Intech Investment Management LLC Invests $751,000 in Diodes Incorporated (NASDAQ:DIOD)

Intech Investment Management LLC bought a new position in shares of Diodes Incorporated (NASDAQ:DIOD) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,719 shares of the semiconductor company’s stock, valued at approximately $751,000.

Other hedge funds have also added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its stake in shares of Diodes by 130.9% during the 3rd quarter. Victory Capital Management Inc. now owns 1,744,135 shares of the semiconductor company’s stock worth $111,782,000 after buying an additional 988,671 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in 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 purchasing an additional 141,610 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Diodes by 27.2% during 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 purchasing an additional 129,195 shares during the last quarter. Sei Investments Co. grew its stake in Diodes by 5.7% in the second quarter. Sei Investments Co. now owns 783,448 shares of the semiconductor company’s stock valued at $56,353,000 after purchasing an additional 42,192 shares in the last quarter. Finally, Earnest Partners LLC increased its position in shares of Diodes by 1.4% during the 2nd quarter. Earnest Partners LLC now owns 2,571,188 shares of the semiconductor company’s stock worth $184,946,000 after purchasing an additional 36,390 shares during the last quarter. Institutional investors own 99.23% of the company’s stock.

Diodes Stock Up 1.1 %

DIOD opened at $65.00 on Friday. The company has a current ratio of 3.58, a quick ratio of 2.21 and a debt-to-equity ratio of 0.01. The stock’s fifty day simple moving average is $61.89 and its 200 day simple moving average is $67.94. Diodes Incorporated has a 1-year low of $52.71 and a 1-year high of $86.74. The stock has a market cap of $3.01 billion, a PE ratio of 49.19 and a beta of 1.32.

Wall Street Analyst Weigh In

DIOD has been the subject of several recent analyst reports. StockNews.com raised Diodes from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Benchmark cut their price target on shares of Diodes from $83.00 to $75.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Finally, Truist Financial lowered their price objective on shares of Diodes from $69.00 to $62.00 and set a “hold” rating on the stock in a research note on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $72.80.

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.