Analysts Set Diodes Incorporated (NASDAQ:DIOD) Target Price at $54.33

Diodes Incorporated (NASDAQ:DIOD) has earned an average rating of “Hold” from the six brokerages that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $54.3333.

A number of research analysts have recently weighed in on the company. Zacks Research cut Diodes from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. Truist Financial decreased their target price on shares of Diodes from $54.00 to $51.00 and set a “hold” rating on the stock in a research note on Friday, November 7th. Wall Street Zen lowered shares of Diodes from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Diodes in a research note on Wednesday, November 19th.

Diodes Trading Down 0.5%

Shares of DIOD stock opened at $45.19 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.33 and a quick ratio of 2.04. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 32.99 and a beta of 1.65. Diodes has a 1 year low of $32.93 and a 1 year high of $67.12. The firm has a fifty day moving average price of $51.54 and a 200-day moving average price of $51.67.

Diodes (NASDAQ:DIOD) last announced its earnings results on Tuesday, March 8th. The semiconductor company reported $0.74 EPS for the quarter. Diodes had a return on equity of 2.98% and a net margin of 4.59%.The company had revenue of $350.37 million for the quarter. As a group, equities analysts predict that Diodes will post 1.82 earnings per share for the current year.

Insiders Place Their Bets

In other Diodes news, Director Keh Shew Lu sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $47.42, for a total transaction of $284,520.00. Following the sale, the director directly owned 244,397 shares of the company’s stock, valued at $11,589,305.74. This trade represents a 2.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Emily Yang sold 1,000 shares of the business’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $56.36, for a total value of $56,360.00. Following the completion of the transaction, the senior vice president owned 59,479 shares in the company, valued at $3,352,236.44. The trade was a 1.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Diodes

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC lifted its stake in Diodes by 51.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 8,304 shares of the semiconductor company’s stock worth $439,000 after purchasing an additional 2,806 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of Diodes by 52.0% in the second quarter. Parallel Advisors LLC now owns 757 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 259 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Diodes by 283.1% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 544 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 402 shares during the last quarter. Hsbc Holdings PLC lifted its position in shares of Diodes by 13.1% in the first quarter. Hsbc Holdings PLC now owns 8,094 shares of the semiconductor company’s stock worth $344,000 after buying an additional 935 shares in the last quarter. Finally, US Bancorp DE boosted its stake in Diodes by 6.4% during the second quarter. US Bancorp DE now owns 26,331 shares of the semiconductor company’s stock valued at $1,393,000 after buying an additional 1,590 shares during the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

About Diodes

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.