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

Diodes Incorporated (NASDAQ:DIOD - Get Free Report) has been given a consensus recommendation of "Hold" by the five analysts that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $72.80.

Several equities research analysts have recently weighed in on DIOD shares. Benchmark decreased their price objective 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. Truist Financial decreased their price target on Diodes from $69.00 to $62.00 and set a "hold" rating for the company in a report on Friday, November 8th. Finally, StockNews.com raised Diodes from a "sell" rating to a "hold" rating in a research report on Monday, November 11th.

Institutional Investors Weigh In On Diodes

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Truvestments Capital LLC acquired a new stake in shares of Diodes in the 3rd quarter valued at about $29,000. GAMMA Investing LLC grew its stake 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 acquiring an additional 312 shares during the period. KBC Group NV increased its holdings in shares of Diodes by 33.9% during the third quarter. KBC Group NV now owns 1,454 shares of the semiconductor company's stock valued at $93,000 after acquiring an additional 368 shares in the last quarter. Quest Partners LLC acquired a new position in shares of Diodes during the third quarter worth approximately $184,000. Finally, EP Wealth Advisors LLC bought a new position in shares of Diodes in the 3rd quarter worth $260,000. 99.23% of the stock is owned by institutional investors.

Diodes Trading Up 0.9 %

DIOD traded up $0.52 during midday trading on Friday, hitting $56.97. 352,131 shares of the company were exchanged, compared to its average volume of 437,406. The firm's 50 day moving average price is $62.09 and its 200-day moving average price is $63.66. Diodes has a 1-year low of $52.71 and a 1-year high of $86.74. The firm has a market capitalization of $2.64 billion, a P/E ratio of 43.16 and a beta of 1.31. 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 (NASDAQ:DIOD - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The semiconductor company reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.39 by $0.04. The company had revenue of $350.08 million for the quarter, compared to analyst estimates of $346.30 million. Diodes had a return on equity of 3.90% and a net margin of 4.72%. During the same period in the previous year, the firm earned $1.13 earnings per share. As a group, equities analysts forecast that Diodes will post 1.35 EPS for the current fiscal year.

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.