Diodes (NASDAQ:DIOD) Upgraded at StockNews.com

StockNews.com upgraded shares of Diodes (NASDAQ:DIOD) from a sell rating to a hold rating in a research note released on Monday.

Other research analysts have also issued research reports about the stock. Benchmark decreased their price target on shares of Diodes from $83.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday. Truist Financial decreased their target price on Diodes from $69.00 to $62.00 and set a “hold” rating on the stock in a report on Friday, November 8th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $72.80.

Diodes Stock Performance

NASDAQ:DIOD opened at $56.33 on Monday. The company has a current ratio of 3.58, a quick ratio of 2.21 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average of $62.23 and a 200-day moving average of $68.98. Diodes has a twelve month low of $56.29 and a twelve month high of $86.74. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of 42.67 and a beta of 1.32.

Insider Buying and Selling

In other Diodes news, SVP Emily Yang sold 1,272 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $72.16, for a total transaction of $91,787.52. Following the sale, the senior vice president now directly owns 29,028 shares of the company’s stock, valued at $2,094,660.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Diodes news, SVP Emily Yang sold 1,272 shares of Diodes stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $72.16, for a total transaction of $91,787.52. Following the transaction, the senior vice president now owns 29,028 shares of the company’s stock, valued at $2,094,660.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Brett R. Whitmire sold 1,900 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $69.99, for a total value of $132,981.00. Following the completion of the transaction, the chief financial officer now owns 46,365 shares in the company, valued at $3,245,086.35. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,182 shares of company stock valued at $1,640,921. Company insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Diodes

A number of institutional investors have recently modified their holdings of DIOD. FMR LLC increased its stake in shares of Diodes by 19.6% in the third quarter. FMR LLC now owns 5,785,134 shares of the semiconductor company’s stock worth $370,769,000 after acquiring an additional 947,118 shares during the last quarter. Vanguard Group Inc. grew its stake in Diodes by 2.3% in the first quarter. Vanguard Group Inc. now owns 5,782,828 shares of the semiconductor company’s stock valued at $407,689,000 after purchasing an additional 132,101 shares in the last quarter. Earnest Partners LLC increased its position in 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 purchasing an additional 36,390 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Diodes by 8.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,913,282 shares of the semiconductor company’s stock worth $137,620,000 after purchasing an additional 141,610 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Diodes by 130.9% during the 3rd quarter. Victory Capital Management Inc. now owns 1,744,135 shares of the semiconductor company’s stock valued at $111,782,000 after buying an additional 988,671 shares during the last quarter. Institutional investors and hedge funds 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.