Truist Financial Has Lowered Expectations for Diodes (NASDAQ:DIOD) Stock Price

Diodes (NASDAQ:DIOD - Free Report) had its price target decreased by Truist Financial from $63.00 to $53.00 in a research report report published on Wednesday,Benzinga reports. Truist Financial currently has a hold rating on the semiconductor company's stock.

Several other research firms have also commented on DIOD. StockNews.com upgraded shares of Diodes from a "sell" rating to a "hold" rating in a research report on Monday, November 11th. Benchmark reduced their price target on shares of Diodes from $74.00 to $65.00 and set a "buy" rating on the stock in a report on Wednesday.

Diodes Price Performance

Shares of DIOD traded up $0.45 during trading hours 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 current ratio of 3.58, a quick ratio of 2.21 and a debt-to-equity ratio of 0.01. Diodes has a 12-month low of $50.26 and a 12-month high of $86.74. The firm has a 50 day simple moving average of $60.68 and a 200-day simple moving average of $62.32. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 40.51 and a beta of 1.31.

Diodes (NASDAQ:DIOD - Get Free Report) last issued its earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 earnings per share (EPS) 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%. Research analysts expect that Diodes will post 1.35 earnings per share for the current year.

Insider Activity at Diodes

In related news, CFO Brett R. Whitmire sold 830 shares of the company's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total value of $46,513.20. Following the completion of the transaction, the chief financial officer now directly owns 51,525 shares in the company, valued at approximately $2,887,461. This represents a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Gary Yu sold 2,900 shares of the firm's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total value of $162,516.00. Following the completion of the sale, the president now directly owns 79,697 shares in the company, valued at approximately $4,466,219.88. The trade was a 3.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,680 shares of company stock valued at $262,267. 2.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Diodes by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 5,910,766 shares of the semiconductor company's stock worth $364,517,000 after purchasing an additional 102,263 shares during the period. FMR LLC raised its position in shares of Diodes by 2.0% in the 4th quarter. FMR LLC now owns 5,902,006 shares of the semiconductor company's stock worth $363,977,000 after buying an additional 116,872 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Diodes by 8.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,238,567 shares of the semiconductor company's stock valued at $138,053,000 after acquiring an additional 168,545 shares during the last quarter. Earnest Partners LLC grew its position in Diodes by 0.4% during the fourth quarter. Earnest Partners LLC now owns 2,119,097 shares of the semiconductor company's stock valued at $130,685,000 after acquiring an additional 7,552 shares during the period. Finally, Victory Capital Management Inc. increased its stake in Diodes by 9.4% during the fourth quarter. Victory Capital Management Inc. now owns 1,907,509 shares of the semiconductor company's stock worth $117,636,000 after acquiring an additional 163,374 shares during the last quarter. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

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.