Diodes Incorporated (NASDAQ:DIOD) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in Diodes Incorporated (NASDAQ:DIOD - Free Report) by 34.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 226,742 shares of the semiconductor company's stock after purchasing an additional 58,597 shares during the quarter. JPMorgan Chase & Co. owned 0.49% of Diodes worth $14,532,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Truvestments Capital LLC purchased a new stake in shares of Diodes in the third quarter valued at approximately $29,000. GAMMA Investing LLC increased its holdings in Diodes by 68.9% in the 3rd quarter. GAMMA Investing LLC now owns 765 shares of the semiconductor company's stock worth $49,000 after acquiring an additional 312 shares in the last quarter. KBC Group NV raised 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 worth $93,000 after acquiring an additional 368 shares during the period. Canada Pension Plan Investment Board acquired a new position in Diodes during the second quarter worth $173,000. Finally, Quest Partners LLC purchased a new position in Diodes during the third quarter valued at $184,000. Institutional investors and hedge funds own 99.23% of the company's stock.

Analyst Ratings Changes

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

Diodes Price Performance

DIOD traded down $2.31 on Friday, reaching $62.58. 362,571 shares of the company's stock were exchanged, compared to its average volume of 348,662. Diodes Incorporated has a twelve month low of $52.71 and a twelve month high of $86.74. The stock has a market cap of $2.90 billion, a PE ratio of 47.41 and a beta of 1.32. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.58 and a quick ratio of 2.21. The stock's fifty day moving average price is $62.07 and its 200-day moving average price is $65.84.

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.