MML Investors Services LLC Has $250,000 Position in Diodes Incorporated (NASDAQ:DIOD)

MML Investors Services LLC trimmed its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 19.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,896 shares of the semiconductor company’s stock after selling 952 shares during the period. MML Investors Services LLC’s holdings in Diodes were worth $250,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Victory Capital Management Inc. raised its holdings in Diodes by 130.9% during the third quarter. Victory Capital Management Inc. now owns 1,744,135 shares of the semiconductor company’s stock worth $111,782,000 after acquiring an additional 988,671 shares in the last quarter. FMR LLC raised its stake in shares of Diodes by 19.6% during the 3rd quarter. FMR LLC now owns 5,785,134 shares of the semiconductor company’s stock worth $370,769,000 after purchasing an additional 947,118 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Diodes by 8.0% in the 2nd 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 last quarter. Bank of New York Mellon Corp grew its stake in shares of Diodes by 27.2% in the second quarter. Bank of New York Mellon Corp now owns 604,153 shares of the semiconductor company’s stock valued at $43,457,000 after buying an additional 129,195 shares in the last quarter. Finally, Cinctive Capital Management LP acquired a new position in Diodes during the third quarter worth $7,791,000. Institutional investors own 99.23% of the company’s stock.

Diodes Stock Performance

Shares of DIOD stock opened at $63.50 on Thursday. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 48.11 and a beta of 1.34. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.21 and a current ratio of 3.58. Diodes Incorporated has a 52 week low of $52.71 and a 52 week high of $86.74. The company has a 50-day simple moving average of $61.96 and a 200 day simple moving average of $66.59.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. StockNews.com upgraded shares of Diodes from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Truist Financial reduced their price target on Diodes from $69.00 to $62.00 and set a “hold” rating for the company in a report on Friday, November 8th. Finally, Benchmark cut their price objective on Diodes from $83.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, November 11th. Four 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, Diodes currently has an average rating of “Hold” and a consensus target price of $72.80.

Diodes Company Profile

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.