Diodes Inc Gets a Buy Rating from Robert W. Baird


Robert W. Baird analyst Tristan Gerra maintained a Buy rating on Diodes Inc (NASDAQ: DIOD) today and set a price target of $42. The company’s shares closed yesterday at $36.36, close to its 52-week high of $37.37.

According to TipRanks.com, Gerra is a 5-star analyst with an average return of 21.4% and a 72.3% success rate. Gerra covers the Consumer Goods sector, focusing on stocks such as Advanced Micro Devices, Himax Technologies, and Skyworks Solutions.

Diodes Inc has an analyst consensus of Moderate Buy, with a price target consensus of $39.50.

See today’s analyst top recommended stocks >>

Based on Diodes Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $18.53 million. In comparison, last year the company had a net profit of $1.22 million.

Based on the recent corporate insider activity of 89 insiders, corporate insider sentiment is negative on the stock.

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. Its products include diodes, rectifiers, transistors, MOSFETs, protection devices, functional specific arrays, single gate, dual gate and standard logic, amplifiers and comparators, Hall-effect and temperature sensors, 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. It operates through the following geographical segments: Asia, North America, and Europe. The company was founded on June 15, 1959 and is headquartered in Plano, TX.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts