Holocene Advisors LP Has $3.61 Million Stake in Diodes Incorporated (NASDAQ:DIOD)

Holocene Advisors LP grew its stake in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) by 89.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,242 shares of the semiconductor company's stock after buying an additional 26,602 shares during the quarter. Holocene Advisors LP owned about 0.12% of Diodes worth $3,605,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in DIOD. TD Asset Management Inc lifted its holdings in Diodes by 95.4% in the 2nd quarter. TD Asset Management Inc now owns 34,000 shares of the semiconductor company's stock valued at $2,446,000 after acquiring an additional 16,600 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Diodes by 8.0% in 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. lifted its stake in Diodes by 5.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 626,106 shares of the semiconductor company's stock valued at $40,127,000 after purchasing an additional 31,089 shares during the last quarter. Tributary Capital Management LLC boosted its holdings in Diodes by 9.5% during the third quarter. Tributary Capital Management LLC now owns 291,037 shares of the semiconductor company's stock worth $18,653,000 after buying an additional 25,259 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Diodes in the second quarter worth approximately $647,000. 99.23% of the stock is owned by institutional investors and hedge funds.

Diodes Stock Up 3.1 %

NASDAQ DIOD traded up $1.82 during trading on Friday, reaching $60.78. 250,579 shares of the company's stock were exchanged, compared to its average volume of 348,483. Diodes Incorporated has a fifty-two week low of $52.71 and a fifty-two week high of $86.74. The company has a current ratio of 3.58, a quick ratio of 2.21 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $2.82 billion, a PE ratio of 46.00 and a beta of 1.34. The company's fifty day simple moving average is $62.18 and its 200-day simple moving average is $67.62.

Analysts Set New Price Targets

Several research firms have recently weighed in on DIOD. Benchmark reduced their price objective on Diodes from $83.00 to $75.00 and set a "buy" rating for the company in a research note 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 research note on Friday, November 8th. Finally, StockNews.com raised shares of Diodes from a "sell" rating to a "hold" rating in a research note 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 a consensus rating of "Hold" and an average price target of $72.80.

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.