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

Diodes Incorporated (NASDAQ:DIOD) has been given an average rating of “Hold” by the five ratings firms that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $72.80.

Several research analysts have recently weighed in on DIOD shares. Benchmark lowered their price objective on Diodes from $83.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, November 11th. StockNews.com upgraded Diodes from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Finally, Truist Financial cut their price target on Diodes from $69.00 to $62.00 and set a “hold” rating on the stock in a report on Friday, November 8th.

Institutional Investors Weigh In On Diodes

Several hedge funds and other institutional investors have recently modified their holdings of DIOD. Rhumbline Advisers raised its holdings in Diodes by 2.4% during the second quarter. Rhumbline Advisers now owns 136,255 shares of the semiconductor company’s stock worth $9,801,000 after buying an additional 3,198 shares during the last quarter. TD Asset Management Inc lifted its position in Diodes by 95.4% in the 2nd quarter. TD Asset Management Inc now owns 34,000 shares of the semiconductor company’s stock valued at $2,446,000 after acquiring an additional 16,600 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Diodes by 7.0% during the 2nd quarter. Victory Capital Management Inc. now owns 755,464 shares of the semiconductor company’s stock valued at $54,341,000 after purchasing an additional 49,284 shares during the last quarter. Arizona State Retirement System increased its holdings in Diodes by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 12,861 shares of the semiconductor company’s stock worth $925,000 after purchasing an additional 236 shares in the last quarter. Finally, Choreo LLC purchased a new stake in shares of Diodes in the second quarter worth approximately $593,000. Institutional investors own 99.23% of the company’s stock.

Diodes Trading Down 3.6 %

DIOD opened at $62.58 on Tuesday. The stock has a market cap of $2.90 billion, a PE ratio of 47.41 and a beta of 1.32. 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 twelve month low of $52.71 and a twelve month high of $86.74. The company has a fifty day moving average of $62.07 and a 200-day moving average of $65.84.

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.