Stifel Financial Corp Has $282,000 Stock Holdings in Diodes Incorporated (NASDAQ:DIOD)

Stifel Financial Corp cut its holdings in Diodes Incorporated (NASDAQ:DIOD) by 40.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,399 shares of the semiconductor company’s stock after selling 3,012 shares during the period. Stifel Financial Corp’s holdings in Diodes were worth $282,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Arizona State Retirement System grew its stake in shares of Diodes by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 12,861 shares of the semiconductor company’s stock valued at $925,000 after purchasing an additional 236 shares during the period. Oak Associates Ltd. OH lifted its holdings in Diodes by 0.5% in the second quarter. Oak Associates Ltd. OH now owns 54,757 shares of the semiconductor company’s stock valued at $3,939,000 after buying an additional 284 shares during the period. GAMMA Investing LLC boosted its position in shares of Diodes by 68.9% in the 3rd quarter. GAMMA Investing LLC now owns 765 shares of the semiconductor company’s stock worth $49,000 after purchasing an additional 312 shares during the last quarter. KBC Group NV boosted its holdings in Diodes by 33.9% during the third quarter. KBC Group NV now owns 1,454 shares of the semiconductor company’s stock worth $93,000 after buying an additional 368 shares during the last quarter. Finally, Truvestments Capital LLC bought a new position in Diodes during the 3rd quarter worth approximately $29,000. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on DIOD shares. 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. Truist Financial decreased their target price on shares of Diodes from $69.00 to $62.00 and set a “hold” rating for the company in a research report on Friday, November 8th. Finally, StockNews.com raised Diodes from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Diodes has an average rating of “Hold” and an average price target of $72.80.

Diodes Price Performance

NASDAQ:DIOD opened at $64.05 on Monday. The company has a market cap of $2.97 billion, a P/E ratio of 48.52 and a beta of 1.34. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.58 and a quick ratio of 2.21. Diodes Incorporated has a one year low of $52.71 and a one year high of $86.74. The firm’s fifty day moving average price is $61.96 and its two-hundred day moving average price is $66.49.

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.