Fmr LLC Grows Stock Holdings in Diodes Incorporated (NASDAQ:DIOD)

FMR LLC lifted its stake in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) by 19.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,785,134 shares of the semiconductor company's stock after purchasing an additional 947,118 shares during the period. FMR LLC owned 12.49% of Diodes worth $370,769,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of DIOD. GAMMA Investing LLC increased its position in Diodes by 66.5% in the second 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 last quarter. SummerHaven Investment Management LLC raised its stake in 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 lifted its holdings in Diodes by 1.9% during the second 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 lifted its holdings in Diodes by 2.5% during the second 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 position in Diodes by 0.5% during the second 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. Institutional investors own 99.23% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Truist Financial lowered their price target on shares of Diodes from $69.00 to $62.00 and set a "hold" rating on the stock in a research report on Friday, November 8th. Benchmark lowered their target price on shares of Diodes from $83.00 to $75.00 and set a "buy" rating on the stock in a report on Monday, November 11th. Finally, StockNews.com raised Diodes from a "sell" rating to a "hold" rating in a report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $72.80.

Diodes Price Performance

Shares of DIOD stock traded up $0.70 on Friday, reaching $65.00. The company's stock had a trading volume of 225,731 shares, compared to its average volume of 390,291. The company has a market capitalization of $3.01 billion, a P/E ratio of 49.24 and a beta of 1.32. Diodes Incorporated has a 12-month low of $52.71 and a 12-month high of $86.74. The stock's 50 day simple moving average is $61.98 and its 200-day simple moving average is $67.87. 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.