Benchmark Lowers Diodes (NASDAQ:DIOD) Price Target to $65.00

Diodes (NASDAQ:DIOD - Get Free Report) had its price objective dropped by Benchmark from $74.00 to $65.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the semiconductor company's stock. Benchmark's price target would indicate a potential upside of 21.56% from the stock's previous close.

A number of other research analysts have also weighed in on DIOD. StockNews.com raised shares of Diodes from a "sell" rating to a "hold" rating in a research note on Monday, November 11th. Truist Financial decreased their target price on shares of Diodes from $69.00 to $62.00 and set a "hold" rating on the stock in a research note on Friday, November 8th.

Diodes Price Performance

Diodes stock traded up $0.45 during midday trading on Wednesday, reaching $53.47. The company had a trading volume of 331,308 shares, compared to its average volume of 425,206. The company has a market capitalization of $2.48 billion, a P/E ratio of 40.51 and a beta of 1.31. Diodes has a 12-month low of $50.26 and a 12-month high of $86.74. The firm's fifty day simple moving average is $60.68 and its 200-day simple moving average is $62.42. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.58 and a quick ratio of 2.21.

Diodes (NASDAQ:DIOD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.54 by ($0.27). Diodes had a net margin of 4.72% and a return on equity of 3.90%. As a group, equities analysts anticipate that Diodes will post 1.35 EPS for the current year.

Insider Transactions at Diodes

In other news, CFO Brett R. Whitmire sold 830 shares of the firm's 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 $46,513.20. Following the completion of the sale, the chief financial officer now owns 51,525 shares in the company, valued at $2,887,461. This trade represents a 1.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Gary Yu sold 2,900 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 $162,516.00. Following the completion of the sale, the president now owns 79,697 shares of the company's stock, valued at $4,466,219.88. This trade represents a 3.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,680 shares of company stock worth $262,267 in the last 90 days. Insiders own 2.30% of the company's stock.

Institutional Trading of Diodes

Institutional investors have recently added to or reduced their stakes in the stock. Pitcairn Co. lifted its position in shares of Diodes by 4.2% during the 4th quarter. Pitcairn Co. now owns 5,208 shares of the semiconductor company's stock worth $321,000 after purchasing an additional 208 shares during the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Diodes by 5.8% during the 4th quarter. Ameritas Investment Partners Inc. now owns 4,772 shares of the semiconductor company's stock worth $294,000 after purchasing an additional 262 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Diodes by 68.9% during the 3rd quarter. GAMMA Investing LLC now owns 765 shares of the semiconductor company's stock worth $49,000 after purchasing an additional 312 shares during the last quarter. Corient Private Wealth LLC lifted its position in shares of Diodes by 1.0% during the 4th quarter. Corient Private Wealth LLC now owns 32,505 shares of the semiconductor company's stock worth $2,005,000 after purchasing an additional 328 shares during the last quarter. Finally, HighTower Advisors LLC lifted its position in shares of Diodes by 4.1% during the 4th quarter. HighTower Advisors LLC now owns 8,501 shares of the semiconductor company's stock worth $524,000 after purchasing an additional 335 shares during the last quarter. Institutional investors and hedge funds 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.