Edgestream Partners L.P. Takes $2.79 Million Position in Diodes Incorporated (NASDAQ:DIOD)

Edgestream Partners L.P. acquired a new stake in Diodes Incorporated (NASDAQ:DIOD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 43,528 shares of the semiconductor company’s stock, valued at approximately $2,790,000.

Other large investors also recently made changes to their positions in the company. Boston Partners acquired a new stake in shares of Diodes in the 1st quarter valued at approximately $821,000. TD Asset Management Inc boosted its holdings in shares of Diodes by 95.4% in the 2nd quarter. TD Asset Management Inc now owns 34,000 shares of the semiconductor company’s stock valued at $2,446,000 after buying an additional 16,600 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Diodes by 8.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,913,282 shares of the semiconductor company’s stock valued at $137,620,000 after acquiring an additional 141,610 shares during the period. Tributary Capital Management LLC raised its stake in Diodes by 9.5% in the 3rd quarter. Tributary Capital Management LLC now owns 291,037 shares of the semiconductor company’s stock valued at $18,653,000 after acquiring an additional 25,259 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in Diodes in the 2nd quarter valued at $647,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

Diodes Stock Up 1.1 %

DIOD stock opened at $65.00 on Monday. 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 has a market capitalization of $3.01 billion, a price-to-earnings ratio of 49.24 and a beta of 1.32. The business’s fifty day moving average price is $61.98 and its two-hundred day moving average price is $67.87. Diodes Incorporated has a fifty-two week low of $52.71 and a fifty-two week high of $86.74.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on DIOD shares. Truist Financial dropped their price target on Diodes from $69.00 to $62.00 and set a “hold” rating on the stock in a research note on Friday, November 8th. Benchmark dropped 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, November 11th. Finally, StockNews.com upgraded Diodes from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Diodes presently has a consensus rating of “Hold” and a consensus price target of $72.80.

Diodes Company 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.