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

Diodes Incorporated (NASDAQ:DIOD) has earned an average recommendation of “Hold” from the five analysts that are presently covering the firm, Marketbeat.com 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 12 month price objective among brokerages that have covered the stock in the last year is $72.80.

A number of equities analysts have commented on DIOD shares. Benchmark reduced their price target on shares of Diodes from $83.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, November 11th. Truist Financial reduced their target price on Diodes from $69.00 to $62.00 and set a “hold” rating on the stock in a report on Friday, November 8th. Finally, StockNews.com raised Diodes from a “sell” rating to a “hold” rating in a report on Monday, November 11th.

Institutional Investors Weigh In On Diodes

Hedge funds and other institutional investors have recently made changes to their positions in the company. Truvestments Capital LLC bought a new position in Diodes in the third quarter valued at about $29,000. GAMMA Investing LLC boosted its stake in shares of Diodes by 68.9% in the 3rd quarter. GAMMA Investing LLC now owns 765 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 312 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of Diodes during the 2nd quarter worth approximately $88,000. KBC Group NV raised its stake 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 buying an additional 368 shares during the last quarter. Finally, Hantz Financial Services Inc. acquired a new position in Diodes in the second quarter valued at approximately $147,000. 99.23% of the stock is owned by institutional investors and hedge funds.

Diodes Stock Down 0.4 %

Shares of NASDAQ DIOD opened at $62.30 on Friday. The business has a fifty day moving average of $62.09 and a two-hundred day moving average of $66.93. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.21 and a current ratio of 3.58. Diodes has a 52-week low of $52.71 and a 52-week high of $86.74. The stock has a market cap of $2.89 billion, a PE ratio of 47.20 and a beta of 1.34.

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.