Diodes Incorporated (NASDAQ:DIOD) Given Average Recommendation of “Hold” by Analysts

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

Several research firms have commented on DIOD. StockNews.com raised shares of Diodes from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Benchmark decreased their target price 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 lowered their target price on shares of Diodes from $69.00 to $62.00 and set a “hold” rating for the company in a research note on Friday, November 8th.

Diodes Trading Down 3.6 %

Shares of NASDAQ DIOD opened at $53.01 on Monday. Diodes has a 1-year low of $52.80 and a 1-year high of $86.74. The business has a fifty day moving average price of $61.91 and a 200 day moving average price of $68.70. The stock has a market capitalization of $2.46 billion, a P/E ratio of 40.16 and a beta of 1.32. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.58 and a quick ratio of 2.21.

Insider Buying and Selling

In related news, CFO Brett R. Whitmire sold 1,900 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $69.99, for a total value of $132,981.00. Following the completion of the transaction, the chief financial officer now owns 46,365 shares in the company, valued at $3,245,086.35. This trade represents a 3.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 value of $91,787.52. Following the sale, the senior vice president now directly owns 29,028 shares of the company’s stock, valued at approximately $2,094,660.48. This represents a 4.20 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,172 shares of company stock worth $295,249 in the last three months. Corporate insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Diodes

Several hedge funds and other institutional investors have recently bought and sold shares of DIOD. Vanguard Group Inc. boosted its holdings in shares of Diodes by 2.3% in the 1st 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 during the last quarter. Seven Eight Capital LP acquired a new stake in Diodes during the 1st quarter worth about $1,055,000. Bessemer Group Inc. raised its stake in shares of Diodes by 7.4% during the 1st quarter. Bessemer Group Inc. now owns 144,875 shares of the semiconductor company’s stock valued at $10,213,000 after buying an additional 9,924 shares during the last quarter. Boston Partners acquired a new position in shares of Diodes in the 1st quarter valued at about $821,000. Finally, TD Asset Management Inc boosted its stake in shares of Diodes by 95.4% in the second quarter. TD Asset Management Inc now owns 34,000 shares of the semiconductor company’s stock worth $2,446,000 after buying an additional 16,600 shares during the last quarter. Institutional investors and hedge funds 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.