Benchmark Cuts Diodes (NASDAQ:DIOD) Price Target to $65.00

Diodes (NASDAQ:DIOD) had its price objective decreased by Benchmark from $74.00 to $65.00 in a research note published on Wednesday morning,Benzinga reports. Benchmark currently has a buy rating on the semiconductor company’s stock.

DIOD has been the topic of a number of other research reports. Truist Financial lowered their price objective on shares of Diodes from $69.00 to $62.00 and set a “hold” rating on the stock in a research note on Friday, November 8th. StockNews.com raised Diodes from a “sell” rating to a “hold” rating in a report on Monday, November 11th.

Diodes Price Performance

NASDAQ DIOD opened at $53.47 on Wednesday. Diodes has a 12 month low of $50.26 and a 12 month 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 firm has a market capitalization of $2.48 billion, a PE ratio of 40.51 and a beta of 1.31. The company’s 50 day simple moving average is $60.68 and its 200 day simple moving average is $62.42.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings data on Tuesday, February 11th. The semiconductor company reported $0.27 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%. As a group, equities research analysts forecast that Diodes will post 1.35 EPS for the current fiscal year.

Insider Buying and Selling at Diodes

In other Diodes news, CFO Brett R. Whitmire sold 830 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction of $46,513.20. Following the sale, the chief financial officer now directly owns 51,525 shares of the company’s stock, valued at $2,887,461. The trade was a 1.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Gary Yu sold 2,900 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction of $162,516.00. Following the sale, the president now directly owns 79,697 shares in the company, valued at approximately $4,466,219.88. This trade represents a 3.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,680 shares of company stock valued at $262,267. Corporate insiders own 2.30% of the company’s stock.

Institutional Trading of Diodes

Several large investors have recently added to or reduced their stakes in DIOD. Truvestments Capital LLC acquired a new stake in Diodes during the 3rd quarter valued at $29,000. Smartleaf Asset Management LLC grew its holdings in shares of Diodes by 198.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company’s stock valued at $48,000 after acquiring an additional 522 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Diodes by 68.9% during the 3rd quarter. GAMMA Investing LLC now owns 765 shares of the semiconductor company’s stock valued at $49,000 after acquiring an additional 312 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Diodes during the 4th quarter valued at $79,000. Finally, Sterling Capital Management LLC grew its holdings in shares of Diodes by 789.7% during the 4th quarter. Sterling Capital Management LLC now owns 1,290 shares of the semiconductor company’s stock valued at $80,000 after acquiring an additional 1,145 shares in the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.

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.