11,719 Shares in Diodes Incorporated (NASDAQ:DIOD) Acquired by Intech Investment Management LLC

Intech Investment Management LLC acquired a new stake in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 11,719 shares of the semiconductor company's stock, valued at approximately $751,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised 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 valued at $33,000 after buying an additional 181 shares in the last quarter. Innealta Capital LLC bought a new stake in Diodes in the second quarter worth $88,000. KBC Group NV boosted its position in Diodes by 33.9% during the third quarter. KBC Group NV now owns 1,454 shares of the semiconductor company's stock valued at $93,000 after buying an additional 368 shares during the period. Hantz Financial Services Inc. purchased a new position in Diodes in the 2nd quarter worth approximately $147,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Diodes in the second quarter worth approximately $173,000. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

Diodes Stock Up 1.1 %

Shares of DIOD stock traded up $0.70 during midday trading on Friday, reaching $65.00. 225,731 shares of the stock were exchanged, compared to its average volume of 349,069. The company's 50 day moving average is $61.98 and its two-hundred day moving average is $67.90. 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 cap of $3.01 billion, a PE ratio of 49.24 and a beta of 1.32. Diodes Incorporated has a 1 year low of $52.71 and a 1 year high of $86.74.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. StockNews.com upgraded shares of Diodes from a "sell" rating to a "hold" rating in a report on Monday, November 11th. Truist Financial cut their price objective on Diodes from $69.00 to $62.00 and set a "hold" rating on the stock in a research report on Friday, November 8th. Finally, Benchmark decreased their target price on Diodes from $83.00 to $75.00 and set a "buy" rating for the company in a report 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. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $72.80.

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.