Diodes (NASDAQ:DIOD) Given New $65.00 Price Target at Benchmark

Diodes (NASDAQ:DIOD) had its price objective cut by investment analysts at Benchmark from $74.00 to $65.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Benchmark’s target price indicates a potential upside of 27.50% from the stock’s previous close.

A number of other equities analysts have also weighed in on DIOD. Truist Financial decreased 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 upgraded shares of Diodes from a “sell” rating to a “hold” rating in a research report on Monday, November 11th.

Diodes Price Performance

Shares of NASDAQ:DIOD opened at $50.98 on Wednesday. The company has a 50 day moving average of $61.13 and a 200 day moving average of $62.74. 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 stock has a market cap of $2.36 billion, a P/E ratio of 38.62 and a beta of 1.31. Diodes has a 12 month low of $50.64 and a 12 month high of $86.74.

Diodes (NASDAQ:DIOD) last released its quarterly earnings results 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%. As a group, sell-side analysts forecast that Diodes will post 1.35 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, President Gary Yu sold 2,900 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total transaction of $162,516.00. Following the completion of the sale, the president now directly owns 79,697 shares in the company, valued at $4,466,219.88. This represents a 3.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Brett R. Whitmire sold 830 shares of the firm’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 transaction, the chief financial officer now owns 51,525 shares in the company, valued at approximately $2,887,461. The trade was a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,680 shares of company stock valued at $262,267 over the last 90 days. Insiders own 2.30% of the company’s stock.

Institutional Trading of Diodes

A number of institutional investors have recently made changes to their positions in DIOD. GAMMA Investing LLC raised its holdings in Diodes by 68.9% during the 3rd quarter. GAMMA Investing LLC now owns 765 shares of the semiconductor company’s stock valued at $49,000 after buying an additional 312 shares during the last quarter. Inspire Investing LLC increased its position in shares of Diodes by 33.9% in the third quarter. Inspire Investing LLC now owns 6,453 shares of the semiconductor company’s stock valued at $414,000 after acquiring an additional 1,635 shares during the period. Creative Planning raised its stake in shares of Diodes by 30.1% during the third quarter. Creative Planning now owns 9,920 shares of the semiconductor company’s stock valued at $636,000 after acquiring an additional 2,298 shares during the last quarter. AlphaMark Advisors LLC boosted its holdings in shares of Diodes by 15.6% during the third quarter. AlphaMark Advisors LLC now owns 4,997 shares of the semiconductor company’s stock worth $320,000 after purchasing an additional 674 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of Diodes by 11.8% in the third quarter. Blue Trust Inc. now owns 4,817 shares of the semiconductor company’s stock worth $309,000 after purchasing an additional 510 shares during 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.