Truist Financial Has Lowered Expectations for Diodes (NASDAQ:DIOD) Stock Price

Diodes (NASDAQ:DIOD) had its price objective decreased by Truist Financial from $63.00 to $53.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the semiconductor company’s stock. Truist Financial’s price objective would suggest a potential upside of 2.34% from the stock’s current price.

Other analysts have also issued reports about the stock. Benchmark decreased their price target on shares of Diodes from $74.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday. StockNews.com upgraded shares of Diodes from a “sell” rating to a “hold” rating in a report on Monday, November 11th.

Diodes Trading Up 1.6 %

Shares of NASDAQ DIOD traded up $0.81 during trading hours on Wednesday, reaching $51.79. The stock had a trading volume of 474,135 shares, compared to its average volume of 454,546. The company has a current ratio of 3.58, a quick ratio of 2.21 and a debt-to-equity ratio of 0.01. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of 39.23 and a beta of 1.31. The business’s fifty day moving average price is $61.13 and its two-hundred day moving average price is $62.74. Diodes has a 52-week low of $50.26 and a 52-week high of $86.74.

Diodes (NASDAQ:DIOD) last announced 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 net margin of 4.72% and a return on equity of 3.90%. Analysts expect that Diodes will post 1.35 EPS for the current fiscal year.

Insider Buying and Selling

In other Diodes news, CFO Brett R. Whitmire sold 830 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total value of $46,513.20. Following the sale, the chief financial officer now owns 51,525 shares in the company, valued at approximately $2,887,461. This represents a 1.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Gary Yu sold 2,900 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total value of $162,516.00. Following the completion of the sale, the president now owns 79,697 shares in the company, valued at approximately $4,466,219.88. This represents a 3.51 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,680 shares of company stock worth $262,267. 2.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Truvestments Capital LLC purchased a new position in shares of Diodes during the 3rd quarter valued at approximately $29,000. GAMMA Investing LLC lifted its holdings in Diodes by 68.9% in the 3rd quarter. GAMMA Investing LLC now owns 765 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 312 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Diodes by 198.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 522 shares in the last quarter. Quantbot Technologies LP purchased a new position in Diodes in the 4th quarter valued at $79,000. Finally, KBC Group NV lifted its holdings in Diodes by 33.9% in the 3rd quarter. KBC Group NV now owns 1,454 shares of the semiconductor company’s stock valued at $93,000 after purchasing an additional 368 shares in the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

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.