Truist Securities Maintains Buy Rating for Diodes: Here's What You Need To Know

Truist Securities has decided to maintain its Buy rating of Diodes DIOD and lower its price target from $94.00 to $93.00.

Shares of Diodes are trading down 0.56% over the last 24 hours, at $79.56 per share.

A move to $93.00 would account for a 16.9% increase from the current share price.

About Diodes

Diodes Inc is a manufacturer and supplier of high-quality application-specific products within the broad discrete, logic, analog, and mixed-signal semiconductor markets. It serves the customer electronics, computing, communications, industrial, and automotive markets. The Company's products include diodes; rectifiers; transistors; MOSFETs; GPP bridges; GPP rectifiers; protection devices; function-specific arrays; single gate logic; amplifiers and comparators; Hall-effect and temperature sensors; and power management devices, including LED drivers, AC-DC converters and controllers, DC-DC switching and linear voltage regulators, voltage references along with special-function devices, such as USB power switches, load switches, voltage supervisors, and motor controllers.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.