2 weeks Ago By Defense World Staff
Diodes Incorporated ( NASDAQ:DIOD – Get Free Report ) has been assigned an average rating of “Hold” from the five research firms that are presently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company.
The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $73.20. Several analysts have recently commented on the stock.
Truist Financial lowered their price target on shares of Diodes from $74.00 to $69.00 and set a “hold” rating on the stock in a research report on Friday, August 9th.
StockNews.com downgraded Diodes from a “hold” rating to a “sell” rating in a research report on Wednesday, August 21st. Get Our Latest Stock Report on Diodes Diodes Stock Performance Diodes ( NASDAQ:DIOD – Get Free Report ) last issued its earnings results on Thursday, August 8th.
The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.
03. The company had revenue of $319.80 million during the quarter, compared to analysts’ expectations of $316.
12 million. Diodes had a net margin of 7.12% and a return on equity of 5.
76%. The firm’s quarterly revenue was down 31.5% compared to the same quarter last year.
During the same period last year, the company posted $1.59 earnings per share. Equities research analysts predict that Diodes will post 1.
55 earnings per share for the current fiscal year. Insiders Place Their Bets In other Diodes news, CEO Keh Shew Lu sold 20,010 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $67.
25, for a total value of $1,345,672.50. Following the sale, the chief executive officer now directly owns 246,492 shares of the company’s stock, valued at approximately $16,576,587.
The sale was disclosed in a filing with the SEC, which can be accessed through this link . In other news, CFO Brett R. Whitmire sold 1,900 shares of the company’s stock in a transaction on Thursday, August 29th.
The stock was sold at an average price of $69.99, for a total transaction of $132,981.00.
Following the completion of the sale, the chief financial officer now directly owns 46,365 shares in the company, valued at approximately $3,245,086.35. The transaction was disclosed in a legal filing with the SEC, which is available at this link .
Also, CEO Keh Shew Lu sold 20,010 shares of Diodes stock in a transaction on Monday, August 19th. The shares were sold at an average price of $67.25, for a total value of $1,345,672.
50. Following the completion of the transaction, the chief executive officer now owns 246,492 shares in the company, valued at approximately $16,576,587. The disclosure for this sale can be found here .
Insiders have sold a total of 24,182 shares of company stock valued at $1,640,921 in the last quarter. 2.30% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Diodes Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Diodes by 2.
3% in the 1st quarter. Vanguard Group Inc. now owns 5,782,828 shares of the semiconductor company’s stock valued at $407,689,000 after acquiring an additional 132,101 shares during the period.
Earnest Partners LLC boosted its holdings in Diodes by 1.4% in the 2nd quarter. Earnest Partners LLC now owns 2,571,188 shares of the semiconductor company’s stock worth $184,946,000 after acquiring an additional 36,390 shares during the period.
Dimensional Fund Advisors LP grew its position in Diodes by 8.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,913,282 shares of the semiconductor company’s stock valued at $137,620,000 after acquiring an additional 141,610 shares in the last quarter.
Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Diodes by 0.5% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 851,242 shares of the semiconductor company’s stock valued at $61,230,000 after purchasing an additional 4,615 shares during the period.
Finally, Sei Investments Co. boosted its stake in shares of Diodes by 5.7% in the second quarter.
Sei Investments Co. now owns 783,448 shares of the semiconductor company’s stock valued at $56,353,000 after purchasing an additional 42,192 shares during the period. 99.
23% of the stock is currently owned by institutional investors and hedge funds. Diodes Company Profile ( 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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