Diodes (NASDAQ:DIOD) Upgraded 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 report released on Monday, MarketBeat reports. The brokerage presently has a $50.00 price target on the semiconductor company’s stock. Robert W. Baird’s price target would suggest a potential upside of 42.45% from the company’s previous close.

DIOD has been the subject of several other research reports. Benchmark decreased their price objective on shares of Diodes from $74.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Truist Financial decreased their price target on Diodes from $63.00 to $53.00 and set a “hold” rating for the company in a research note on Wednesday, February 12th.

Diodes Stock Performance

NASDAQ DIOD opened at $35.10 on Monday. The company has a market cap of $1.63 billion, a P/E ratio of 36.95 and a beta of 1.43. The business’s 50 day moving average price is $50.37 and its 200-day moving average price is $58.06. Diodes has a fifty-two week low of $32.93 and a fifty-two 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.

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 analysts’ consensus estimates of $0.54 by ($0.27). Diodes had a net margin of 3.36% and a return on equity of 3.28%. Sell-side analysts predict that Diodes will post 1.82 earnings per share for the current year.

Insider Buying and Selling at Diodes

In other Diodes news, CFO Brett R. Whitmire sold 830 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction of $46,513.20. Following the transaction, the chief financial officer now directly owns 51,525 shares in the company, valued at $2,887,461. This represents a 1.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Gary Yu sold 2,900 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 $162,516.00. Following the transaction, the president now directly owns 79,697 shares in the company, valued at $4,466,219.88. This trade represents a 3.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,680 shares of company stock valued at $262,267 in the last three months. Company insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Diodes

Institutional investors have recently bought and sold shares of the business. Hood River Capital Management LLC bought a new stake in Diodes during the 4th quarter valued at $72,037,000. Norges Bank purchased a new stake in shares of Diodes during the 4th quarter worth $33,933,000. Dimensional Fund Advisors LP boosted its position in Diodes by 8.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,238,567 shares of the semiconductor company’s stock valued at $138,053,000 after purchasing an additional 168,545 shares in the last quarter. Victory Capital Management Inc. grew its stake in Diodes by 9.4% in the fourth quarter. Victory Capital Management Inc. now owns 1,907,509 shares of the semiconductor company’s stock valued at $117,636,000 after purchasing an additional 163,374 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Diodes by 55.9% during the fourth quarter. JPMorgan Chase & Co. now owns 353,595 shares of the semiconductor company’s stock valued at $21,806,000 after buying an additional 126,853 shares during the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

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.