Diodes (NASDAQ:DIOD) Price Target Raised to $54.00

Diodes (NASDAQ:DIOD) had its target price hoisted by Truist Financial from $51.00 to $54.00 in a research note issued to investors on Friday morning,Benzinga reports. Truist Financial currently has a hold rating on the semiconductor company’s stock.

A number of other brokerages have also recently weighed in on DIOD. Weiss Ratings reiterated a “sell (d+)” rating on shares of Diodes in a research report on Monday, December 15th. Wall Street Zen cut shares of Diodes from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Zacks Research cut Diodes from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $55.33.

Diodes Stock Up 0.1%

Shares of DIOD opened at $50.90 on Friday. Diodes has a 52 week low of $32.93 and a 52 week high of $67.12. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.09 and a current ratio of 3.32. The firm has a market capitalization of $2.36 billion, a P/E ratio of 36.88 and a beta of 1.65. The company has a 50-day simple moving average of $50.40 and a 200-day simple moving average of $52.08.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings data on Tuesday, March 8th. The semiconductor company reported $0.74 EPS for the quarter. The company had revenue of $350.37 million during the quarter. Diodes had a return on equity of 2.81% and a net margin of 4.49%. On average, equities research analysts expect that Diodes will post 1.82 earnings per share for the current year.

Insider Buying and Selling at Diodes

In other news, Director Keh Shew Lu sold 6,000 shares of the stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $47.42, for a total transaction of $284,520.00. Following the completion of the sale, the director owned 244,397 shares of the company’s stock, valued at $11,589,305.74. This represents a 2.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.30% of the stock is owned by company insiders.

Institutional Trading of Diodes

A number of institutional investors have recently modified their holdings of DIOD. EverSource Wealth Advisors LLC lifted its stake in Diodes by 77.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 205 shares in the last quarter. Salomon & Ludwin LLC bought a new position in shares of Diodes in the 3rd quarter valued at about $25,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of Diodes by 283.1% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 544 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 402 shares during the last quarter. Geneos Wealth Management Inc. acquired a new position in Diodes during the second quarter worth approximately $30,000. Finally, Fifth Third Bancorp increased its holdings in shares of Diodes by 85.8% during the 2nd quarter. Fifth Third Bancorp now owns 628 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 290 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors.

About Diodes

Diodes Incorporated (NASDAQ: DIOD) is a global manufacturer and supplier of high‐performance discrete, logic, analog and mixed‐signal semiconductor products. Headquartered in Plano, Texas, the company designs and develops a broad range of discrete components, standard logic functions, power management circuits, interface products and array products. Its portfolio includes rectifiers, MOSFETs, general‐purpose diodes, voltage regulators, comparators, buffers and other building blocks for electronic systems.

Diodes Incorporated serves a variety of end markets such as automotive, computing, communications, consumer electronics, industrial and lighting.