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

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

Other equities analysts have also issued research reports about the company. StockNews.com lowered Diodes from a “hold” rating to a “sell” rating in a research note on Wednesday, August 21st. Truist Financial reduced their price objective on shares of Diodes from $69.00 to $62.00 and set a “hold” rating on the stock in a report on Friday. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, Diodes has an average rating of “Hold” and a consensus target price of $72.80.

Diodes Trading Down 0.6 %

Shares of DIOD stock opened at $61.40 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.38 and a quick ratio of 2.10. The stock has a 50 day simple moving average of $62.45 and a 200-day simple moving average of $69.17. The company has a market cap of $2.84 billion, a price-to-earnings ratio of 46.78 and a beta of 1.32. Diodes has a 1-year low of $58.44 and a 1-year high of $86.74.

Insider Buying and Selling

In other Diodes news, SVP Emily Yang sold 1,000 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $70.48, for a total transaction of $70,480.00. Following the transaction, the senior vice president now directly owns 59,820 shares in the company, valued at $4,216,113.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Keh Shew Lu sold 20,010 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $67.25, for a total transaction of $1,345,672.50. Following the completion of the sale, the chief executive officer now directly owns 246,492 shares of the company’s stock, valued at $16,576,587. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Emily Yang sold 1,000 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $70.48, for a total value of $70,480.00. Following the transaction, the senior vice president now directly owns 59,820 shares in the company, valued at $4,216,113.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,182 shares of company stock valued at $1,640,921. Corporate insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. GAMMA Investing LLC raised its holdings in Diodes by 66.5% in the 2nd quarter. GAMMA Investing LLC now owns 453 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 181 shares during the period. EntryPoint Capital LLC bought a new stake in shares of Diodes during the first quarter valued at approximately $40,000. Innealta Capital LLC acquired a new position in shares of Diodes in the 2nd quarter valued at $88,000. KBC Group NV raised its position in Diodes by 33.9% in the third quarter. KBC Group NV now owns 1,454 shares of the semiconductor company’s stock worth $93,000 after purchasing an additional 368 shares in the last quarter. Finally, EMC Capital Management raised its holdings in shares of Diodes by 25.8% in the 1st quarter. EMC Capital Management now owns 1,632 shares of the semiconductor company’s stock worth $115,000 after buying an additional 335 shares in the last quarter. Institutional investors and hedge funds 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.