Martingale Asset Management L P Has $910,000 Holdings in Diodes Incorporated (NASDAQ:DIOD)

Martingale Asset Management L P decreased its stake in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) by 63.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 14,195 shares of the semiconductor company's stock after selling 24,230 shares during the period. Martingale Asset Management L P's holdings in Diodes were worth $910,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. BNP Paribas Financial Markets grew its holdings in Diodes by 114.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 48,665 shares of the semiconductor company's stock valued at $3,119,000 after buying an additional 25,969 shares during the last quarter. FMR LLC grew its holdings in Diodes by 19.6% in the 3rd quarter. FMR LLC now owns 5,785,134 shares of the semiconductor company's stock valued at $370,769,000 after buying an additional 947,118 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Diodes by 2.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 25,799 shares of the semiconductor company's stock valued at $1,653,000 after buying an additional 649 shares during the last quarter. Truvestments Capital LLC acquired a new stake in shares of Diodes during the 3rd quarter worth approximately $29,000. Finally, Citigroup Inc. grew its holdings in shares of Diodes by 54.7% during the 3rd quarter. Citigroup Inc. now owns 64,505 shares of the semiconductor company's stock worth $4,134,000 after purchasing an additional 22,817 shares in the last quarter. Institutional investors and hedge funds own 99.23% of the company's stock.

Analyst Ratings Changes

DIOD has been the topic of several recent research reports. Truist Financial decreased their price objective on Diodes from $69.00 to $62.00 and set a "hold" rating on the stock in a report on Friday, November 8th. StockNews.com raised Diodes from a "sell" rating to a "hold" rating in a report on Monday, November 11th. Finally, Benchmark decreased their price objective on Diodes from $83.00 to $75.00 and set a "buy" rating on the stock in a report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Diodes has an average rating of "Hold" and an average target price of $72.80.

Diodes Price Performance

DIOD traded down $2.36 during trading on Tuesday, hitting $63.65. The company's stock had a trading volume of 310,017 shares, compared to its average volume of 349,049. The firm's 50 day moving average price is $62.12 and its two-hundred day moving average price is $67.80. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 48.22 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.

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.