Analysts Set Diodes Incorporated (NASDAQ:DIOD) PT at $72.80

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

A number of analysts recently commented on the stock. StockNews.com upgraded shares of Diodes from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Benchmark dropped their price target on shares of Diodes from $83.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. Finally, Truist Financial dropped their price target on shares of Diodes from $69.00 to $62.00 and set a “hold” rating on the stock in a research note on Friday, November 8th.

Diodes Stock Up 1.6 %

DIOD opened at $55.59 on Monday. 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 stock has a market cap of $2.58 billion, a price-to-earnings ratio of 42.11 and a beta of 1.32. Diodes has a twelve month low of $52.71 and a twelve month high of $86.74. The company’s 50-day moving average price is $61.52 and its two-hundred day moving average price is $68.34.

Insiders Place Their Bets

In other Diodes news, CFO Brett R. Whitmire sold 1,900 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $69.99, for a total value of $132,981.00. Following the sale, the chief financial officer now directly owns 46,365 shares in the company, valued at $3,245,086.35. This represents a 3.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Emily Yang sold 1,272 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was 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 represents a 4.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,172 shares of company stock worth $295,249 in the last three months. 2.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Diodes

Institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC increased its holdings in shares of Diodes by 66.5% in the 2nd quarter. GAMMA Investing LLC now owns 453 shares of the semiconductor company’s stock worth $33,000 after buying an additional 181 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of Diodes in the 3rd quarter worth $29,000. EntryPoint Capital LLC bought a new position in shares of Diodes in the 1st quarter worth $40,000. Innealta Capital LLC bought a new position in shares of Diodes in the 2nd quarter worth $88,000. Finally, KBC Group NV increased its holdings in shares of Diodes by 33.9% in the 3rd quarter. KBC Group NV now owns 1,454 shares of the semiconductor company’s stock worth $93,000 after buying an additional 368 shares during the last quarter. Institutional investors own 99.23% of the company’s stock.

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.