Diodes (NASDAQ:DIOD) Given New $65.00 Price Target at Benchmark

Diodes (NASDAQ:DIOD) had its price target reduced by Benchmark from $74.00 to $65.00 in a report published on Wednesday,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

A number of other analysts also recently weighed in on the stock. 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 note on Monday, November 11th.

Diodes Trading Up 3.1 %

Shares of Diodes stock opened at $52.56 on Wednesday. Diodes has a twelve month low of $50.26 and a twelve month high of $86.74. The company has a quick ratio of 2.21, a current ratio of 3.58 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average price of $60.95 and a 200-day moving average price of $62.67. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 39.82 and a beta of 1.31.

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

Insider Activity at Diodes

In other news, SVP Emily Yang sold 950 shares of Diodes stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction of $53,238.00. Following the completion of the sale, the senior vice president now owns 65,107 shares of the company’s stock, valued at approximately $3,648,596.28. The trade was a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Brett R. Whitmire sold 830 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total value of $46,513.20. Following the completion of the transaction, the chief financial officer now directly owns 51,525 shares in the company, valued at approximately $2,887,461. This trade represents a 1.59 % 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 quarter. 2.30% of the stock is owned by company insiders.

Institutional Trading of Diodes

Hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. raised its stake in shares of Diodes by 130.9% during the 3rd quarter. Victory Capital Management Inc. now owns 1,744,135 shares of the semiconductor company’s stock worth $111,782,000 after acquiring an additional 988,671 shares in the last quarter. FMR LLC increased its position 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 purchasing an additional 947,118 shares in the last quarter. Norges Bank purchased a new stake in shares of Diodes during the 4th quarter valued at $33,933,000. JPMorgan Chase & Co. boosted its position in shares of Diodes by 55.9% in the 4th quarter. JPMorgan Chase & Co. now owns 353,595 shares of the semiconductor company’s stock worth $21,806,000 after purchasing an additional 126,853 shares in the last quarter. Finally, Cinctive Capital Management LP purchased a new position in Diodes during the 3rd quarter worth $7,791,000. Hedge funds and other institutional investors 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.