Diodes Incorporated (NASDAQ:DIOD) Given Consensus Rating of “Hold” by Analysts

Diodes Incorporated (NASDAQ:DIOD) has received an average recommendation of “Hold” from the five ratings firms that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $72.80.

Several research analysts have recently issued reports on DIOD shares. Truist Financial lowered their price target on shares of Diodes from $69.00 to $62.00 and set a “hold” rating for the company in a report on Friday, November 8th. StockNews.com upgraded Diodes from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Finally, Benchmark reduced their price target on shares of Diodes from $83.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, November 11th.

Diodes Stock Performance

Shares of NASDAQ:DIOD opened at $59.33 on Tuesday. 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 firm has a market cap of $2.75 billion, a PE ratio of 44.95 and a beta of 1.32. The company’s 50 day moving average price is $62.06 and its two-hundred day moving average price is $65.72. Diodes has a 12-month low of $52.71 and a 12-month high of $86.74.

Hedge Funds Weigh In On Diodes

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DIOD. Rhumbline Advisers raised its stake in shares of Diodes by 2.4% during the second quarter. Rhumbline Advisers now owns 136,255 shares of the semiconductor company’s stock worth $9,801,000 after acquiring an additional 3,198 shares in the last quarter. TD Asset Management Inc boosted its stake in shares of Diodes by 95.4% during the 2nd quarter. TD Asset Management Inc now owns 34,000 shares of the semiconductor company’s stock valued at $2,446,000 after purchasing an additional 16,600 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Diodes by 7.0% in the 2nd quarter. Victory Capital Management Inc. now owns 755,464 shares of the semiconductor company’s stock worth $54,341,000 after acquiring an additional 49,284 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Diodes by 1.9% during the second quarter. Arizona State Retirement System now owns 12,861 shares of the semiconductor company’s stock valued at $925,000 after purchasing an additional 236 shares in the last quarter. Finally, Choreo LLC bought a new stake in Diodes in the second quarter worth $593,000. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

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.