Diodes Incorporated (NASDAQ:DIOD) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its stake in shares of Diodes Incorporated (NASDAQ:DIOD) by 5.0% during the third quarter, Holdings Channel reports. The firm owned 36,384 shares of the semiconductor company’s stock after selling 1,905 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Diodes were worth $2,332,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of DIOD. GAMMA Investing LLC raised its position in Diodes by 66.5% during the second quarter. GAMMA Investing LLC now owns 453 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 181 shares during the period. Innealta Capital LLC acquired a new position in Diodes in the 2nd quarter worth about $88,000. KBC Group NV increased its position 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 last quarter. EMC Capital Management increased its position in Diodes by 25.8% in the 1st 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. bought a new stake in shares of Diodes during the 2nd quarter worth about $147,000. 99.23% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Diodes

In related news, SVP Emily Yang sold 1,000 shares of Diodes stock in a transaction on 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 sale, the senior vice president now directly owns 59,820 shares of the company’s stock, valued at $4,216,113.60. The trade was a 1.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.30% of the stock is currently owned by corporate insiders.

Diodes Trading Down 2.8 %

Shares of DIOD opened at $64.30 on Thursday. The stock has a fifty day moving average price of $61.72 and a two-hundred day moving average price of $67.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.21 and a current ratio of 3.58. Diodes Incorporated has a 52-week low of $52.71 and a 52-week high of $86.74. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 48.71 and a beta of 1.32.

Analysts Set New Price Targets

Several analysts have recently issued reports on DIOD shares. Truist Financial decreased their price target on Diodes from $69.00 to $62.00 and set a “hold” rating for the company in a research note on Friday, November 8th. Benchmark decreased 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. 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, Diodes currently has an average rating of “Hold” and a consensus target price 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.