Geode Capital Management LLC Buys 43,841 Shares of Diodes Incorporated (NASDAQ:DIOD)

Geode Capital Management LLC grew its holdings in Diodes Incorporated (NASDAQ:DIOD - Free Report) by 3.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,266,052 shares of the semiconductor company's stock after acquiring an additional 43,841 shares during the quarter. Geode Capital Management LLC owned 2.73% of Diodes worth $81,154,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Truvestments Capital LLC bought a new stake in shares of Diodes during the 3rd quarter valued at approximately $29,000. GAMMA Investing LLC grew its stake in shares of Diodes by 68.9% in the 3rd quarter. GAMMA Investing LLC now owns 765 shares of the semiconductor company's stock valued at $49,000 after buying an additional 312 shares during the period. Innealta Capital LLC acquired a new position in shares of Diodes during the second quarter valued at about $88,000. KBC Group NV raised its stake in shares of Diodes by 33.9% in the third quarter. KBC Group NV now owns 1,454 shares of the semiconductor company's stock worth $93,000 after purchasing an additional 368 shares during the last quarter. Finally, Hantz Financial Services Inc. purchased a new stake in Diodes in the 2nd quarter valued at $147,000. 99.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Diodes Stock Performance

Diodes stock traded down $0.74 during midday trading on Friday, reaching $61.56. The stock had a trading volume of 1,308,559 shares, compared to its average volume of 353,901. The firm has a market capitalization of $2.85 billion, a PE 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. The company has a quick ratio of 2.21, a current ratio of 3.58 and a debt-to-equity ratio of 0.01. The firm's 50-day moving average price is $62.03 and its 200 day moving average price is $66.84.

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.