Diodes (NASDAQ:DIOD) Price Target Lowered to $53.00 at Truist Financial

Diodes (NASDAQ:DIOD) had its price objective reduced by Truist Financial from $63.00 to $53.00 in a research report released on Wednesday,Benzinga reports. Truist Financial currently has a hold rating on the semiconductor company’s stock.

Several other equities analysts have also recently weighed in on DIOD. Benchmark cut their price objective on Diodes from $74.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday. StockNews.com raised shares of Diodes from a “sell” rating to a “hold” rating in a research note on Monday, November 11th.

Diodes Stock Up 3.1 %

Shares of NASDAQ:DIOD opened at $52.56 on Wednesday. The company has a 50 day moving average price of $60.95 and a two-hundred day moving average price of $62.67. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.21 and a current ratio of 3.58. The company has a market capitalization of $2.44 billion, a PE ratio of 39.82 and a beta of 1.31. Diodes has a 52 week low of $50.26 and a 52 week high of $86.74.

Diodes (NASDAQ:DIOD) last released its quarterly earnings data on Tuesday, February 11th. The semiconductor company reported $0.27 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 forecast that Diodes will post 1.35 earnings per share for the current year.

Insider Transactions at Diodes

In other news, CFO Brett R. Whitmire sold 830 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction of $46,513.20. Following the completion of the transaction, the chief financial officer now directly owns 51,525 shares in the company, valued at $2,887,461. This represents a 1.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Emily Yang sold 950 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total value of $53,238.00. Following the completion of the transaction, the senior vice president now owns 65,107 shares of the company’s stock, valued at $3,648,596.28. The trade was a 1.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,680 shares of company stock valued at $262,267 over the last three months. Company insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DIOD. Pitcairn Co. raised its stake in shares of Diodes by 4.2% during the 4th quarter. Pitcairn Co. now owns 5,208 shares of the semiconductor company’s stock worth $321,000 after purchasing an additional 208 shares in the last quarter. GAMMA Investing LLC increased its holdings in Diodes by 68.9% during the third quarter. GAMMA Investing LLC now owns 765 shares of the semiconductor company’s stock worth $49,000 after buying an additional 312 shares during the last quarter. Corient Private Wealth LLC raised its position in Diodes by 1.0% during the fourth quarter. Corient Private Wealth LLC now owns 32,505 shares of the semiconductor company’s stock worth $2,005,000 after acquiring an additional 328 shares in the last quarter. HighTower Advisors LLC lifted its stake in Diodes by 4.1% in the fourth quarter. HighTower Advisors LLC now owns 8,501 shares of the semiconductor company’s stock valued at $524,000 after acquiring an additional 335 shares during the last quarter. Finally, KBC Group NV grew its position in shares of 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 acquiring an additional 368 shares during the period. 99.23% of the stock is currently owned by 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.