Intech Investment Management LLC Makes New Investment in Diodes Incorporated (NASDAQ:DIOD)

Intech Investment Management LLC bought a new stake in Diodes Incorporated (NASDAQ:DIOD) during the 3rd quarter, Holdings Channel reports. The firm bought 11,719 shares of the semiconductor company’s stock, valued at approximately $751,000.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in Diodes by 66.5% in the 2nd quarter. GAMMA Investing LLC now owns 453 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 181 shares during the period. SummerHaven Investment Management LLC grew its stake in shares of Diodes by 2.7% in the second quarter. SummerHaven Investment Management LLC now owns 8,101 shares of the semiconductor company’s stock valued at $583,000 after acquiring an additional 210 shares in the last quarter. Arizona State Retirement System increased its position in Diodes by 1.9% during the second quarter. Arizona State Retirement System now owns 12,861 shares of the semiconductor company’s stock worth $925,000 after acquiring an additional 236 shares during the period. Azzad Asset Management Inc. ADV increased its position 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 acquiring an additional 250 shares during the period. Finally, Oak Associates Ltd. OH raised its stake in Diodes by 0.5% in the 2nd 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 in the last quarter. Institutional investors own 99.23% of the company’s stock.

Diodes Stock Performance

NASDAQ DIOD opened at $65.00 on Friday. The firm’s 50 day simple moving average is $61.89 and its 200 day simple moving average is $67.94. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 49.19 and a beta of 1.32. The company has a current ratio of 3.58, a quick ratio of 2.21 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.

Analyst Upgrades and Downgrades

DIOD has been the topic of a number of analyst reports. StockNews.com upgraded shares of Diodes from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Truist Financial reduced their price target on 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 cut their target price on Diodes from $83.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, November 11th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $72.80.

About Diodes

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.