Diodes Incorporated (NASDAQ:DIOD) Receives Consensus Rating of "Hold" from Brokerages

Diodes Incorporated (NASDAQ:DIOD - Get Free Report) has earned a consensus recommendation of "Hold" from the five ratings firms that are covering the stock, Marketbeat Ratings 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 target price among brokers that have updated their coverage on the stock in the last year is $72.80.

A number of equities analysts have commented on the company. StockNews.com upgraded Diodes from a "sell" rating to a "hold" rating in a research note on Monday, November 11th. Truist Financial dropped their price target on Diodes from $69.00 to $62.00 and set a "hold" rating for the company in a research note on Friday, November 8th. Finally, Benchmark reduced their price objective on shares of Diodes from $83.00 to $75.00 and set a "buy" rating on the stock in a research note on Monday, November 11th.

Diodes Stock Performance

Shares of Diodes stock traded down $0.65 on Tuesday, hitting $65.09. The stock had a trading volume of 313,416 shares, compared to its average volume of 345,554. The stock has a market cap of $3.02 billion, a price-to-earnings ratio of 49.31 and a beta of 1.32. The business's 50 day moving average is $61.82 and its two-hundred day moving average is $65.95. 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 twelve month low of $52.71 and a twelve month high of $86.74.

Institutional Trading of Diodes

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its holdings in Diodes by 34.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 226,742 shares of the semiconductor company's stock worth $14,532,000 after acquiring an additional 58,597 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Diodes by 3.6% in the third quarter. Geode Capital Management LLC now owns 1,266,052 shares of the semiconductor company's stock worth $81,154,000 after purchasing an additional 43,841 shares during the last quarter. Barclays PLC increased its holdings in Diodes by 361.1% in the third quarter. Barclays PLC now owns 79,799 shares of the semiconductor company's stock valued at $5,114,000 after purchasing an additional 62,492 shares during the period. Hodges Capital Management Inc. raised its position in Diodes by 20.9% during the 3rd quarter. Hodges Capital Management Inc. now owns 166,926 shares of the semiconductor company's stock worth $10,698,000 after purchasing an additional 28,804 shares during the last quarter. Finally, First National Bank of Omaha lifted its holdings in Diodes by 14.5% during the 3rd quarter. First National Bank of Omaha now owns 28,811 shares of the semiconductor company's stock worth $1,846,000 after buying an additional 3,653 shares during the period. Institutional investors own 99.23% of the company's stock.

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.