Hotchkis & Wiley Capital Management LLC Decreases Stock Position in Diodes Incorporated (NASDAQ:DIOD)

Hotchkis & Wiley Capital Management LLC decreased its stake in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) by 18.6% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 134,495 shares of the semiconductor company's stock after selling 30,780 shares during the period. Hotchkis & Wiley Capital Management LLC owned 0.29% of Diodes worth $8,620,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Truvestments Capital LLC purchased a new stake in shares of Diodes in the third quarter worth about $29,000. GAMMA Investing LLC lifted its stake in Diodes by 66.5% in the 2nd quarter. GAMMA Investing LLC now owns 453 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 181 shares in the last quarter. Innealta Capital LLC bought a new position in Diodes in the 2nd quarter valued at $88,000. KBC Group NV grew 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 valued at $93,000 after purchasing an additional 368 shares in the last quarter. Finally, Hantz Financial Services Inc. bought a new position in shares of Diodes in the second quarter worth $147,000. Institutional investors own 99.23% of the company's stock.

Diodes Price Performance

DIOD traded down $2.49 during midday trading on Thursday, hitting $58.96. The stock had a trading volume of 358,851 shares, compared to its average volume of 348,899. Diodes Incorporated has a 1 year low of $52.71 and a 1 year high of $86.74. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.21 and a current ratio of 3.58. The business has a fifty day moving average of $62.25 and a 200 day moving average of $67.69. The company has a market cap of $2.73 billion, a P/E ratio of 44.67 and a beta of 1.34.

Analysts Set New Price Targets

DIOD has been the subject of several recent analyst reports. Truist Financial reduced their target price on Diodes from $69.00 to $62.00 and set a "hold" rating for the company in a research report on Friday, November 8th. StockNews.com upgraded shares of Diodes from a "sell" rating to a "hold" rating in a research report on Monday, November 11th. Finally, Benchmark dropped their target price 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. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus 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.