Diodes Incorporated (NASDAQ:DIOD) Receives $72.80 Average PT from Brokerages

Diodes Incorporated (NASDAQ:DIOD) has received an average rating of “Hold” from the five analysts that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $72.80.

Several analysts have commented on the stock. StockNews.com upgraded shares of Diodes from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Benchmark lowered their target price on shares of Diodes from $83.00 to $75.00 and set a “buy” rating for the company in a report on Monday, November 11th. Finally, Truist Financial lowered their target price on shares of Diodes from $69.00 to $62.00 and set a “hold” rating for the company in a report on Friday, November 8th.

Diodes Stock Performance

Shares of DIOD opened at $61.31 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.58 and a quick ratio of 2.21. Diodes has a one year low of $52.71 and a one year high of $86.74. The company has a 50-day simple moving average of $61.47 and a two-hundred day simple moving average of $68.09. The firm has a market capitalization of $2.84 billion, a PE ratio of 46.44 and a beta of 1.32.

Insiders Place Their Bets

In other news, CFO Brett R. Whitmire sold 1,900 shares of Diodes stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $69.99, for a total transaction of $132,981.00. Following the transaction, the chief financial officer now owns 46,365 shares in the company, valued at $3,245,086.35. This trade represents a 3.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Emily Yang sold 1,000 shares of Diodes stock in a transaction on Friday, August 30th. The stock was sold at an average price of $70.48, for a total transaction of $70,480.00. Following the transaction, the senior vice president now owns 59,820 shares in the company, valued at $4,216,113.60. This represents a 1.64 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. FMR LLC lifted its stake in Diodes by 19.6% in the 3rd quarter. FMR LLC now owns 5,785,134 shares of the semiconductor company’s stock worth $370,769,000 after purchasing an additional 947,118 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Diodes by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 5,782,828 shares of the semiconductor company’s stock worth $407,689,000 after buying an additional 132,101 shares during the last quarter. Earnest Partners LLC increased its holdings in shares of Diodes by 1.4% in the 2nd quarter. Earnest Partners LLC now owns 2,571,188 shares of the semiconductor company’s stock worth $184,946,000 after buying an additional 36,390 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Diodes by 8.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,913,282 shares of the semiconductor company’s stock worth $137,620,000 after buying an additional 141,610 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Diodes by 130.9% in the 3rd quarter. Victory Capital Management Inc. now owns 1,744,135 shares of the semiconductor company’s stock worth $111,782,000 after buying an additional 988,671 shares during the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Diodes Company Profile

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.