Diodes (NASDAQ:DIOD) Upgraded to Outperform at Robert W. Baird

Diodes (NASDAQ:DIOD) was upgraded by equities researchers at Robert W. Baird from a “neutral” rating to an “outperform” rating in a note issued to investors on Monday, MarketBeat Ratings reports. The brokerage presently has a $50.00 target price on the semiconductor company’s stock. Robert W. Baird’s target price would suggest a potential upside of 45.14% from the stock’s current price.

A number of other research firms have also recently weighed in on DIOD. Truist Financial decreased their target price on shares of Diodes from $63.00 to $53.00 and set a “hold” rating on the stock in a research note on Wednesday, February 12th. Benchmark cut their target price on shares of Diodes from $74.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $56.00.

Diodes Trading Down 6.1 %

Shares of Diodes stock opened at $34.45 on Monday. Diodes has a 52-week low of $32.93 and a 52-week high of $86.74. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.99 and a current ratio of 3.26. The firm has a 50-day moving average of $48.99 and a 200-day moving average of $57.54. The stock has a market cap of $1.60 billion, a PE ratio of 36.26 and a beta of 1.43.

Diodes (NASDAQ:DIOD) last released its earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.27). Diodes had a net margin of 3.36% and a return on equity of 3.28%. As a group, sell-side analysts forecast that Diodes will post 1.82 EPS for the current year.

Insider Activity at Diodes

In related news, SVP Emily Yang sold 950 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction of $53,238.00. Following the transaction, the senior vice president now directly owns 65,107 shares of the company’s stock, valued at $3,648,596.28. This trade represents a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Gary Yu sold 2,900 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total value of $162,516.00. Following the completion of the transaction, the president now directly owns 79,697 shares of the company’s stock, valued at approximately $4,466,219.88. This represents a 3.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,680 shares of company stock worth $262,267 in the last quarter. Company insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of Diodes by 4,211.7% during the first quarter. GAMMA Investing LLC now owns 35,313 shares of the semiconductor company’s stock worth $1,524,000 after acquiring an additional 34,494 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Diodes by 26.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 98,011 shares of the semiconductor company’s stock worth $6,044,000 after purchasing an additional 20,513 shares during the period. Sovereign s Capital Management LLC purchased a new stake in shares of Diodes in the fourth quarter worth $2,460,000. Squarepoint Ops LLC boosted its stake in Diodes by 24.3% during the fourth quarter. Squarepoint Ops LLC now owns 25,288 shares of the semiconductor company’s stock valued at $1,560,000 after buying an additional 4,943 shares during the period. Finally, Sherbrooke Park Advisers LLC purchased a new position in Diodes during the fourth quarter worth about $347,000. 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.