Swiss National Bank Reduces Stake in Diodes Incorporated (NASDAQ:DIOD)

Swiss National Bank reduced its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 0.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,100 shares of the semiconductor company’s stock after selling 400 shares during the quarter. Swiss National Bank owned about 0.19% of Diodes worth $5,775,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. O Shaughnessy Asset Management LLC increased its holdings in shares of Diodes by 5.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 4,245 shares of the semiconductor company’s stock worth $299,000 after buying an additional 224 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its position in Diodes by 5.2% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 38,600 shares of the semiconductor company’s stock valued at $2,716,000 after buying an additional 1,901 shares during the period. Quadrature Capital Ltd boosted its position in Diodes by 55.6% during the 1st quarter. Quadrature Capital Ltd now owns 5,989 shares of the semiconductor company’s stock valued at $422,000 after buying an additional 2,141 shares during the period. EMC Capital Management lifted its position in shares of Diodes by 25.8% in the 1st quarter. EMC Capital Management now owns 1,632 shares of the semiconductor company’s stock worth $115,000 after purchasing an additional 335 shares during the period. Finally, Cetera Advisors LLC purchased a new stake in shares of Diodes in the 1st quarter worth about $259,000. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Diodes news, SVP Emily Yang sold 1,000 shares of the 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 transaction, the senior vice president now directly owns 59,820 shares in the company, valued at $4,216,113.60. This represents a 1.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DIOD. StockNews.com upgraded shares of Diodes from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Benchmark reduced their price target on shares of Diodes from $83.00 to $75.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Finally, Truist Financial reduced their price target 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 issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $72.80.

Diodes Trading Down 2.8 %

Shares of DIOD opened at $64.30 on Thursday. The company’s fifty day moving average is $61.72 and its 200 day moving average is $67.99. Diodes Incorporated has a fifty-two week low of $52.71 and a fifty-two week high of $86.74. The stock has a market capitalization of $2.98 billion, a PE ratio of 48.71 and a beta of 1.32. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.21 and a current ratio of 3.58.

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.