Edgestream Partners L.P. Makes New $2.79 Million Investment in Diodes Incorporated (NASDAQ:DIOD)

Edgestream Partners L.P. purchased a new position in Diodes Incorporated (NASDAQ:DIOD - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 43,528 shares of the semiconductor company's stock, valued at approximately $2,790,000. Edgestream Partners L.P. owned approximately 0.09% of Diodes as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in shares of Diodes by 66.5% during the 2nd quarter. GAMMA Investing LLC now owns 453 shares of the semiconductor company's stock worth $33,000 after buying an additional 181 shares during the period. Truvestments Capital LLC acquired a new stake in shares of Diodes in the 3rd quarter valued at $29,000. Innealta Capital LLC bought a new stake in shares of Diodes in the 2nd quarter worth about $88,000. KBC Group NV increased its position in shares of Diodes by 33.9% during the 3rd quarter. KBC Group NV now owns 1,454 shares of the semiconductor company's stock worth $93,000 after purchasing an additional 368 shares in the last quarter. Finally, Hantz Financial Services Inc. bought a new position in Diodes during the 2nd quarter valued at about $147,000. Institutional investors own 99.23% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on DIOD. Truist Financial decreased 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. StockNews.com raised Diodes from a "sell" rating to a "hold" rating in a report on Monday, November 11th. Finally, Benchmark reduced their price objective on Diodes from $83.00 to $75.00 and set a "buy" rating on the stock in a research note on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, Diodes currently has a consensus rating of "Hold" and an average price target of $72.80.

Diodes Trading Up 1.6 %

Shares of DIOD stock traded up $1.01 on Monday, reaching $66.01. 373,917 shares of the stock were exchanged, compared to its average volume of 349,217. 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 one year low of $52.71 and a one year high of $86.74. The stock has a market cap of $3.06 billion, a PE ratio of 49.24 and a beta of 1.32. The stock has a 50 day moving average price of $61.98 and a 200 day moving average price of $67.84.

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.