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

Diodes (NASDAQ:DIOD) had its price objective cut by Truist Financial from $63.00 to $53.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a hold rating on the semiconductor company’s stock.

Other equities analysts have also recently issued research reports about the company. Benchmark dropped their price target on Diodes from $74.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday. StockNews.com upgraded Diodes from a “sell” rating to a “hold” rating in a research report on Monday, November 11th.

Diodes Stock Up 0.8 %

Diodes stock opened at $53.47 on Wednesday. Diodes has a fifty-two week low of $50.26 and a fifty-two week high of $86.74. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.21 and a current ratio of 3.58. The company has a market capitalization of $2.48 billion, a P/E ratio of 40.51 and a beta of 1.31. The stock has a 50-day simple moving average of $60.68 and a 200-day simple moving average of $62.42.

Diodes (NASDAQ:DIOD) last posted 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%. Equities research analysts expect that Diodes will post 1.35 earnings per share 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 that occurred on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total transaction of $162,516.00. Following the transaction, the president now owns 79,697 shares in the company, valued at approximately $4,466,219.88. The trade was a 3.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Brett R. Whitmire sold 830 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total value of $46,513.20. Following the transaction, the chief financial officer now owns 51,525 shares in the company, valued at $2,887,461. The trade was a 1.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,680 shares of company stock worth $262,267 in the last quarter. Company insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Diodes

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Truvestments Capital LLC acquired a new position in Diodes during the 3rd quarter worth approximately $29,000. Smartleaf Asset Management LLC grew its holdings in shares of Diodes by 198.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 522 shares during the period. GAMMA Investing LLC grew its holdings in shares of Diodes by 68.9% in the 3rd quarter. GAMMA Investing LLC now owns 765 shares of the semiconductor company’s stock worth $49,000 after acquiring an additional 312 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Diodes in the 4th quarter worth approximately $79,000. Finally, Sterling Capital Management LLC grew its holdings in shares of Diodes by 789.7% in the 4th quarter. Sterling Capital Management LLC now owns 1,290 shares of the semiconductor company’s stock worth $80,000 after acquiring an additional 1,145 shares during the period. 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.