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

Diodes Incorporated (NASDAQ:DIOD) has been assigned an average recommendation of “Hold” from the five brokerages that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $72.80.

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

Institutional Trading of Diodes

Large investors have recently bought and sold shares of the company. Truvestments Capital LLC bought a new stake in Diodes in the 3rd quarter valued at about $29,000. GAMMA Investing LLC increased its stake in shares of Diodes by 68.9% in the third quarter. GAMMA Investing LLC now owns 765 shares of the semiconductor company’s stock worth $49,000 after purchasing an additional 312 shares in the last quarter. KBC Group NV lifted its stake in shares of Diodes by 33.9% during the 3rd quarter. KBC Group NV now owns 1,454 shares of the semiconductor company’s stock valued at $93,000 after buying an additional 368 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Diodes during the 2nd quarter valued at approximately $173,000. Finally, Quest Partners LLC purchased a new position in Diodes in the 3rd quarter valued at approximately $184,000. 99.23% of the stock is owned by hedge funds and other institutional investors.

Diodes Stock Down 3.6 %

DIOD opened at $62.58 on Tuesday. Diodes has a fifty-two week low of $52.71 and a fifty-two week high of $86.74. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.58 and a quick ratio of 2.21. The company’s 50-day moving average is $62.07 and its 200 day moving average is $65.84. The firm has a market capitalization of $2.90 billion, a P/E ratio of 47.41 and a beta of 1.32.

Diodes Company Profile

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.