Diodes Incorporated (NASDAQ:DIOD) Given Consensus Rating of “Hold” by Analysts

Shares of Diodes Incorporated (NASDAQ:DIOD) have been given an average rating of “Hold” by the five brokerages that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $72.80.

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

Insider Activity

In related news, SVP Emily Yang sold 1,272 shares of Diodes stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $72.16, for a total transaction of $91,787.52. Following the completion of the sale, the senior vice president now owns 29,028 shares in the company, valued at $2,094,660.48. This trade represents a 4.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Brett R. Whitmire sold 1,900 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $69.99, for a total transaction 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 3.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,172 shares of company stock valued at $295,249. 2.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DIOD. FMR LLC grew its position in shares of Diodes by 19.6% during the 3rd quarter. FMR LLC now owns 5,785,134 shares of the semiconductor company’s stock worth $370,769,000 after buying an additional 947,118 shares in the last quarter. Vanguard Group Inc. lifted 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 worth $407,689,000 after acquiring an additional 132,101 shares during the period. Earnest Partners LLC grew its holdings in Diodes by 1.4% during the 2nd quarter. Earnest Partners LLC now owns 2,571,188 shares of the semiconductor company’s stock worth $184,946,000 after acquiring an additional 36,390 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Diodes by 8.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,913,282 shares of the semiconductor company’s stock valued at $137,620,000 after purchasing an additional 141,610 shares during the period. Finally, Victory Capital Management Inc. increased its position in 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 purchasing an additional 988,671 shares during the period. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

Diodes Stock Performance

Diodes stock opened at $53.01 on Monday. The company’s 50-day moving average price is $61.91 and its 200-day moving average price is $68.70. The company has a quick ratio of 2.21, a current ratio of 3.58 and a debt-to-equity ratio of 0.01. The company has a market cap of $2.46 billion, a PE ratio of 40.16 and a beta of 1.32. Diodes has a twelve month low of $52.80 and a twelve month high of $86.74.

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.