Diodes Incorporated (NASDAQ:DIOD) Receives $72.80 Average Price Target from Analysts

Shares of Diodes Incorporated (NASDAQ:DIOD) have received a consensus recommendation of “Hold” from the five research firms that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $72.80.

Several equities analysts recently weighed in on DIOD shares. Truist Financial reduced their target price on shares of Diodes from $69.00 to $62.00 and set a “hold” rating on the stock in a 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.

Institutional Investors Weigh In On Diodes

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new stake in shares of Diodes during the third quarter valued at about $29,000. GAMMA Investing LLC boosted its holdings in Diodes by 68.9% in the third quarter. GAMMA Investing LLC now owns 765 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 312 shares during the last quarter. KBC Group NV grew its stake in 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 purchasing an additional 368 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in Diodes during the 2nd quarter worth approximately $173,000. Finally, Quest Partners LLC acquired a new position in shares of Diodes in the 3rd quarter valued at approximately $184,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Diodes Trading Down 0.3 %

Shares of DIOD stock opened at $64.89 on Tuesday. The company has a quick ratio of 2.21, a current ratio of 3.58 and a debt-to-equity ratio of 0.01. Diodes has a fifty-two week low of $52.71 and a fifty-two week high of $86.74. The firm’s 50 day moving average price is $62.02 and its two-hundred day moving average price is $65.93. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of 49.16 and a beta of 1.32.

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.