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

Diodes (NASDAQ:DIOD) had its price target trimmed by Benchmark from $83.00 to $75.00 in a report released on Monday morning,Benzinga reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

Several other brokerages have also recently issued reports on DIOD. StockNews.com cut shares of Diodes from a “hold” rating to a “sell” rating in a research note on Wednesday, August 21st. Truist Financial lowered their price target on Diodes from $69.00 to $62.00 and set a “hold” rating for the company in a research report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $72.80.

Diodes Price Performance

DIOD opened at $56.33 on Monday. Diodes has a 1 year low of $56.29 and a 1 year high of $86.74. The company’s 50 day simple moving average is $62.23 and its 200 day simple moving average is $68.98. The stock has a market capitalization of $2.61 billion, a PE ratio of 42.67 and a beta of 1.32. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.21 and a current ratio of 3.58.

Insider Buying and Selling at Diodes

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

Institutional Trading of Diodes

A number of hedge funds and other institutional investors have recently modified their holdings of DIOD. GAMMA Investing LLC grew its stake in Diodes by 66.5% during the 2nd quarter. GAMMA Investing LLC now owns 453 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 181 shares in the last quarter. SummerHaven Investment Management LLC increased its stake in shares of Diodes by 2.7% in the second quarter. SummerHaven Investment Management LLC now owns 8,101 shares of the semiconductor company’s stock worth $583,000 after buying an additional 210 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in Diodes by 5.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 4,245 shares of the semiconductor company’s stock valued at $299,000 after acquiring an additional 224 shares in the last quarter. Arizona State Retirement System boosted its stake in Diodes by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 12,861 shares of the semiconductor company’s stock valued at $925,000 after acquiring an additional 236 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV grew its holdings in Diodes by 2.5% during the 2nd quarter. Azzad Asset Management Inc. ADV now owns 10,115 shares of the semiconductor company’s stock worth $728,000 after acquiring an additional 250 shares in the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

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.