Benchmark Issues Pessimistic Forecast for Diodes (NASDAQ:DIOD) Stock Price

Diodes (NASDAQ:DIOD) had its target price decreased by research analysts at Benchmark from $74.00 to $65.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Benchmark’s price target would suggest a potential upside of 22.60% from the stock’s previous close.

DIOD has been the subject of a number of other reports. Truist Financial dropped their price target 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 raised shares of Diodes from a “sell” rating to a “hold” rating in a report on Monday, November 11th.

Diodes Trading Up 0.9 %

Shares of NASDAQ DIOD opened at $53.02 on Wednesday. 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 capitalization of $2.46 billion, a PE ratio of 40.17 and a beta of 1.31. The stock has a fifty day simple moving average of $60.83 and a 200-day simple moving average of $62.61. Diodes has a twelve month low of $50.26 and a twelve month high of $86.74.

Diodes (NASDAQ:DIOD) last issued its earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.27). Diodes had a net margin of 4.72% and a return on equity of 3.90%. On average, equities analysts forecast that Diodes will post 1.35 earnings per share for the current year.

Insider Buying and Selling

In other Diodes news, SVP Emily Yang sold 950 shares of Diodes stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 65,107 shares of the company’s stock, valued at approximately $3,648,596.28. The trade was a 1.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Gary Yu sold 2,900 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total value of $162,516.00. Following the transaction, the president now directly owns 79,697 shares in the company, valued at approximately $4,466,219.88. This represents a 3.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,680 shares of company stock worth $262,267 in the last quarter. Company insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Diodes

A number of institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC increased its holdings in shares of Diodes by 68.9% during the 3rd 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. Inspire Investing LLC increased its holdings in Diodes by 33.9% in the 3rd quarter. Inspire Investing LLC now owns 6,453 shares of the semiconductor company’s stock valued at $414,000 after purchasing an additional 1,635 shares in the last quarter. Creative Planning raised its position in Diodes by 30.1% in the third quarter. Creative Planning now owns 9,920 shares of the semiconductor company’s stock valued at $636,000 after purchasing an additional 2,298 shares during the period. AlphaMark Advisors LLC raised its stake 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 valued at $320,000 after purchasing an additional 674 shares during the period. Finally, Blue Trust Inc. boosted its position in Diodes by 11.8% in the 3rd quarter. Blue Trust Inc. now owns 4,817 shares of the semiconductor company’s stock valued at $309,000 after buying an additional 510 shares during the last quarter. 99.23% of the stock is currently owned by hedge funds and other 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.