Diodes Incorporated (NASDAQ:DIOD) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its stake in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) by 114.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,665 shares of the semiconductor company's stock after acquiring an additional 25,969 shares during the quarter. BNP Paribas Financial Markets owned about 0.11% of Diodes worth $3,119,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DIOD. GAMMA Investing LLC boosted its position in shares of Diodes by 66.5% in the 2nd quarter. GAMMA Investing LLC now owns 453 shares of the semiconductor company's stock valued at $33,000 after purchasing an additional 181 shares during the period. SummerHaven Investment Management LLC increased its holdings in shares of Diodes by 2.7% in the 2nd quarter. SummerHaven Investment Management LLC now owns 8,101 shares of the semiconductor company's stock valued at $583,000 after acquiring an additional 210 shares during the period. Arizona State Retirement System raised its position in 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 last quarter. Azzad Asset Management Inc. ADV raised its position in Diodes by 2.5% in the 2nd quarter. Azzad Asset Management Inc. ADV now owns 10,115 shares of the semiconductor company's stock valued at $728,000 after purchasing an additional 250 shares during the last quarter. Finally, Oak Associates Ltd. OH boosted its stake in Diodes by 0.5% during the 2nd quarter. Oak Associates Ltd. OH now owns 54,757 shares of the semiconductor company's stock worth $3,939,000 after purchasing an additional 284 shares during the period. 99.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on DIOD shares. Truist Financial reduced their target price on shares of Diodes from $69.00 to $62.00 and set a "hold" rating for the company in a report on Friday, November 8th. StockNews.com raised Diodes from a "sell" rating to a "hold" rating in a research note on Monday, November 11th. Finally, Benchmark decreased their price objective on Diodes from $83.00 to $75.00 and set a "buy" rating for the company 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 company. Based on data from MarketBeat, Diodes has a consensus rating of "Hold" and a consensus price target of $72.80.

Diodes Stock Performance

Shares of Diodes stock traded up $1.82 on Friday, reaching $60.78. 250,579 shares of the stock were exchanged, compared to its average volume of 348,483. The firm has a market capitalization of $2.82 billion, a PE ratio of 46.00 and a beta of 1.34. Diodes Incorporated has a 1-year low of $52.71 and a 1-year high of $86.74. The business has a fifty day moving average price of $62.18 and a two-hundred day moving average price of $67.62. The company has a current ratio of 3.58, a quick ratio of 2.21 and a debt-to-equity ratio of 0.01.

About Diodes

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.