Stifel Financial Corp Has $282,000 Stake in Diodes Incorporated (NASDAQ:DIOD)

Stifel Financial Corp decreased its position in shares of Diodes Incorporated (NASDAQ:DIOD) by 40.6% in the 3rd quarter, Holdings Channel reports. The firm owned 4,399 shares of the semiconductor company’s stock after selling 3,012 shares during the quarter. Stifel Financial Corp’s holdings in Diodes were worth $282,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of DIOD. Truvestments Capital LLC bought a new position in Diodes in the third quarter worth approximately $29,000. GAMMA Investing LLC raised its position in Diodes by 68.9% in the third quarter. GAMMA Investing LLC now owns 765 shares of the semiconductor company’s stock worth $49,000 after acquiring an additional 312 shares during the period. KBC Group NV lifted its stake in Diodes by 33.9% in the third quarter. KBC Group NV now owns 1,454 shares of the semiconductor company’s stock valued at $93,000 after purchasing an additional 368 shares during the last quarter. Hantz Financial Services Inc. purchased a new position in shares of Diodes during the 2nd quarter valued at $147,000. Finally, Canada Pension Plan Investment Board bought a new position in Diodes during the second quarter worth about $173,000. Institutional investors own 99.23% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Benchmark reduced their price target on Diodes from $83.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, November 11th. Truist Financial decreased their price target 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, StockNews.com upgraded Diodes from a “sell” rating to a “hold” rating 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 stock. According to MarketBeat, Diodes currently has a consensus rating of “Hold” and a consensus target price of $72.80.

Diodes Trading Down 1.3 %

NASDAQ:DIOD opened at $64.05 on Monday. The company has a fifty day moving average of $61.96 and a 200 day moving average of $66.49. Diodes Incorporated has a 52 week low of $52.71 and a 52 week high of $86.74. The firm has a market capitalization of $2.97 billion, a P/E ratio of 48.52 and a beta of 1.34. The company has a quick ratio of 2.21, a current ratio of 3.58 and a debt-to-equity ratio of 0.01.

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.