Diodes (NASDAQ:DIOD) Price Target Lowered to $75.00 at Benchmark

Diodes (NASDAQ:DIOD) had its target price reduced by stock analysts at Benchmark from $83.00 to $75.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Benchmark’s price objective would indicate a potential upside of 27.64% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. Truist Financial reduced 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. StockNews.com lowered Diodes from a “hold” rating to a “sell” rating in a research report on Wednesday, August 21st. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Diodes currently has a consensus rating of “Hold” and a consensus price target of $72.80.

Diodes Trading Down 4.8 %

Shares of Diodes stock opened at $58.76 on Monday. The company has a 50 day simple moving average of $62.36 and a two-hundred day simple moving average of $69.07. The firm has a market cap of $2.72 billion, a PE ratio of 44.52 and a beta of 1.32. Diodes has a 1 year low of $58.44 and a 1 year high of $86.74. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.38 and a quick ratio of 2.10.

Insider Transactions at Diodes

In related news, SVP Emily Yang sold 1,272 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $72.16, for a total transaction of $91,787.52. Following the transaction, the senior vice president now directly owns 29,028 shares in the company, valued at $2,094,660.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Keh Shew Lu sold 20,010 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $67.25, for a total transaction of $1,345,672.50. Following the completion of the sale, the chief executive officer now directly owns 246,492 shares in the company, valued at approximately $16,576,587. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Emily Yang sold 1,272 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $72.16, for a total value of $91,787.52. Following the transaction, the senior vice president now owns 29,028 shares in the company, valued at approximately $2,094,660.48. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,182 shares of company stock worth $1,640,921. Company insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Diodes

A number of large investors have recently made changes to their positions in DIOD. Vanguard Group Inc. lifted its stake in Diodes by 2.3% in the first quarter. Vanguard Group Inc. now owns 5,782,828 shares of the semiconductor company’s stock worth $407,689,000 after acquiring an additional 132,101 shares during the period. Seven Eight Capital LP purchased a new position in shares of Diodes during the first quarter valued at about $1,055,000. Bessemer Group Inc. raised its stake in Diodes by 7.4% in the first quarter. Bessemer Group Inc. now owns 144,875 shares of the semiconductor company’s stock worth $10,213,000 after buying an additional 9,924 shares in the last quarter. William Blair Investment Management LLC lifted its holdings in Diodes by 19.0% in the first quarter. William Blair Investment Management LLC now owns 479,614 shares of the semiconductor company’s stock worth $33,813,000 after buying an additional 76,447 shares during the period. Finally, Boston Partners purchased a new stake in Diodes in the first quarter worth about $821,000. 99.23% of the stock is currently owned by institutional investors.

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.