Diodes (NASDAQ:DIOD) Stock Price Up 7.4% - Should You Buy?

Key Points

• Shares rose 7.4% intraday to a high of $78 and last traded around $73.67 on about 215,632 shares, roughly 50% below the stock's average daily volume.
• Diodes beat expectations for the quarter with EPS of $0.34 versus $0.26 expected and revenue of $391.6M (up 15.4% year‑over‑year); analysts project about $1.82 in EPS for the current fiscal year.
• Analyst sentiment is mixed (2 Buy, 2 Hold, 1 Sell) with an average price target of $65.67, while insiders sold about 116,205 shares recently, including a director's 111,000‑share sale.

Diodes Incorporated (NASDAQ:DIOD - Get Free Report) shares were up 7.4% during trading on Monday . The stock traded as high as $78.00 and last traded at $73.6710. Approximately 215,632 shares changed hands during trading, a decline of 50% from the average daily volume of 432,686 shares. The stock had previously closed at $68.58.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DIOD. Truist Financial boosted their target price on shares of Diodes from $54.00 to $67.00 and gave the company a "hold" rating in a research report on Wednesday, February 11th. Benchmark lifted their price target on Diodes from $62.00 to $80.00 and gave the stock a "buy" rating in a research report on Wednesday, February 11th. Zacks Research lowered Diodes from a "hold" rating to a "strong sell" rating in a report on Wednesday, February 11th. Weiss Ratings raised Diodes from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, January 21st. Finally, Wall Street Zen upgraded Diodes from a "hold" rating to a "buy" rating in a report on Saturday, February 14th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Diodes has an average rating of "Hold" and an average price target of $65.67.

Diodes Trading Up 5.8%

The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of 51.12 and a beta of 1.58. The company has a current ratio of 3.32, a quick ratio of 2.08 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average price of $65.88 and a two-hundred day moving average price of $56.72.

Diodes (NASDAQ:DIOD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 10th. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.08. The firm had revenue of $391.58 million for the quarter, compared to the consensus estimate of $380.03 million. Diodes had a return on equity of 2.95% and a net margin of 4.46%.The company's quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.27 EPS. As a group, research analysts forecast that Diodes Incorporated will post 1.82 earnings per share for the current fiscal year.

Insider Activity at Diodes

In other Diodes news, Director Keh Shew Lu sold 111,000 shares of the company's stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $67.76, for a total transaction of $7,521,360.00. Following the transaction, the director directly owned 180,131 shares in the company, valued at approximately $12,205,676.56. This represents a 38.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Emily Yang sold 950 shares of the business's stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $60.85, for a total value of $57,807.50. Following the sale, the senior vice president owned 74,032 shares in the company, valued at approximately $4,504,847.20. The trade was a 1.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 116,205 shares of company stock worth $7,837,213. 1.90% of the stock is currently owned by insiders.

Institutional Trading of Diodes

A number of hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC lifted its holdings in shares of Diodes by 12.4% during the 1st quarter. AQR Capital Management LLC now owns 6,028 shares of the semiconductor company's stock worth $260,000 after acquiring an additional 663 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Diodes by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,148 shares of the semiconductor company's stock worth $1,172,000 after acquiring an additional 1,186 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Diodes by 13.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 391,005 shares of the semiconductor company's stock valued at $16,880,000 after acquiring an additional 47,500 shares during the period. Woodline Partners LP acquired a new position in shares of Diodes during the 1st quarter valued at $559,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Diodes by 6.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 104,719 shares of the semiconductor company's stock valued at $4,521,000 after buying an additional 6,708 shares in the last quarter. Institutional investors and hedge funds own 99.23% of the company's stock.

About Diodes

Diodes Incorporated NASDAQ: DIOD is a global manufacturer and supplier of high‐performance discrete, logic, analog and mixed‐signal semiconductor products. Headquartered in Plano, Texas, the company designs and develops a broad range of discrete components, standard logic functions, power management circuits, interface products and array products. Its portfolio includes rectifiers, MOSFETs, general‐purpose diodes, voltage regulators, comparators, buffers and other building blocks for electronic systems.

Diodes Incorporated serves a variety of end markets such as automotive, computing, communications, consumer electronics, industrial and lighting.

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