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

Diodes (NASDAQ:DIOD) had its price objective dropped by Truist Financial from $63.00 to $53.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “hold” rating on the semiconductor company’s stock. Truist Financial’s price target would suggest a potential downside of 0.04% from the stock’s current price.

Several other research firms have also recently commented on DIOD. Benchmark lowered their target price on Diodes from $74.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday. StockNews.com upgraded shares of Diodes from a “sell” rating to a “hold” rating in a research note on Monday, November 11th.

Diodes Price Performance

Diodes stock opened at $53.02 on Wednesday. The stock has a 50-day moving average price of $60.83 and a two-hundred day moving average price of $62.61. The company has a market capitalization of $2.46 billion, a PE ratio of 40.17 and a beta of 1.31. Diodes has a 12 month low of $50.26 and a 12 month high of $86.74. The company has a current ratio of 3.58, a quick ratio of 2.21 and a debt-to-equity ratio of 0.01.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings data 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 return on equity of 3.90% and a net margin of 4.72%. Analysts expect that Diodes will post 1.35 EPS for the current year.

Insider Activity at Diodes

In other Diodes news, President Gary Yu sold 2,900 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction of $162,516.00. Following the sale, the president now owns 79,697 shares of the company’s stock, valued at $4,466,219.88. The trade was 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 company’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 $46,513.20. Following the sale, the chief financial officer now owns 51,525 shares in the company, valued at approximately $2,887,461. This represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,680 shares of company stock worth $262,267. 2.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Diodes

Hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its stake 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 buying an additional 312 shares in the last quarter. Inspire Investing LLC boosted its stake in shares of 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 grew its holdings in shares of Diodes by 30.1% during the 3rd 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 last quarter. AlphaMark Advisors LLC raised its position in Diodes by 15.6% in the 3rd 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. increased its stake in Diodes by 11.8% in the 3rd 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 period. 99.23% of the stock is currently owned by institutional investors.

About Diodes

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.