Benchmark Cuts Diodes (NASDAQ:DIOD) Price Target to $75.00

Diodes (NASDAQ:DIOD) had its target price decreased by Benchmark from $83.00 to $75.00 in a report issued on Monday morning,Benzinga reports. Benchmark currently has a buy rating on the semiconductor company’s stock.

Several other analysts also recently weighed in on DIOD. StockNews.com downgraded shares of Diodes from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st. Truist Financial reduced their price target on Diodes from $69.00 to $62.00 and set a “hold” rating for the company in a report on Friday, November 8th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Diodes currently has a consensus rating of “Hold” and an average target price of $72.80.

Diodes Trading Down 4.1 %

NASDAQ:DIOD opened at $56.33 on Monday. 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 stock’s 50 day simple moving average is $62.23 and its 200-day simple moving average is $68.98. Diodes has a 12-month low of $56.29 and a 12-month high of $86.74. The firm has a market cap of $2.61 billion, a P/E ratio of 42.67 and a beta of 1.32.

Insider Activity at Diodes

In other Diodes news, SVP Emily Yang sold 1,272 shares of the company’s stock in a transaction on 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 owns 29,028 shares of the company’s stock, valued at approximately $2,094,660.48. This 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 accessible through the SEC website. In related news, CEO Keh Shew Lu sold 20,010 shares of Diodes stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $67.25, for a total transaction of $1,345,672.50. Following the completion of the transaction, the chief executive officer now directly owns 246,492 shares in the company, valued at $16,576,587. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Emily Yang sold 1,272 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $72.16, for a total value of $91,787.52. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders sold 24,182 shares of company stock valued at $1,640,921 in the last ninety days. Corporate insiders own 2.30% of the company’s stock.

Institutional Trading of Diodes

Institutional investors and hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. raised its stake in Diodes by 130.9% in 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. FMR LLC grew its holdings in shares of Diodes by 19.6% during the third 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 in the last quarter. Earnest Partners LLC raised its position in shares of Diodes by 12.5% in the first quarter. Earnest Partners LLC now owns 2,534,798 shares of the semiconductor company’s stock valued at $178,703,000 after buying an additional 282,089 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Diodes by 8.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,913,282 shares of the semiconductor company’s stock valued at $137,620,000 after buying an additional 141,610 shares during the period. Finally, Vanguard Group Inc. boosted its position in Diodes by 2.3% during the first quarter. Vanguard Group Inc. now owns 5,782,828 shares of the semiconductor company’s stock worth $407,689,000 after acquiring an additional 132,101 shares during the last quarter. 99.23% of the stock is currently owned by hedge funds and other 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.