Fintel reports that on August 9, 2023, Benchmark maintained coverage of Diodes (NASDAQ:DIOD) with a Buy recommendation.
Analyst Price Forecast Suggests 31.49% Upside
As of August 2, 2023, the average one-year price target for Diodes is 106.69. The forecasts range from a low of 85.85 to a high of $126.00. The average price target represents an increase of 31.49% from its latest reported closing price of 81.14.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Diodes is 2,011MM, an increase of 3.03%. The projected annual non-GAAP EPS is 6.68.
What is the Fund Sentiment?
There are 742 funds or institutions reporting positions in Diodes. This is a decrease of 3 owner(s) or 0.40% in the last quarter. Average portfolio weight of all funds dedicated to DIOD is 0.26%, a decrease of 7.83%. Total shares owned by institutions decreased in the last three months by 1.86% to 52,365K shares. 
The put/call ratio of DIOD is 0.32, indicating a bullish outlook.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 3,314K shares representing 7.25% ownership of the company. In it's prior filing, the firm reported owning 3,369K shares, representing a decrease of 1.68%. The firm increased its portfolio allocation in DIOD by 16.42% over the last quarter.
Earnest Partners holds 2,087K shares representing 4.56% ownership of the company. In it's prior filing, the firm reported owning 2,617K shares, representing a decrease of 25.40%. The firm decreased its portfolio allocation in DIOD by 23.15% over the last quarter.
Lsv Asset Management holds 1,864K shares representing 4.08% ownership of the company. In it's prior filing, the firm reported owning 1,881K shares, representing a decrease of 0.89%. The firm decreased its portfolio allocation in DIOD by 2.84% over the last quarter.
Bank Of America holds 1,576K shares representing 3.45% ownership of the company. In it's prior filing, the firm reported owning 1,559K shares, representing an increase of 1.11%. The firm increased its portfolio allocation in DIOD by 11.09% over the last quarter.
Invesco holds 1,514K shares representing 3.31% ownership of the company. In it's prior filing, the firm reported owning 1,129K shares, representing an increase of 25.42%. The firm increased its portfolio allocation in DIOD by 55.57% over the last quarter.
Diodes Background Information
(This description is provided by the company.)
Diodes Incorporated, a Standard and Poor's SmallCap 600 and Russell 3000 Index company, delivers high-quality semiconductor products to the world's leading companies in the consumer electronics, computing, communications, industrial, and automotive markets. Diodes Incorporated leverages its expanded product portfolio of discrete, analog, and mixed-signal products and leading-edge packaging technology to meet customers' needs. Its broad range of application-specific solutions and solutions-focused sales, coupled with worldwide operations of 31 sites, including engineering, testing, manufacturing, and customer service, enables us to be a premier provider for high-volume, high-growth markets.
Additional reading:
- Diodes Incorporated Reports Second Quarter Fiscal 2023 Financial Results Record Automotive and Industrial Product Revenue Drives Record Gross Margin
- About Diodes Incorporated Vision: Profitability Growth to Maximize Shareholder Value Our Core Values: Integrity, Commitment, Innovation Diodes delivers high-quality (analog, discrete, and mixed signal) semiconductor products to the world’s leading co
- Management Representative Dr. Keh-Shew Lu Chairman, President and CEO Experience: President & CEO, Diodes Incorporated Since 2005 Texas Instruments 27 years Senior Vice President of TI Worldwide Analog and Logic President of Texas Instruments – Asia
- Diodes Incorporated to Announce Second Quarter 2023 Financial Results on August 8
- third AMENDED AND RESTATED CREDIT AGREEMENT Dated as of May 26, 2023 DIODES INCORPORATED, as the Domestic Borrower, DIODES HOLDINGS UK LIMITED, as the Foreign Borrower, DIODES ZETEX LIMITED and Diodes US Manufacturing Incorporated as Guarantors, BANK
This story originally appeared on Fintel.
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