Diodes Incorporated (NASDAQ:DIOD) Given Consensus Recommendation of “Hold” by Analysts

Diodes Incorporated (NASDAQ:DIOD) has received a consensus recommendation of “Hold” from the five brokerages that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $72.80.

Several equities analysts have recently commented on the stock. Benchmark lowered their price objective on shares of Diodes from $83.00 to $75.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Truist Financial lowered their price target on Diodes from $69.00 to $62.00 and set a “hold” rating for the company in a research report on Friday, November 8th. Finally, StockNews.com upgraded Diodes from a “sell” rating to a “hold” rating in a research report on Monday, November 11th.

Hedge Funds Weigh In On Diodes

Several institutional investors and hedge funds have recently added to or reduced their stakes in DIOD. Squarepoint Ops LLC bought a new position in shares of Diodes during the second quarter valued at approximately $299,000. The Manufacturers Life Insurance Company increased its position in Diodes by 2.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,150 shares of the semiconductor company’s stock valued at $1,809,000 after buying an additional 560 shares in the last quarter. Algert Global LLC purchased a new position in Diodes during the second quarter valued at $333,000. Creative Planning boosted its holdings in Diodes by 75.5% in the second quarter. Creative Planning now owns 7,622 shares of the semiconductor company’s stock worth $548,000 after acquiring an additional 3,279 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Diodes in the second quarter worth $647,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Diodes Price Performance

Shares of Diodes stock opened at $58.98 on Friday. The firm has a market capitalization of $2.73 billion, a PE ratio of 44.68 and a beta of 1.32. The company has a current ratio of 3.58, a quick ratio of 2.21 and a debt-to-equity ratio of 0.01. Diodes has a 12 month low of $52.71 and a 12 month high of $86.74. The business’s 50-day moving average price is $62.47 and its 200-day moving average price is $64.28.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings data on Thursday, November 7th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. The company had revenue of $350.08 million during the quarter, compared to analysts’ expectations of $346.30 million. Diodes had a net margin of 4.72% and a return on equity of 3.90%. During the same quarter in the prior year, the company earned $1.13 EPS. Sell-side analysts forecast that Diodes will post 1.35 EPS for the current fiscal year.

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.