Truist Financial Issues Positive Forecast for Diodes (NASDAQ:DIOD) Stock Price

Diodes (NASDAQ:DIOD) had its price objective upped by Truist Financial from $51.00 to $54.00 in a research report released on Friday,Benzinga reports. Truist Financial currently has a hold rating on the semiconductor company’s stock.

Other equities research analysts have also recently issued reports about the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Diodes in a research report on Monday. Wall Street Zen downgraded shares of Diodes from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Zacks Research lowered shares of Diodes from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Diodes presently has a consensus rating of “Hold” and a consensus target price of $55.33.

Diodes Trading Up 0.1%

Shares of NASDAQ DIOD opened at $50.90 on Friday. The firm’s 50 day moving average price is $50.40 and its 200-day moving average price is $52.01. Diodes has a 52-week low of $32.93 and a 52-week high of $67.12. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.09 and a current ratio of 3.32. The company has a market cap of $2.36 billion, a PE ratio of 36.88 and a beta of 1.65.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings data on Tuesday, March 8th. The semiconductor company reported $0.74 earnings per share for the quarter. Diodes had a net margin of 4.49% and a return on equity of 2.81%. The company had revenue of $350.37 million during the quarter. On average, equities research analysts expect that Diodes will post 1.82 EPS for the current fiscal year.

Insider Activity

In other news, Director Keh Shew Lu sold 6,000 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $47.42, for a total transaction of $284,520.00. Following the completion of the sale, the director owned 244,397 shares of the company’s stock, valued at $11,589,305.74. This represents a 2.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Diodes

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Rhumbline Advisers raised its holdings in Diodes by 7.9% during the second quarter. Rhumbline Advisers now owns 146,315 shares of the semiconductor company’s stock valued at $7,739,000 after acquiring an additional 10,744 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in shares of Diodes by 51.0% during the second 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 raised its stake in Diodes by 52.0% during the 2nd quarter. Parallel Advisors LLC now owns 757 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 259 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in Diodes by 283.1% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 544 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 402 shares during the period. Finally, Hsbc Holdings PLC lifted its holdings in Diodes by 13.1% in the 1st quarter. Hsbc Holdings PLC now owns 8,094 shares of the semiconductor company’s stock worth $344,000 after purchasing an additional 935 shares in the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Diodes Company Profile

Diodes Incorporated (NASDAQ: DIOD) is a global manufacturer and supplier of high‐performance discrete, logic, analog and mixed‐signal semiconductor products. Headquartered in Plano, Texas, the company designs and develops a broad range of discrete components, standard logic functions, power management circuits, interface products and array products. Its portfolio includes rectifiers, MOSFETs, general‐purpose diodes, voltage regulators, comparators, buffers and other building blocks for electronic systems.

Diodes Incorporated serves a variety of end markets such as automotive, computing, communications, consumer electronics, industrial and lighting.