Diodes Incorporated (NASDAQ:DIOD) Stake Lessened by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) by 12.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 77,498 shares of the semiconductor company's stock after selling 10,700 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.17% of Diodes worth $4,967,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DIOD. SummerHaven Investment Management LLC grew its position in Diodes by 2.7% in the 2nd quarter. SummerHaven Investment Management LLC now owns 8,101 shares of the semiconductor company's stock valued at $583,000 after buying an additional 210 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Diodes by 1.9% during the second quarter. Arizona State Retirement System now owns 12,861 shares of the semiconductor company's stock valued at $925,000 after acquiring an additional 236 shares during the period. Azzad Asset Management Inc. ADV raised its holdings in Diodes by 2.5% during the second quarter. Azzad Asset Management Inc. ADV now owns 10,115 shares of the semiconductor company's stock worth $728,000 after purchasing an additional 250 shares in the last quarter. Oak Associates Ltd. OH lifted its position in Diodes by 0.5% in the second quarter. Oak Associates Ltd. OH now owns 54,757 shares of the semiconductor company's stock worth $3,939,000 after purchasing an additional 284 shares during the period. Finally, Fifth Third Bancorp boosted its stake in Diodes by 1.2% during the 2nd quarter. Fifth Third Bancorp now owns 24,201 shares of the semiconductor company's stock valued at $1,741,000 after purchasing an additional 298 shares in the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DIOD has been the topic of a number of research reports. StockNews.com raised Diodes from a "sell" rating to a "hold" rating in a research note on Monday, November 11th. Truist Financial dropped their price target on shares of 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 lowered their price objective on shares of Diodes from $83.00 to $75.00 and set a "buy" rating on the stock 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. According to data from MarketBeat, Diodes currently has a consensus rating of "Hold" and a consensus target price of $72.80.

Diodes Trading Up 2.2 %

Shares of NASDAQ DIOD traded up $1.40 during mid-day trading on Thursday, hitting $65.31. 381,427 shares of the company traded hands, compared to its average volume of 348,776. 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 Incorporated has a 1 year low of $52.71 and a 1 year high of $86.74. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 48.42 and a beta of 1.34. The business has a 50 day moving average of $62.10 and a two-hundred day moving average of $67.28.

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.