Diodes (NASDAQ:DIOD) Price Target Lowered to $62.00 at Truist Financial

Diodes (NASDAQ:DIOD) had its price objective reduced by Truist Financial from $69.00 to $62.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a hold rating on the semiconductor company’s stock.

Separately, StockNews.com downgraded shares of Diodes from a “hold” rating to a “sell” rating in a research note on Wednesday, August 21st. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $72.80.

Diodes Price Performance

Diodes stock opened at $61.75 on Friday. The stock’s 50 day moving average price is $62.45 and its two-hundred day moving average price is $69.17. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 46.78 and a beta of 1.32. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.10 and a current ratio of 3.38. Diodes has a 52-week low of $58.44 and a 52-week high of $86.74.

Insiders Place Their Bets

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 completion of the transaction, the senior vice president now owns 29,028 shares in the company, valued at approximately $2,094,660.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Keh Shew Lu sold 20,010 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $67.25, for a total transaction of $1,345,672.50. Following the transaction, the chief executive officer now directly owns 246,492 shares of the company’s stock, valued at $16,576,587. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Emily Yang sold 1,272 shares of the business’s 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 in the company, valued at approximately $2,094,660.48. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,182 shares of company stock worth $1,640,921. Insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Diodes

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of 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 acquiring an additional 132,101 shares in the last quarter. Earnest Partners LLC boosted its position in Diodes by 1.4% in the second 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 grew its stake in Diodes by 8.0% in 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. Victory Capital Management Inc. increased its position 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 purchasing an additional 988,671 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its stake in shares of Diodes by 0.5% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 851,242 shares of the semiconductor company’s stock worth $61,230,000 after purchasing an additional 4,615 shares during the period. Institutional investors 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.