Charles Schwab Investment Management Inc. Acquires 31,089 Shares of Diodes Incorporated (NASDAQ:DIOD)

Charles Schwab Investment Management Inc. raised its holdings in Diodes Incorporated (NASDAQ:DIOD) by 5.2% during the third quarter, Holdings Channel.com reports. The fund owned 626,106 shares of the semiconductor company’s stock after purchasing an additional 31,089 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Diodes were worth $40,127,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Earnest Partners LLC lifted its stake in shares of Diodes by 1.4% in the 2nd quarter. Earnest Partners LLC now owns 2,571,188 shares of the semiconductor company’s stock valued at $184,946,000 after purchasing an additional 36,390 shares during the period. Dimensional Fund Advisors LP lifted its stake in Diodes by 8.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,913,282 shares of the semiconductor company’s stock valued at $137,620,000 after buying an additional 141,610 shares during the period. Victory Capital Management Inc. lifted its stake in Diodes by 130.9% in the third quarter. Victory Capital Management Inc. now owns 1,744,135 shares of the semiconductor company’s stock valued at $111,782,000 after buying an additional 988,671 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in Diodes by 0.5% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 851,242 shares of the semiconductor company’s stock worth $61,230,000 after buying an additional 4,615 shares during the last quarter. Finally, Sei Investments Co. grew its position in shares of Diodes by 5.7% during the 2nd quarter. Sei Investments Co. now owns 783,448 shares of the semiconductor company’s stock worth $56,353,000 after buying an additional 42,192 shares during the period. 99.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DIOD. StockNews.com upgraded shares of Diodes from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Truist Financial cut their target price on shares of Diodes from $69.00 to $62.00 and set a “hold” rating on the stock in a report on Friday, November 8th. Finally, Benchmark decreased their price target on shares of Diodes from $83.00 to $75.00 and set a “buy” rating for the company in a report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $72.80.

Diodes Stock Performance

Shares of DIOD stock opened at $66.01 on Tuesday. The company has a market capitalization of $3.06 billion, a P/E 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 company has a debt-to-equity ratio of 0.01, a quick ratio of 2.21 and a current ratio of 3.58. The company’s 50 day moving average price is $61.98 and its two-hundred day moving average price is $67.84.

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.