Benchmark Lowers Diodes (NASDAQ:DIOD) Price Target to $65.00

Diodes (NASDAQ:DIOD) had its price objective trimmed by Benchmark from $74.00 to $65.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a buy rating on the semiconductor company’s stock.

Other equities analysts have also issued reports about the stock. Truist Financial reduced their price target on shares of 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 shares of Diodes from a “sell” rating to a “hold” rating in a report on Monday, November 11th.

Diodes Trading Up 3.1 %

NASDAQ:DIOD opened at $52.56 on Wednesday. The company has a current ratio of 3.58, a quick ratio of 2.21 and a debt-to-equity ratio of 0.01. The firm has a fifty day simple moving average of $60.95 and a 200-day simple moving average of $62.67. Diodes has a 12 month low of $50.26 and a 12 month high of $86.74. The company has a market capitalization of $2.44 billion, a P/E ratio of 39.82 and a beta of 1.31.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.27). Diodes had a return on equity of 3.90% and a net margin of 4.72%. On average, equities research analysts anticipate that Diodes will post 1.35 earnings per share for the current year.

Insider Activity at Diodes

In other news, CFO Brett R. Whitmire sold 830 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total transaction of $46,513.20. Following the completion of the transaction, the chief financial officer now directly owns 51,525 shares of the company’s stock, valued at $2,887,461. This represents a 1.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, President Gary Yu sold 2,900 shares of Diodes stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction of $162,516.00. Following the completion of the sale, the president now directly owns 79,697 shares in the company, valued at $4,466,219.88. This represents a 3.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,680 shares of company stock worth $262,267 in the last three months. Company insiders own 2.30% of the company’s stock.

Institutional Trading of Diodes

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Diodes by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 5,910,766 shares of the semiconductor company’s stock worth $364,517,000 after buying an additional 102,263 shares in the last quarter. FMR LLC lifted its holdings in Diodes by 19.6% in the 3rd quarter. FMR LLC now owns 5,785,134 shares of the semiconductor company’s stock valued at $370,769,000 after purchasing an additional 947,118 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Diodes by 9.4% during the fourth quarter. Victory Capital Management Inc. now owns 1,907,509 shares of the semiconductor company’s stock worth $117,636,000 after buying an additional 163,374 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Diodes by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,283,794 shares of the semiconductor company’s stock valued at $79,186,000 after buying an additional 17,742 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Diodes by 9.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 687,245 shares of the semiconductor company’s stock worth $42,382,000 after acquiring an additional 61,139 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.