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Wells Fargo Reaffirms Their Hold Rating on Diodes (DIOD)

Wells Fargo analyst Gary Mobley maintained a Hold rating on Diodes (DIODResearch Report) today and set a price target of $65.00. The company’s shares closed last Monday at $64.44, close to its 52-week low of $58.52.

According to TipRanks.com, Mobley is a 5-star analyst with an average return of 12.0% and a 55.5% success rate. Mobley covers the Technology sector, focusing on stocks such as Silicon Laboratories, Allegro MicroSystems, and Skyworks Solutions.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Diodes with a $100.00 average price target.

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Based on Diodes’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $482 million and net profit of $72.69 million. In comparison, last year the company earned revenue of $413 million and had a net profit of $39.45 million.

Based on the recent corporate insider activity of 86 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DIOD in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Diodes, Inc. manufactures and supplies semiconductor products. It offers diodes, rectifiers, transistors, MOSFETs, protection devices, functional specific arrays, single gate, dual gate and standard logic, amplifiers and comparators, Hall-effect and temperature sensors. The firm operates through the following geographical segments: Asia, North America, and Europe. It also provides power management devices, including LED drivers, AC-DC and DC-DC switching, linear voltage regulators, and voltage references along with special function devices, such as USB power switches, load switches, voltage supervisors, and motor controllers. The company was founded on June 15, 1959 and is headquartered in Plano, TX.

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