet Free Report) last released its quarterly earnings data on Thursday, May 9th. The semiconductor company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. Diodes had a net margin of 11.36% and a return on equity of 9.11%. The company had revenue of $301.90 million during the quarter, compared to analysts’ expectations of $305.47 million. During the same quarter in the previous year, the company earned $1.59 earnings per share. The firm’s revenue for the quarter was down 35.4% on a year-over-year basis. As a group, equities analysts predict that Diodes Incorporated will post 1.8 earnings per share for the current year.

Insider Buying and Selling at Diodes

In other Diodes news, Director Peter M. Menard sold 630 shares of Diodes stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $71.96, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Keh Shew Lu sold 6,000 shares of the business’s stock in a transaction dated 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 owns 102,996 shares of the company’s stock, valued at $7,614,494.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Peter M. Menard sold 630 shares of the business’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $71.96, for a total transaction of $45,334.80. Following the sale, the director now directly owns 18,050 shares of the company’s stock, valued at approximately $1,298,878. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,630 shares of company stock valued at $2,272,715. Corporate insiders own 2.30% of the company’s stock.

Institutional Trading of Diodes

Institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC purchased a new stake in Diodes during the 4th quarter valued at about $30,000. EntryPoint Capital LLC acquired a new position in Diodes in the 1st quarter valued at about $40,000. Riverview Trust Co acquired a new position in Diodes in the 1st quarter valued at about $51,000. Principal Securities Inc. acquired a new position in Diodes in the 4th quarter valued at about $74,000. Finally, NBC Securities Inc. boosted its holdings in Diodes by 62.3% in the 1st quarter. NBC Securities Inc. now owns 1,227 shares of the semiconductor company’s stock valued at $86,000 after purchasing an additional 471 shares during the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

About Diodes

(Get Free Report)

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.

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