Diodes Incorporated (NASDAQ:DIOD) Given Consensus Rating of “Hold” by Brokerages

Shares of Diodes Incorporated (NASDAQ:DIOD) have been assigned a consensus rating of “Hold” from the five ratings firms that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $72.80.

A number of research analysts have recently weighed in on DIOD shares. Benchmark dropped their price objective on shares of Diodes from $83.00 to $75.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Truist Financial cut 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. Finally, StockNews.com raised Diodes from a “sell” rating to a “hold” rating in a research note on Monday, November 11th.

Insider Buying and Selling

In other Diodes news, SVP Emily Yang sold 1,272 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $72.16, for a total transaction of $91,787.52. Following the transaction, the senior vice president now owns 29,028 shares of the company’s stock, valued at $2,094,660.48. This trade represents a 4.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Brett R. Whitmire sold 1,900 shares of Diodes stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $69.99, for a total transaction of $132,981.00. Following the completion of the transaction, the chief financial officer now owns 46,365 shares in the company, valued at approximately $3,245,086.35. This trade represents a 3.94 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,172 shares of company stock worth $295,249. 2.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Diodes

Hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings in shares of Diodes by 66.5% in the 2nd 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. Truvestments Capital LLC acquired a new position in shares of Diodes in the 3rd quarter valued at $29,000. EntryPoint Capital LLC acquired a new position in shares of Diodes in the 1st quarter valued at $40,000. Innealta Capital LLC acquired a new position in shares of Diodes in the 2nd quarter valued at $88,000. Finally, KBC Group NV lifted its holdings in shares of Diodes by 33.9% during the 3rd quarter. KBC Group NV now owns 1,454 shares of the semiconductor company’s stock valued at $93,000 after acquiring an additional 368 shares in the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

Diodes Price Performance

Shares of NASDAQ DIOD opened at $61.31 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 has a market cap of $2.84 billion, a price-to-earnings ratio of 46.44 and a beta of 1.32. The company’s 50-day moving average price is $61.47 and its 200 day moving average price is $68.19. Diodes has a 52 week low of $52.71 and a 52 week high of $86.74.

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.