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

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

Several other brokerages have also issued reports on DIOD. Truist Financial cut their price target on Diodes from $69.00 to $62.00 and set a “hold” rating on the stock in a report on Friday. Benchmark reduced their price objective on shares of 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat, Diodes presently has an average rating of “Hold” and an average target price of $72.80.

Diodes Trading Down 3.9 %

NASDAQ DIOD opened at $61.75 on Monday. The stock has a market capitalization of $2.86 billion, a P/E ratio of 46.78 and a beta of 1.32. Diodes has a one year low of $58.44 and a one year high of $86.74. The business has a 50 day simple moving average of $62.45 and a 200 day simple moving average of $69.17. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.38 and a quick ratio of 2.10.

Insider Buying and Selling

In other Diodes news, CEO Keh Shew Lu sold 20,010 shares of Diodes stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $67.25, for a total value of $1,345,672.50. Following the sale, the chief executive officer now owns 246,492 shares of the company’s stock, valued at approximately $16,576,587. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Brett R. Whitmire sold 1,900 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 46,365 shares of the company’s stock, valued at approximately $3,245,086.35. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Keh Shew Lu sold 20,010 shares of the business’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 directly owns 246,492 shares in the company, valued at $16,576,587. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,182 shares of company stock valued at $1,640,921. 2.30% of the stock is owned by insiders.

Institutional Trading of Diodes

A number of hedge funds and other institutional investors have recently made changes to their positions in DIOD. Vanguard Group Inc. boosted its stake in Diodes by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 5,782,828 shares of the semiconductor company’s stock worth $407,689,000 after purchasing an additional 132,101 shares during the period. Earnest Partners LLC boosted its position in shares of Diodes by 1.4% in the second quarter. Earnest Partners LLC now owns 2,571,188 shares of the semiconductor company’s stock valued at $184,946,000 after acquiring an additional 36,390 shares during the period. 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. Victory Capital Management Inc. increased its holdings in Diodes by 130.9% during the 3rd quarter. Victory Capital Management Inc. now owns 1,744,135 shares of the semiconductor company’s stock worth $111,782,000 after acquiring an additional 988,671 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC lifted its stake in Diodes by 0.5% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 851,242 shares of the semiconductor company’s stock worth $61,230,000 after purchasing an additional 4,615 shares in the last quarter. 99.23% of the stock is currently owned by institutional investors.

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.