Baird R W Upgrades Diodes (NASDAQ:DIOD) to “Strong-Buy”

Baird R W upgraded shares of Diodes (NASDAQ:DIOD) from a hold rating to a strong-buy rating in a research note published on Monday,Zacks.com reports.

DIOD has been the topic of several other research reports. Truist Financial lowered their price objective 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. Robert W. Baird upgraded shares of Diodes from a “neutral” rating to an “outperform” rating and set a $50.00 price target on the stock in a research report on Monday. Finally, Benchmark cut their price objective on shares of Diodes from $74.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Diodes has an average rating of “Moderate Buy” and an average target price of $56.00.

Diodes Stock Up 14.7 %

Diodes stock opened at $39.53 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.26 and a quick ratio of 1.99. Diodes has a fifty-two week low of $32.93 and a fifty-two week high of $86.74. The firm has a fifty day moving average price of $48.22 and a two-hundred day moving average price of $57.28. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 41.61 and a beta of 1.43.

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

Insider Activity at Diodes

In related news, President Gary Yu sold 2,900 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total value of $162,516.00. Following the sale, the president now owns 79,697 shares of the company’s stock, valued at $4,466,219.88. The trade was a 3.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Brett R. Whitmire sold 830 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total transaction of $46,513.20. Following the completion of the transaction, the chief financial officer now directly owns 51,525 shares of the company’s stock, valued at $2,887,461. This trade represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,680 shares of company stock worth $262,267. 2.30% of the stock is owned by corporate insiders.

Institutional Trading of Diodes

Institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company lifted its holdings in shares of Diodes by 2.6% during the third quarter. The Manufacturers Life Insurance Company now owns 25,799 shares of the semiconductor company’s stock valued at $1,653,000 after acquiring an additional 649 shares during the period. EP Wealth Advisors LLC acquired a new stake in shares of Diodes during the 3rd quarter worth about $260,000. Barclays PLC lifted its holdings in Diodes by 361.1% during the 3rd quarter. Barclays PLC now owns 79,799 shares of the semiconductor company’s stock valued at $5,114,000 after purchasing an additional 62,492 shares during the last quarter. Geode Capital Management LLC boosted its position in Diodes by 3.6% in the third quarter. Geode Capital Management LLC now owns 1,266,052 shares of the semiconductor company’s stock valued at $81,154,000 after buying an additional 43,841 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Diodes by 34.8% during the third quarter. JPMorgan Chase & Co. now owns 226,742 shares of the semiconductor company’s stock worth $14,532,000 after buying an additional 58,597 shares during the last quarter. Institutional investors and hedge funds 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.