Diodes Incorporated (NASDAQ:DIOD) Receives Consensus Rating of “Hold” from Brokerages

Shares of Diodes Incorporated (NASDAQ:DIOD) have earned an average rating of “Hold” from the five ratings firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $72.80.

Several research firms recently commented on DIOD. Truist Financial dropped their price objective on Diodes from $69.00 to $62.00 and set a “hold” rating on the stock in a research report on Friday, November 8th. Benchmark dropped their price target on shares of Diodes from $83.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, November 11th. Finally, StockNews.com raised shares of Diodes from a “sell” rating to a “hold” rating in a report on Monday, November 11th.

Diodes Trading Up 1.0 %

Shares of NASDAQ DIOD opened at $58.98 on Friday. The firm’s 50 day moving average price is $62.47 and its 200-day moving average price is $64.28. Diodes has a 52-week low of $52.71 and a 52-week high of $86.74. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.21 and a current ratio of 3.58. The company has a market cap of $2.73 billion, a PE ratio of 44.68 and a beta of 1.32.

Diodes (NASDAQ:DIOD) last released its quarterly earnings data on Thursday, November 7th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.04. The business had revenue of $350.08 million for the quarter, compared to analysts’ expectations of $346.30 million. Diodes had a return on equity of 3.90% and a net margin of 4.72%. During the same period in the prior year, the firm posted $1.13 EPS. On average, equities research analysts expect that Diodes will post 1.35 EPS for the current fiscal year.

Hedge Funds Weigh In On Diodes

A number of institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC grew its holdings in Diodes by 19.6% during the third quarter. FMR LLC now owns 5,785,134 shares of the semiconductor company’s stock valued at $370,769,000 after purchasing an additional 947,118 shares during the period. Victory Capital Management Inc. lifted its position in shares of Diodes by 130.9% during the 3rd quarter. Victory Capital Management Inc. now owns 1,744,135 shares of the semiconductor company’s stock valued at $111,782,000 after buying an additional 988,671 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Diodes by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,266,052 shares of the semiconductor company’s stock valued at $81,154,000 after acquiring an additional 43,841 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Diodes by 5.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 626,106 shares of the semiconductor company’s stock worth $40,127,000 after acquiring an additional 31,089 shares in the last quarter. Finally, Tributary Capital Management LLC lifted its holdings in Diodes by 9.5% during the third quarter. Tributary Capital Management LLC now owns 291,037 shares of the semiconductor company’s stock valued at $18,653,000 after purchasing an additional 25,259 shares in the last quarter. Hedge funds and other institutional investors 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.