Diodes Incorporated (NASDAQ:DIOD) Shares Bought by Barclays PLC

Barclays PLC lifted its holdings in Diodes Incorporated (NASDAQ:DIOD - Free Report) by 361.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 79,799 shares of the semiconductor company's stock after purchasing an additional 62,492 shares during the period. Barclays PLC owned approximately 0.17% of Diodes worth $5,114,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. TD Asset Management Inc grew its stake 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 worth $2,446,000 after acquiring an additional 16,600 shares in the last quarter. Dimensional Fund Advisors LP grew its stake 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. Charles Schwab Investment Management Inc. increased its holdings in Diodes by 5.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 626,106 shares of the semiconductor company's stock worth $40,127,000 after purchasing an additional 31,089 shares during the period. Tributary Capital Management LLC raised its position in 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 purchasing an additional 25,259 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of Diodes in the 2nd quarter valued at about $647,000. 99.23% of the stock is owned by hedge funds and other institutional investors.

Diodes Stock Down 1.2 %

Shares of NASDAQ:DIOD traded down $0.74 during trading on Friday, hitting $61.56. 1,308,559 shares of the company were exchanged, compared to its average volume of 353,901. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.58 and a quick ratio of 2.21. The firm's 50 day moving average price is $62.03 and its 200-day moving average price is $66.84. The stock has a market capitalization of $2.85 billion, a P/E ratio of 46.64 and a beta of 1.34. Diodes Incorporated has a 12-month low of $52.71 and a 12-month high of $86.74.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on DIOD shares. StockNews.com upgraded shares of Diodes from a "sell" rating to a "hold" rating in a research note on Monday, November 11th. Benchmark dropped their price objective on shares of Diodes from $83.00 to $75.00 and set a "buy" rating on the stock in a research report on Monday, November 11th. Finally, Truist Financial decreased their price objective 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. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Diodes has a consensus rating of "Hold" and a consensus 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.