Diodes (NASDAQ:DIOD) Stock Price Expected to Rise, Truist Financial Analyst Says

Diodes (NASDAQ:DIOD) had its price objective increased by Truist Financial from $51.00 to $54.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the semiconductor company’s stock. Truist Financial’s price target suggests a potential upside of 6.17% from the company’s previous close.

A number of other analysts also recently issued reports on DIOD. Zacks Research downgraded shares of Diodes from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. Wall Street Zen cut Diodes from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Diodes in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Diodes currently has a consensus rating of “Hold” and a consensus price target of $55.33.

Diodes Stock Up 1.7%

Diodes stock opened at $50.86 on Friday. The business’s 50-day moving average price is $50.35 and its 200 day moving average price is $51.96. The company has a quick ratio of 2.09, a current ratio of 3.32 and a debt-to-equity ratio of 0.01. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of 36.86 and a beta of 1.65. Diodes has a 52 week low of $32.93 and a 52 week high of $67.12.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings results on Tuesday, March 8th. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter. Diodes had a return on equity of 2.81% and a net margin of 4.49%.The company had revenue of $350.37 million during the quarter. As a group, sell-side analysts anticipate that Diodes will post 1.82 earnings per share for the current year.

Insider Activity at Diodes

In other news, Director Keh Shew Lu sold 6,000 shares of the stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $47.42, for a total value of $284,520.00. Following the completion of the sale, the director directly owned 244,397 shares in the company, valued at $11,589,305.74. This represents a 2.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is owned by company insiders.

Institutional Trading of Diodes

A number of hedge funds have recently bought and sold shares of the business. Arizona State Retirement System lifted its stake in Diodes by 1.4% during the third quarter. Arizona State Retirement System now owns 13,720 shares of the semiconductor company’s stock worth $730,000 after purchasing an additional 189 shares during the last quarter. Forum Financial Management LP raised its holdings in Diodes by 1.7% during the third quarter. Forum Financial Management LP now owns 11,880 shares of the semiconductor company’s stock worth $632,000 after purchasing an additional 204 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Diodes by 77.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock worth $25,000 after buying an additional 205 shares during the last quarter. Verdence Capital Advisors LLC lifted its position in shares of Diodes by 2.8% during the 2nd quarter. Verdence Capital Advisors LLC now owns 7,764 shares of the semiconductor company’s stock worth $411,000 after buying an additional 213 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Diodes by 2.8% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 8,533 shares of the semiconductor company’s stock valued at $454,000 after buying an additional 229 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.