Diodes (NASDAQ:DIOD) Given New $65.00 Price Target at Benchmark

Diodes (NASDAQ:DIOD) had its price objective cut by Benchmark from $74.00 to $65.00 in a report issued on Wednesday,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

A number of other equities research analysts have also recently issued reports on DIOD. Truist Financial decreased their price objective on shares of Diodes from $69.00 to $62.00 and set a “hold” rating for the company in a report on Friday, November 8th. StockNews.com upgraded shares of Diodes from a “sell” rating to a “hold” rating in a report on Monday, November 11th.

Diodes Trading Up 0.8 %

Diodes stock opened at $53.47 on Wednesday. The company’s fifty day simple moving average is $60.68 and its 200-day simple moving average is $62.42. The company has a quick ratio of 2.21, a current ratio of 3.58 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 stock has a market cap of $2.48 billion, a P/E ratio of 40.51 and a beta of 1.31.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings data 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 return on equity of 3.90% and a net margin of 4.72%. As a group, sell-side analysts forecast that Diodes will post 1.35 EPS for the current fiscal year.

Insider Buying and Selling at Diodes

In other news, CFO Brett R. Whitmire sold 830 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer now owns 51,525 shares of the company’s stock, valued at approximately $2,887,461. This represents a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Gary Yu sold 2,900 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction of $162,516.00. Following the transaction, the president now directly owns 79,697 shares of the company’s stock, valued at $4,466,219.88. This 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 over the last ninety days. Company insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Truvestments Capital LLC acquired a new position in shares of Diodes during the third quarter valued at about $29,000. GAMMA Investing LLC raised its position in shares of Diodes by 68.9% during the third quarter. GAMMA Investing LLC now owns 765 shares of the semiconductor company’s stock valued at $49,000 after buying an additional 312 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Diodes by 198.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company’s stock valued at $48,000 after buying an additional 522 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Diodes during the fourth quarter valued at about $79,000. Finally, Sterling Capital Management LLC raised its position in shares of Diodes by 789.7% during the fourth quarter. Sterling Capital Management LLC now owns 1,290 shares of the semiconductor company’s stock valued at $80,000 after buying an additional 1,145 shares during the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

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.