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

Shares of Diodes Incorporated (NASDAQ:DIOD) have received an average recommendation of “Hold” from the five research firms that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $72.80.

Several brokerages recently issued reports on DIOD. Truist Financial lowered their target price on Diodes from $69.00 to $62.00 and set a “hold” rating for the company in a research report on Friday, November 8th. StockNews.com raised Diodes from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Finally, Benchmark decreased their target price on Diodes from $83.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, November 11th.

Diodes Stock Up 3.6 %

Shares of DIOD opened at $61.31 on Monday. Diodes has a 52 week low of $52.71 and a 52 week high of $86.74. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 46.44 and a beta of 1.32. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.21 and a current ratio of 3.58. The stock has a fifty day moving average of $61.47 and a 200-day moving average of $68.09.

Insiders Place Their Bets

In other news, CFO Brett R. Whitmire sold 1,900 shares of the company’s stock in a transaction that occurred 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 directly owns 46,365 shares of the company’s stock, valued at $3,245,086.35. This represents a 3.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Emily Yang sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $70.48, for a total value of $70,480.00. Following the completion of the transaction, the senior vice president now directly owns 59,820 shares of the company’s stock, valued at approximately $4,216,113.60. This represents a 1.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Diodes

Institutional investors have recently modified their holdings of the business. Truvestments Capital LLC purchased a new position in Diodes in the third quarter valued at approximately $29,000. GAMMA Investing LLC lifted its stake in Diodes by 66.5% in the second quarter. GAMMA Investing LLC now owns 453 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 181 shares during the last quarter. EntryPoint Capital LLC purchased a new position in Diodes in the first quarter valued at approximately $40,000. Innealta Capital LLC purchased a new stake in shares of Diodes during the second quarter worth $88,000. Finally, KBC Group NV lifted its position in shares of Diodes by 33.9% during the third quarter. KBC Group NV now owns 1,454 shares of the semiconductor company’s stock worth $93,000 after acquiring an additional 368 shares in the last quarter. 99.23% of the stock is owned by institutional investors.

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.