Mutual of America Capital Management LLC Lowers Holdings in Diodes Incorporated (NASDAQ:DIOD)

Mutual of America Capital Management LLC lessened its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 8.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,969 shares of the semiconductor company’s stock after selling 612 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Diodes were worth $447,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Boston Partners bought a new stake in Diodes in the 1st quarter worth approximately $821,000. TD Asset Management Inc raised its position in shares of Diodes by 95.4% during the 2nd 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 lifted 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 acquiring an additional 141,610 shares during the last quarter. Tributary Capital Management LLC lifted its holdings in shares of Diodes by 9.5% in the 3rd quarter. Tributary Capital Management LLC now owns 291,037 shares of the semiconductor company’s stock valued at $18,653,000 after acquiring an additional 25,259 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in Diodes in the second quarter worth about $647,000. 99.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Truist Financial dropped their price objective on shares of Diodes from $69.00 to $62.00 and set a “hold” rating for the company in a research note on Friday, November 8th. StockNews.com raised shares of Diodes from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Benchmark reduced their price target on Diodes from $83.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, November 11th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Diodes has a consensus rating of “Hold” and a consensus price target of $72.80.

Insider Buying and Selling

In related news, SVP Emily Yang sold 1,000 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $70.48, for a total value of $70,480.00. Following the sale, the senior vice president now owns 59,820 shares in the company, valued at approximately $4,216,113.60. The trade was a 1.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.30% of the stock is currently owned by company insiders.

Diodes Price Performance

Shares of NASDAQ DIOD opened at $64.30 on Thursday. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 48.47 and a beta of 1.32. Diodes Incorporated has a 52 week low of $52.71 and a 52 week high of $86.74. The firm has a 50-day simple moving average of $61.72 and a 200-day simple moving average of $67.99. The company has a quick ratio of 2.21, a current ratio of 3.58 and a debt-to-equity ratio of 0.01.

Diodes 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.