Diodes Incorporated (NASDAQ:DIOD) Given Average Rating of “Hold” by Analysts

Diodes Incorporated (NASDAQ:DIOD) has been assigned a consensus rating of “Hold” from the five research firms that are covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $72.80.

DIOD has been the topic of a number of research reports. Benchmark dropped their price objective on shares of Diodes from $83.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, November 11th. StockNews.com raised shares of Diodes from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Finally, Truist Financial cut their target price on Diodes from $69.00 to $62.00 and set a “hold” rating on the stock in a research report on Friday, November 8th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Truvestments Capital LLC purchased a new stake in Diodes in the 3rd quarter valued at about $29,000. GAMMA Investing LLC grew its stake in Diodes by 68.9% during the third quarter. GAMMA Investing LLC now owns 765 shares of the semiconductor company’s stock valued at $49,000 after acquiring an additional 312 shares in the last quarter. KBC Group NV raised its position in shares of 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 buying an additional 368 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Diodes during the 2nd quarter valued at about $173,000. Finally, Quest Partners LLC bought a new position in shares of Diodes in the 3rd quarter worth $184,000. 99.23% of the stock is owned by institutional investors.

Diodes Stock Performance

Diodes stock opened at $65.74 on Tuesday. Diodes has a fifty-two week low of $52.71 and a fifty-two week high of $86.74. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of 49.80 and a beta of 1.32. The stock has a fifty day moving average of $61.82 and a two-hundred day moving average of $66.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.21 and a current ratio of 3.58.

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.