Diodes Incorporated (NASDAQ:DIOD) Given Average Recommendation of "Hold" by Analysts

Diodes Incorporated (NASDAQ:DIOD - Get Free Report) has received a consensus rating of "Hold" from the five analysts that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to 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 research analysts have issued reports on the stock. Truist Financial dropped their target price 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. Benchmark cut their target price on shares of Diodes from $83.00 to $75.00 and set a "buy" rating for the company in a research report on Monday, November 11th. Finally, StockNews.com upgraded Diodes from a "sell" rating to a "hold" rating in a research report on Monday, November 11th.

Diodes Price Performance

Shares of NASDAQ:DIOD traded down $0.67 on Friday, hitting $64.64. The company's stock had a trading volume of 361,526 shares, compared to its average volume of 348,873. Diodes has a 1 year low of $52.71 and a 1 year high of $86.74. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.58 and a quick ratio of 2.21. The company has a market capitalization of $2.99 billion, a PE ratio of 48.97 and a beta of 1.34. The company has a 50-day simple moving average of $62.15 and a 200 day simple moving average of $67.20.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DIOD. Victory Capital Management Inc. raised its stake in Diodes by 130.9% in the third quarter. Victory Capital Management Inc. now owns 1,744,135 shares of the semiconductor company's stock worth $111,782,000 after buying an additional 988,671 shares in the last quarter. FMR LLC raised its position in shares of Diodes by 19.6% in the 3rd quarter. FMR LLC now owns 5,785,134 shares of the semiconductor company's stock worth $370,769,000 after acquiring an additional 947,118 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Diodes by 8.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,913,282 shares of the semiconductor company's stock valued at $137,620,000 after purchasing an additional 141,610 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Diodes by 27.2% during the second quarter. Bank of New York Mellon Corp now owns 604,153 shares of the semiconductor company's stock valued at $43,457,000 after purchasing an additional 129,195 shares in the last quarter. Finally, Cinctive Capital Management LP purchased a new stake in Diodes in the third quarter worth $7,791,000. 99.23% of the stock is currently owned by institutional investors.

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.