Diodes Incorporated (NASDAQ:DIOD - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $66.00 and traded as high as $67.12. Diodes shares last traded at $65.74, with a volume of 497,893 shares trading hands.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the company. Truist Financial decreased their target price on Diodes from $69.00 to $62.00 and set a "hold" rating for the company in a research report on Friday, November 8th. StockNews.com raised shares of Diodes from a "sell" rating to a "hold" rating in a report on Monday, November 11th. Finally, Benchmark dropped their price target on Diodes from $83.00 to $75.00 and set a "buy" rating on the stock in a research note on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $72.80.
View Our Latest Stock Report on DIOD
Diodes Price Performance
The firm has a market capitalization of $3.02 billion, a P/E ratio of 49.31 and a beta of 1.32. The company has a current ratio of 3.58, a quick ratio of 2.21 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average price of $61.82 and a 200-day moving average price of $65.95.
Institutional Investors Weigh In On Diodes
Institutional investors and hedge funds have recently modified their holdings of the business. Truvestments Capital LLC purchased a new position in Diodes in the 3rd quarter worth about $29,000. GAMMA Investing LLC grew its stake in Diodes by 68.9% in the 3rd quarter. GAMMA Investing LLC now owns 765 shares of the semiconductor company's stock worth $49,000 after acquiring an additional 312 shares in the last quarter. KBC Group NV increased its position 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 worth $93,000 after acquiring an additional 368 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of Diodes during the second quarter valued at approximately $173,000. Finally, Quest Partners LLC purchased a new stake in shares of Diodes in the third quarter valued at approximately $184,000. 99.23% of the stock is owned by institutional investors.
Diodes Company Profile
(
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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.
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