HighTower Advisors LLC Sells 303 Shares of Diodes Incorporated (NASDAQ:DIOD)

HighTower Advisors LLC trimmed its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 3.6% during the 3rd quarter, Holdings Channel reports. The fund owned 8,166 shares of the semiconductor company’s stock after selling 303 shares during the period. HighTower Advisors LLC’s holdings in Diodes were worth $523,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Truvestments Capital LLC purchased a new position in shares of Diodes during the third quarter worth $29,000. GAMMA Investing LLC raised its position in Diodes by 68.9% during the third quarter. GAMMA Investing LLC now owns 765 shares of the semiconductor company’s stock valued at $49,000 after acquiring an additional 312 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of Diodes during the 2nd quarter worth approximately $88,000. KBC Group NV raised its holdings in Diodes by 33.9% in the 3rd quarter. KBC Group NV now owns 1,454 shares of the semiconductor company’s stock worth $93,000 after purchasing an additional 368 shares during the period. Finally, Hantz Financial Services Inc. purchased a new position in Diodes in the 2nd quarter valued at about $147,000. Institutional investors own 99.23% of the company’s stock.

Diodes Stock Performance

NASDAQ:DIOD opened at $61.56 on Friday. The company has a 50-day moving average of $62.09 and a 200-day moving average of $66.93. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 46.64 and a beta of 1.34. Diodes Incorporated has a twelve month low of $52.71 and a twelve month high of $86.74. The company has a current ratio of 3.58, a quick ratio of 2.21 and a debt-to-equity ratio of 0.01.

Wall Street Analysts Forecast Growth

DIOD has been the topic of several research analyst reports. Truist Financial reduced their price objective 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. StockNews.com upgraded shares of Diodes from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Finally, Benchmark lowered their price objective on Diodes from $83.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, November 11th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Diodes currently has a consensus rating of “Hold” and an average target price 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.