Brokerages Set Diodes Incorporated (NASDAQ:DIOD) Target Price at $72.80

Diodes Incorporated (NASDAQ:DIOD) has earned a consensus rating of “Hold” from the five analysts that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $72.80.

A number of analysts have issued reports on the stock. Truist Financial cut their price target on shares of Diodes from $69.00 to $62.00 and set a “hold” rating on the stock in a research note on Friday, November 8th. Benchmark cut their target price on shares of Diodes from $83.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, November 11th. Finally, StockNews.com raised Diodes from a “sell” rating to a “hold” rating in a research report on Monday, November 11th.

Hedge Funds Weigh In On Diodes

Several large investors have recently made changes to their positions in the business. Truvestments Capital LLC bought a new position in shares of Diodes during the 3rd quarter worth approximately $29,000. GAMMA Investing LLC increased its position in Diodes by 68.9% in the third quarter. GAMMA Investing LLC now owns 765 shares of the semiconductor company’s stock worth $49,000 after purchasing an additional 312 shares during the period. KBC Group NV boosted its stake in Diodes by 33.9% in the third 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 last quarter. Canada Pension Plan Investment Board bought a new stake in Diodes in the second quarter valued at about $173,000. Finally, Quest Partners LLC bought a new position in Diodes during the 3rd quarter worth approximately $184,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

Diodes Price Performance

Shares of NASDAQ:DIOD opened at $59.33 on Tuesday. Diodes has a 52 week low of $52.71 and a 52 week high of $86.74. The company’s fifty day moving average is $62.06 and its 200 day moving average is $65.72. The company has a quick ratio of 2.21, a current ratio of 3.58 and a debt-to-equity ratio of 0.01. The stock has a market cap of $2.75 billion, a PE ratio of 44.95 and a beta of 1.32.

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.