Diodes Incorporated (NASDAQ:DIOD) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its position in shares of Diodes Incorporated (NASDAQ:DIOD) by 8.1% during the third quarter, HoldingsChannel reports. The fund owned 6,969 shares of the semiconductor company’s stock after selling 612 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Diodes were worth $447,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in DIOD. GAMMA Investing LLC grew its position in Diodes by 66.5% during the second quarter. GAMMA Investing LLC now owns 453 shares of the semiconductor company’s stock worth $33,000 after buying an additional 181 shares during the period. Innealta Capital LLC acquired a new stake in shares of Diodes in the 2nd quarter worth approximately $88,000. KBC Group NV increased its stake in Diodes by 33.9% in the 3rd 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 in the last quarter. EMC Capital Management raised its holdings in Diodes by 25.8% during the first quarter. EMC Capital Management now owns 1,632 shares of the semiconductor company’s stock worth $115,000 after purchasing an additional 335 shares during the last quarter. Finally, Hantz Financial Services Inc. purchased a new stake in Diodes during the second quarter worth $147,000. 99.23% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Diodes

In related news, SVP Emily Yang sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $70.48, for a total transaction of $70,480.00. Following the completion of the transaction, the senior vice president now owns 59,820 shares of the company’s stock, valued at $4,216,113.60. This trade represents a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.30% of the stock is owned by corporate insiders.

Diodes Stock Down 2.8 %

NASDAQ:DIOD opened at $64.30 on Thursday. 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 $2.98 billion, a PE ratio of 48.47 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 $61.72 and a 200-day moving average of $67.99.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Truist Financial reduced their price objective on Diodes from $69.00 to $62.00 and set a “hold” rating on the stock in a research report on Friday, November 8th. StockNews.com raised shares of Diodes from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Benchmark reduced their price target on Diodes from $83.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $72.80.

About Diodes

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.