Wells Fargo analyst Aaron Rakers maintained a Hold rating on Diodes (DIOD – Research Report) today and set a price target of $80.00. The company’s shares closed yesterday at $79.65.
According to TipRanks, Rakers is a top 100 analyst with an average return of 23.0% and a 70.03% success rate. Rakers covers the Technology sector, focusing on stocks such as Nvidia, Advanced Micro Devices, and Intel.
Diodes has an analyst consensus of Moderate Buy, with a price target consensus of $70.00.
See the top stocks recommended by analysts >>
Based on Diodes’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $404.65 million and a net profit of $48.72 million. In comparison, last year the company earned a revenue of $521.27 million and had a net profit of $86.39 million
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 (DIOD) Company Description:
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.
Read More on DIOD:
