Diodes (NASDAQ:DIOD) Price Target Cut to $65.00 by Analysts at Benchmark

Diodes (NASDAQ:DIOD) had its price target dropped by research analysts at Benchmark from $74.00 to $65.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Benchmark’s target price would indicate a potential upside of 27.50% from the company’s current price.

A number of other research firms have also recently commented on DIOD. Truist Financial lowered their target price on Diodes from $69.00 to $62.00 and set a “hold” rating for the company in a research note on Friday, November 8th. StockNews.com raised Diodes from a “sell” rating to a “hold” rating in a research report on Monday, November 11th.

Diodes Stock Down 4.4 %

Shares of NASDAQ DIOD opened at $50.98 on Wednesday. The firm has a fifty day simple moving average of $61.13 and a two-hundred day simple moving average of $62.74. The firm has a market capitalization of $2.36 billion, a PE ratio of 38.62 and a beta of 1.31. 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 $50.64 and a 12 month high of $86.74.

Diodes (NASDAQ:DIOD) last released its quarterly 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 return on equity of 3.90% and a net margin of 4.72%. Equities analysts expect that Diodes will post 1.35 earnings per share for the current year.

Insider Buying and Selling at Diodes

In other news, President Gary Yu sold 2,900 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total transaction of $162,516.00. Following the completion of the transaction, the president now directly owns 79,697 shares in the company, valued at $4,466,219.88. This trade represents a 3.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Emily Yang sold 950 shares of Diodes stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total value of $53,238.00. Following the completion of the transaction, the senior vice president now directly owns 65,107 shares of the company’s stock, valued at approximately $3,648,596.28. This represents a 1.44 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,680 shares of company stock valued at $262,267. Corporate insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Diodes

A number of institutional investors have recently made changes to their positions in DIOD. Vanguard Group Inc. increased its holdings in Diodes by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 5,910,766 shares of the semiconductor company’s stock worth $364,517,000 after buying an additional 102,263 shares in the last quarter. FMR LLC boosted its holdings in shares of Diodes by 19.6% during the 3rd quarter. FMR LLC now owns 5,785,134 shares of the semiconductor company’s stock valued at $370,769,000 after acquiring an additional 947,118 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Diodes by 9.4% in 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 period. Geode Capital Management LLC lifted its position in Diodes by 3.6% during the third quarter. Geode Capital Management LLC now owns 1,266,052 shares of the semiconductor company’s stock valued at $81,154,000 after purchasing an additional 43,841 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Diodes by 9.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 687,245 shares of the semiconductor company’s stock worth $42,382,000 after purchasing an additional 61,139 shares during the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

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.