Thrivent Financial for Lutherans cut its stake in shares of Diodes Incorporated (NASDAQ:DIOD – Free Report) by 5.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,384 shares of the semiconductor company’s stock after selling 1,905 shares during the quarter. Thrivent Financial for Lutherans owned 0.08% of Diodes worth $2,332,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Boston Partners acquired a new stake in Diodes in the first quarter valued at $821,000. TD Asset Management Inc increased its position in shares of Diodes by 95.4% in the second quarter. TD Asset Management Inc now owns 34,000 shares of the semiconductor company’s stock valued at $2,446,000 after buying an additional 16,600 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Diodes by 8.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,913,282 shares of the semiconductor company’s stock worth $137,620,000 after purchasing an additional 141,610 shares in the last quarter. Tributary Capital Management LLC increased its position in Diodes by 9.5% during the 3rd quarter. Tributary Capital Management LLC now owns 291,037 shares of the semiconductor company’s stock worth $18,653,000 after purchasing an additional 25,259 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in Diodes during the 2nd quarter worth about $647,000. 99.23% of the stock is owned by institutional investors and hedge funds.
Diodes Price Performance
Shares of DIOD opened at $64.30 on Thursday. The company has a market cap of $2.98 billion, a P/E ratio of 48.71 and a beta of 1.32. The stock has a fifty day moving average price of $61.72 and a 200 day moving average price of $67.99. 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 12 month low of $52.71 and a 12 month high of $86.74.
Insider Buying and Selling
Analyst Upgrades and Downgrades
Several analysts have commented on the company. Benchmark lowered their price target on Diodes from $83.00 to $75.00 and set a “buy” rating for the company in a report on Monday, November 11th. StockNews.com raised Diodes from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Finally, Truist Financial dropped their price objective on Diodes from $69.00 to $62.00 and set a “hold” rating on the stock in a report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $72.80.
Get Our Latest Stock Report on Diodes
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.
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