Brokerages Set Diodes Incorporated (NASDAQ:DIOD) Target Price at $72.80

Shares of Diodes Incorporated (NASDAQ:DIOD) have been given a consensus rating of “Hold” by the five analysts that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $72.80.

DIOD has been the subject of several analyst reports. StockNews.com raised shares of Diodes from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Benchmark cut their price objective on shares of Diodes from $83.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, November 11th. Finally, Truist Financial reduced their price objective 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.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Victory Capital Management Inc. increased its position in Diodes by 130.9% during the third quarter. Victory Capital Management Inc. now owns 1,744,135 shares of the semiconductor company’s stock worth $111,782,000 after purchasing an additional 988,671 shares during the last quarter. FMR LLC increased its holdings 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 during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Diodes by 8.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,913,282 shares of the semiconductor company’s stock worth $137,620,000 after buying an additional 141,610 shares during the last quarter. Cinctive Capital Management LP purchased a new position in shares of Diodes in the 3rd quarter worth $7,791,000. Finally, Barclays PLC boosted its holdings in Diodes by 361.1% in the third quarter. Barclays PLC now owns 79,799 shares of the semiconductor company’s stock valued at $5,114,000 after acquiring an additional 62,492 shares during the last quarter. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

Diodes Stock Performance

NASDAQ DIOD opened at $64.89 on Tuesday. The company has a quick ratio of 2.21, a current ratio of 3.58 and a debt-to-equity ratio of 0.01. Diodes has a fifty-two week low of $52.71 and a fifty-two week high of $86.74. The business has a fifty day moving average of $62.02 and a 200-day moving average of $65.93. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of 49.16 and a beta of 1.32.

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.