Diodes (NASDAQ:DIOD) Upgraded by StockNews.com to Hold Rating

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

Other analysts also recently issued research reports about the company. Truist Financial decreased their target price on Diodes from $69.00 to $62.00 and set a “hold” rating for the company in a research note on Friday, November 8th. Benchmark cut their price target on Diodes from $83.00 to $75.00 and set a “buy” rating for the company in a report on Monday. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $72.80.

Diodes Stock Down 4.1 %

Shares of DIOD stock opened at $56.33 on Monday. The stock’s 50 day simple moving average is $62.23 and its 200 day simple moving average is $68.98. Diodes has a twelve month low of $56.29 and a twelve month 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 $2.61 billion, a price-to-earnings ratio of 42.67 and a beta of 1.32.

Insider Buying and Selling

In other news, SVP Emily Yang sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $70.48, for a total value of $70,480.00. Following the sale, the senior vice president now directly owns 59,820 shares in the company, valued at approximately $4,216,113.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Diodes news, SVP Emily Yang sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $70.48, for a total value of $70,480.00. Following the completion of the sale, the senior vice president now owns 59,820 shares in the company, valued at approximately $4,216,113.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Keh Shew Lu sold 20,010 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $67.25, for a total transaction of $1,345,672.50. Following the transaction, the chief executive officer now owns 246,492 shares in the company, valued at $16,576,587. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,182 shares of company stock valued at $1,640,921 over the last quarter. Corporate insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Diodes

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its position in Diodes by 77.0% in the first quarter. Janney Montgomery Scott LLC now owns 8,227 shares of the semiconductor company’s stock worth $580,000 after purchasing an additional 3,580 shares during the period. Texas Permanent School Fund Corp raised its stake in shares of Diodes by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 40,206 shares of the semiconductor company’s stock worth $2,835,000 after buying an additional 522 shares during the last quarter. SG Americas Securities LLC acquired a new position in Diodes in the first quarter valued at approximately $183,000. Inspire Investing LLC boosted its stake in Diodes by 7.9% in the first quarter. Inspire Investing LLC now owns 5,118 shares of the semiconductor company’s stock valued at $361,000 after acquiring an additional 375 shares during the last quarter. Finally, ProShare Advisors LLC grew its holdings in Diodes by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 9,126 shares of the semiconductor company’s stock worth $643,000 after acquiring an additional 627 shares during the period. 99.23% of the stock is owned by institutional investors and hedge funds.

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.