HighTower Advisors LLC Lowers Position in Diodes Incorporated (NASDAQ:DIOD)

HighTower Advisors LLC reduced its stake in Diodes Incorporated (NASDAQ:DIOD) by 3.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,166 shares of the semiconductor company’s stock after selling 303 shares during the quarter. HighTower Advisors LLC’s holdings in Diodes were worth $523,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. TD Asset Management Inc boosted its stake in shares of Diodes by 95.4% in 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. Dimensional Fund Advisors LP increased its stake in shares of Diodes by 8.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,913,282 shares of the semiconductor company’s stock valued at $137,620,000 after buying an additional 141,610 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Diodes by 5.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 626,106 shares of the semiconductor company’s stock valued at $40,127,000 after acquiring an additional 31,089 shares in the last quarter. Tributary Capital Management LLC lifted its stake in Diodes by 9.5% in the third quarter. Tributary Capital Management LLC now owns 291,037 shares of the semiconductor company’s stock worth $18,653,000 after acquiring an additional 25,259 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in Diodes in the second quarter valued at $647,000. 99.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. StockNews.com upgraded shares of Diodes from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Benchmark reduced their target price on Diodes from $83.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, November 11th. Finally, Truist Financial lowered their target price on Diodes from $69.00 to $62.00 and set a “hold” rating for the company in a research note on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $72.80.

Diodes Stock Down 1.2 %

DIOD stock opened at $61.56 on Friday. The firm has a market cap of $2.85 billion, a PE ratio of 46.64 and a beta of 1.34. 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 business has a 50 day moving average of $62.09 and a 200 day moving average of $66.93. Diodes Incorporated has a twelve month low of $52.71 and a twelve month high of $86.74.

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.