Brokerages Set Diodes Incorporated (NASDAQ:DIOD) Target Price at $72.80

Shares of Diodes Incorporated (NASDAQ:DIOD - Get Free Report) have earned a consensus recommendation of "Hold" from the five research firms that are currently covering the stock, 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 objective among brokerages that have covered the stock in the last year is $72.80.

Several brokerages have recently commented on DIOD. StockNews.com raised shares of Diodes from a "sell" rating to a "hold" rating in a research report on Monday, November 11th. Truist Financial lowered their price target on shares of Diodes from $69.00 to $62.00 and set a "hold" rating for the company in a research report on Friday, November 8th. Finally, Benchmark cut their target price on Diodes from $83.00 to $75.00 and set a "buy" rating on the stock in a research note on Monday, November 11th.

Insider Activity at Diodes

In other Diodes news, SVP Emily Yang sold 1,000 shares of the firm's stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $70.48, for a total transaction of $70,480.00. Following the completion of the transaction, the senior vice president now owns 59,820 shares in the company, valued at $4,216,113.60. This trade represents a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Brett R. Whitmire sold 1,900 shares of the firm's stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $69.99, for a total value of $132,981.00. Following the transaction, the chief financial officer now owns 46,365 shares of the company's stock, valued at $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 90 days, insiders sold 4,172 shares of company stock worth $295,249. Company insiders own 2.30% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of DIOD. Victory Capital Management Inc. raised its position 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 raised its holdings in shares of Diodes by 19.6% in the third quarter. FMR LLC now owns 5,785,134 shares of the semiconductor company's stock valued at $370,769,000 after buying an additional 947,118 shares during the last quarter. Earnest Partners LLC lifted its position in Diodes by 12.5% during the 1st quarter. Earnest Partners LLC now owns 2,534,798 shares of the semiconductor company's stock worth $178,703,000 after buying an additional 282,089 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Diodes by 8.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,913,282 shares of the semiconductor company's stock worth $137,620,000 after acquiring an additional 141,610 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Diodes by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 5,782,828 shares of the semiconductor company's stock valued at $407,689,000 after acquiring an additional 132,101 shares in the last quarter. Institutional investors own 99.23% of the company's stock.

Diodes Price Performance

DIOD stock traded up $0.83 on Monday, reaching $53.84. 321,108 shares of the company's stock were exchanged, compared to its average volume of 345,464. 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. The firm has a market cap of $2.49 billion, a PE ratio of 40.79 and a beta of 1.32. The stock has a fifty day moving average of $61.77 and a 200-day moving average of $68.56.

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.