Victory Capital Management Inc. Purchases 988,671 Shares of Diodes Incorporated (NASDAQ:DIOD)

Victory Capital Management Inc. boosted its stake in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) by 130.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,744,135 shares of the semiconductor company's stock after acquiring an additional 988,671 shares during the period. Victory Capital Management Inc. owned 3.76% of Diodes worth $111,782,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in Diodes by 66.5% during the second quarter. GAMMA Investing LLC now owns 453 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 181 shares during the period. EntryPoint Capital LLC acquired a new stake in shares of Diodes during the 1st quarter worth approximately $40,000. Innealta Capital LLC bought a new position in Diodes in the second quarter valued at approximately $88,000. EMC Capital Management raised its position in Diodes by 25.8% during the first quarter. EMC Capital Management now owns 1,632 shares of the semiconductor company's stock valued at $115,000 after purchasing an additional 335 shares in the last quarter. Finally, Hantz Financial Services Inc. bought a new stake in Diodes during the second quarter worth $147,000. 99.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on DIOD shares. Benchmark decreased their price target on Diodes from $83.00 to $75.00 and set a "buy" rating on the stock in a research note on Monday. StockNews.com raised shares of Diodes from a "sell" rating to a "hold" rating in a report on Monday. Finally, Truist Financial dropped their target price on shares of Diodes from $69.00 to $62.00 and set a "hold" rating for the company in a report on Friday, November 8th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $72.80.

Diodes Trading Down 4.1 %

Shares of Diodes stock traded down $2.43 on Wednesday, hitting $56.33. 352,465 shares of the company's stock traded hands, compared to its average volume of 345,531. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of 42.67 and a beta of 1.32. The company has a fifty day moving average of $62.23 and a two-hundred day moving average of $68.98. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.58 and a quick ratio of 2.21. Diodes Incorporated has a one year low of $56.29 and a one year high of $86.74.

Insider Activity

In related news, CEO Keh Shew Lu sold 20,010 shares of the business's stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $67.25, for a total value of $1,345,672.50. Following the completion of the sale, the chief executive officer now directly owns 246,492 shares of the company's stock, valued at $16,576,587. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, SVP Emily Yang sold 1,000 shares of the business's stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $70.48, for a total transaction of $70,480.00. Following the completion of the sale, the senior vice president now directly owns 59,820 shares of the company's stock, valued at $4,216,113.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Keh Shew Lu sold 20,010 shares of the firm's stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $67.25, for a total transaction of $1,345,672.50. Following the completion of the transaction, the chief executive officer now directly owns 246,492 shares in the company, valued at approximately $16,576,587. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,182 shares of company stock worth $1,640,921 in the last quarter. 2.30% of the stock is owned by corporate insiders.

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.