Diodes (NASDAQ:DIOD) PT Lowered to $70.00 at Wells Fargo & Company

Diodes (NASDAQ:DIODGet Free Report) had its price target decreased by analysts at Wells Fargo & Company from $80.00 to $70.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the semiconductor company’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 1.83% from the company’s previous close.

DIOD has been the topic of several other reports. Benchmark dropped their target price on Diodes from $95.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, November 9th. TheStreet cut Diodes from a “b-” rating to a “c+” rating in a research report on Friday, December 1st. StockNews.com cut Diodes from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. Truist Financial cut Diodes from a “buy” rating to a “hold” rating and raised their target price for the stock from $72.00 to $78.00 in a research report on Friday, January 5th. Finally, Robert W. Baird cut Diodes from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $120.00 to $70.00 in a research report on Tuesday, October 31st. Four equities research 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, the company has an average rating of “Hold” and an average target price of $72.40.

Get Our Latest Analysis on Diodes

Diodes Price Performance

NASDAQ DIOD opened at $68.74 on Wednesday. Diodes has a one year low of $60.00 and a one year high of $97.45. The stock has a 50-day moving average of $73.24 and a 200 day moving average of $75.75. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 14.00 and a beta of 1.49. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.02 and a current ratio of 2.85.

Diodes (NASDAQ:DIODGet Free Report) last released its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.47 by $0.04. Diodes had a return on equity of 12.96% and a net margin of 13.67%. The company had revenue of $322.70 million during the quarter, compared to the consensus estimate of $324.76 million. During the same period last year, the company earned $1.73 EPS. Diodes’s revenue for the quarter was down 35.0% on a year-over-year basis. On average, sell-side analysts forecast that Diodes will post 3.8 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its stake in Diodes by 23.0% in the 1st quarter. JPMorgan Chase & Co. now owns 117,862 shares of the semiconductor company’s stock worth $10,252,000 after acquiring an additional 22,056 shares during the last quarter. Raymond James & Associates increased its stake in Diodes by 111.4% in the 1st quarter. Raymond James & Associates now owns 8,385 shares of the semiconductor company’s stock worth $729,000 after acquiring an additional 4,419 shares during the last quarter. Citigroup Inc. increased its stake in Diodes by 11.6% in the 1st quarter. Citigroup Inc. now owns 48,254 shares of the semiconductor company’s stock worth $4,198,000 after acquiring an additional 5,012 shares during the last quarter. MetLife Investment Management LLC increased its stake in Diodes by 55.6% in the 1st quarter. MetLife Investment Management LLC now owns 22,875 shares of the semiconductor company’s stock worth $1,990,000 after acquiring an additional 8,174 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in Diodes by 4.9% in the 1st quarter. Rhumbline Advisers now owns 111,144 shares of the semiconductor company’s stock worth $9,668,000 after acquiring an additional 5,201 shares during the last quarter. 94.82% of the stock is owned by hedge funds and other institutional investors.

About Diodes

(Get Free Report)

Diodes Incorporated engages in the manufacture and supply of application-specific standard products in the broad discrete, logic, analog, and mixed-signal semiconductor markets worldwide. The company offers discrete semiconductor products, such as MOSFET, TVS, and performance Schottky rectifiers; GPP bridges and rectifiers, and performance Schottky diodes; performance Zener diodes, including tight tolerance and low operating current type; standard, fast, super-fast, and ultra-fast recovery rectifiers; bridge rectifiers; switching diodes; small signal bipolar and prebiased transistors; thyristor surge protection devices; and transient voltage suppressors.

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Analyst Recommendations for Diodes (NASDAQ:DIOD)

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