Fmr LLC Acquires 947,118 Shares of Diodes Incorporated (NASDAQ:DIOD)

Fmr LLC lifted its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 19.6% during the third quarter, HoldingsChannel reports. The firm owned 5,785,134 shares of the semiconductor company’s stock after purchasing an additional 947,118 shares during the quarter. Fmr LLC owned 0.12% of Diodes worth $370,769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in DIOD. Boston Partners purchased a new stake in Diodes during the first quarter worth about $821,000. TD Asset Management Inc increased its stake in shares of Diodes by 95.4% during the 2nd quarter. TD Asset Management Inc now owns 34,000 shares of the semiconductor company’s stock worth $2,446,000 after purchasing an additional 16,600 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Diodes by 8.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,913,282 shares of the semiconductor company’s stock worth $137,620,000 after purchasing an additional 141,610 shares during the period. Tributary Capital Management LLC lifted its stake in Diodes by 9.5% in the third quarter. Tributary Capital Management LLC now owns 291,037 shares of the semiconductor company’s stock valued at $18,653,000 after purchasing an additional 25,259 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in Diodes during the second quarter valued at $647,000. 99.23% of the stock is currently owned by institutional investors.

Diodes Stock Performance

Shares of DIOD opened at $65.00 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.21 and a current ratio of 3.58. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 49.24 and a beta of 1.32. Diodes Incorporated has a 52-week low of $52.71 and a 52-week high of $86.74. The stock’s 50-day simple moving average is $61.98 and its 200 day simple moving average is $67.90.

Analyst Upgrades and Downgrades

DIOD has been the topic of several research reports. Benchmark lowered their target price on Diodes from $83.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. StockNews.com raised shares of Diodes from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Finally, Truist Financial reduced their target price on shares of Diodes from $69.00 to $62.00 and set a “hold” rating for the company in a research note on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Diodes currently has an average rating of “Hold” and a consensus price target of $72.80.

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.