The Manufacturers Life Insurance Company Buys 649 Shares of Diodes Incorporated (NASDAQ:DIOD)

The Manufacturers Life Insurance Company lifted its stake in shares of Diodes Incorporated (NASDAQ:DIOD) by 2.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 25,799 shares of the semiconductor company’s stock after acquiring an additional 649 shares during the period. The Manufacturers Life Insurance Company’s holdings in Diodes were worth $1,653,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in shares of Diodes by 66.5% during 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 last quarter. Truvestments Capital LLC acquired a new stake in Diodes during the 3rd quarter worth approximately $29,000. Innealta Capital LLC acquired a new stake in Diodes during the 2nd quarter worth approximately $88,000. KBC Group NV boosted its position in Diodes by 33.9% during the 3rd quarter. KBC Group NV now owns 1,454 shares of the semiconductor company’s stock worth $93,000 after buying an additional 368 shares during the period. Finally, Hantz Financial Services Inc. acquired a new stake in Diodes during the 2nd quarter worth approximately $147,000. 99.23% of the stock is owned by institutional investors.

Diodes Price Performance

DIOD opened at $63.13 on Tuesday. The firm has a market cap of $2.93 billion, a P/E ratio of 47.83 and a beta of 1.34. Diodes Incorporated has a fifty-two week low of $52.71 and a fifty-two 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 firm has a 50-day moving average of $62.10 and a 200 day moving average of $67.39.

Analyst Upgrades and Downgrades

Several research firms recently commented 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 research report on Friday, November 8th. Finally, Benchmark dropped their price target on shares of Diodes from $83.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company 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.