In yesterday’s Wall Street session, Diodes, Inc. (NASDAQ:DIOD) shares traded at $70.50, up 0.17% from the previous session.
DIOD stock price is now 3.12% away from the 50-day moving average and -8.07% away from the 200-day moving average. The market capitalization of the company currently stands at $3.24B.
With the price target enhanced from $72 to $85, TD Cowen maintained Outperform rating for Diodes, Inc. (NASDAQ: DIOD). On January 05, 2024, Truist Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock increasing its target price from $72 to quote $78, while ‘Robert W. Baird’ rates the stock as ‘Neutral’
In other news, LU KEH SHEW, CEO sold 3,000 shares of the company’s stock on Feb 29 ’24. The stock was sold for $204,405 at an average price of $68.14. Upon completion of the transaction, the CEO now directly owns 256,492 shares in the company, valued at $18.08 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 28 ’24, CFO Whitmire Brett R sold 3,400 shares of the business’s stock. A total of $228,823 was realized by selling the stock at an average price of $67.30. This leaves the insider owning 48,265 shares of the company worth $3.4 million. A total of 3.69% of the company’s stock is owned by insiders.
During the past 12 months, Diodes, Inc. has had a low of $60.00 and a high of $97.37. As of last week, the company has a debt-to-equity ratio of 0.06, a current ratio of 3.02, and a quick ratio of 2.03. According to the stock market information, the enterprise value for the company is $3.00B, which is based on a 14.35 price-to-earnings ratio, a 0.96 price-to-earnings-growth ratio, and a beta of 1.47. The fifty day moving average price for DIOD is $68.37 and a two-hundred day moving average price translates $76.69 for the stock.
The latest earnings results from Diodes, Inc. (NASDAQ: DIOD) was released for Dec, 2023. According to the Semiconductors Company, earnings per share came in at $0.51, beating analysts’ expectations of $0.49 by 0.02. This compares to $2.01 EPS in the same period last year. The net profit margin was 13.67% and return on equity was 13.96% for DIOD. The company reported revenue of $322.7 million for the quarter, compared to $496.21 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -34.97 percent. For the current quarter, analysts expect DIOD to generate $305.01M in revenue.
