Diodes (NASDAQ:DIOD) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Diodes (NASDAQ:DIOD) from a sell rating to a hold rating in a research note published on Monday.

DIOD has been the subject of a number of other research reports. Truist Financial reduced their price objective on Diodes from $69.00 to $62.00 and set a “hold” rating for the company in a research report on Friday, November 8th. Benchmark reduced their target price on shares of Diodes from $83.00 to $75.00 and set a “buy” rating for the company in a report on Monday. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $72.80.

Diodes Stock Performance

Shares of DIOD stock opened at $55.01 on Monday. 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 company has a 50 day moving average price of $62.07 and a 200-day moving average price of $68.89. Diodes has a 52 week low of $53.97 and a 52 week high of $86.74. The firm has a market capitalization of $2.55 billion, a PE ratio of 41.67 and a beta of 1.32.

Insider Buying and Selling

In other news, CFO Brett R. Whitmire sold 1,900 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $69.99, for a total value of $132,981.00. Following the completion of the sale, the chief financial officer now directly owns 46,365 shares of the company’s stock, valued at $3,245,086.35. This represents a 3.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Keh Shew Lu sold 20,010 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $67.25, for a total transaction of $1,345,672.50. Following the sale, the chief executive officer now owns 246,492 shares in the company, valued at $16,576,587. The trade was a 7.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,182 shares of company stock valued at $1,640,921. 2.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Diodes

A number of hedge funds have recently made changes to their positions in DIOD. Victory Capital Management Inc. lifted its holdings in Diodes by 130.9% in the 3rd quarter. Victory Capital Management Inc. now owns 1,744,135 shares of the semiconductor company’s stock worth $111,782,000 after purchasing an additional 988,671 shares in the last quarter. FMR LLC lifted its holdings in shares of Diodes by 19.6% in the third quarter. FMR LLC now owns 5,785,134 shares of the semiconductor company’s stock worth $370,769,000 after buying an additional 947,118 shares in the last quarter. Earnest Partners LLC lifted its holdings in shares of Diodes by 12.5% in the first quarter. Earnest Partners LLC now owns 2,534,798 shares of the semiconductor company’s stock worth $178,703,000 after buying an additional 282,089 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Diodes by 8.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,913,282 shares of the semiconductor company’s stock valued at $137,620,000 after acquiring an additional 141,610 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Diodes by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 5,782,828 shares of the semiconductor company’s stock valued at $407,689,000 after acquiring an additional 132,101 shares during the last quarter. Institutional investors own 99.23% of the company’s stock.

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.