Signal price

Diodes (NASDAQ:DIOD) Receives New Price Target of $75.00 at Wells Fargo & Company

Diodes (NASDAQ: DIOD – Get an Assessment) had its price target raised by Wells Fargo & Company equity researchers from $70.00 to $75.00 in a research report released Tuesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the semiconductor company’s stock. Wells Fargo & Company’s target price would indicate a potential upside of 2.84% from the stock’s previous close.

Several other research analysts also weighed in on DIOD. Cowen raised his price target on Diodes to $95.00 in a Tuesday, August 9 report. StockNews.com upgraded Diodes from a “hold” rating to a “buy” rating in a report on Monday. Benchmark reduced its target price on Diodes from $105.00 to $90.00 in a report released on Tuesday. Finally, Robert W. Baird cut his price target on diodes from $130.00 to $100.00 in a report on Tuesday.

Diode Stock Performance

DIOD stock opened at $72.93 on Tuesday. The company’s 50-day moving average price is $68.94 and its two-hundred-day moving average price is $71.83. The company has a current ratio of 2.43, a quick ratio of 1.69 and a debt ratio of 0.16. The company has a market capitalization of $3.32 billion, a PE ratio of 11.63 and a beta of 1.29. Diodes has a 1-year low of $58.52 and a 1-year high of $113.98.

Insider activity at Diodes

In related news, CEO Keh Shew Lu sold 3,000 shares of Diodes in a trade dated Tuesday, August 16. The stock was sold at an average price of $83.11, for a total value of $249,330.00. Following the sale, the CEO now owns 75,183 shares of the company, valued at $6,248,459.13. The transaction was disclosed in a document filed with the SEC, which is available via this hyperlink. 2.60% of the shares are held by insiders of the company.

Institutional Diode Trade

A number of hedge funds and other institutional investors have recently changed their holdings in DIOD. LSV Asset Management increased its position in Diodes by 5.4% during the third quarter. LSV Asset Management now owns 2,001,312 shares of the semiconductor company worth $129,905,000 after buying an additional 103,006 shares in the last quarter. Inspire Advisors LLC acquired a new position in Diodes during the third quarter worth approximately $274,000. TD Asset Management Inc. acquired a new position in Diodes during the third quarter worth approximately $362,000. Profund Advisors LLC acquired a new position in Diodes during the third quarter worth approximately $203,000. Finally, CX Institutional increased its position in Diodes by 79.9% during the third quarter. CX Institutional now owns 16,669 shares of the semiconductor company worth $1,082,000 after buying an additional 7,405 shares in the last quarter. Institutional investors and hedge funds hold 95.57% of the company’s shares.

About diodes

(Get a rating)

Diodes Incorporated designs, manufactures and supplies standard products specific to applications in the global discrete, logic, analog and mixed-signal semiconductor markets. It focuses on low pin count semiconductor devices with one or more active or passive components. The company offers discrete semiconductor products, such as MOSFETs, TVS, and high-performance Schottky rectifiers; GPP bridges and retifiers and high-performance Schottky diodes; Zener diodes and Zener performance including tight tolerance and low operating current type; standard, fast, super-fast and super-fast recovery straighteners; bridge rectifiers; switching diodes; small-signal bipolar and prepolarized transistors; thyristor surge protection devices; and transient voltage suppressors.

Further reading

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