Truvestments Capital LLC Makes New Investment in Diodes Incorporated (NASDAQ:DIOD)

Truvestments Capital LLC acquired a new position in shares of Diodes Incorporated (NASDAQ:DIOD) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 457 shares of the semiconductor company’s stock, valued at approximately $29,000.

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

Diodes Stock Down 2.8 %

Diodes stock opened at $64.30 on Friday. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 48.71 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. The stock has a 50 day moving average of $61.83 and a two-hundred day moving average of $67.97. Diodes Incorporated has a twelve month low of $52.71 and a twelve month high of $86.74.

Wall Street Analyst Weigh In

DIOD has been the topic of several research analyst reports. StockNews.com upgraded shares of Diodes from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Truist Financial decreased their target price on Diodes from $69.00 to $62.00 and set a “hold” rating for the company in a research report on Friday, November 8th. Finally, Benchmark cut their price target on Diodes from $83.00 to $75.00 and set a “buy” rating on the stock 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. According to MarketBeat, Diodes currently has an average rating of “Hold” and a consensus price target of $72.80.

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.