Quest Partners LLC Makes New Investment in Diodes Incorporated (NASDAQ:DIOD)

Quest Partners LLC bought a new position in Diodes Incorporated (NASDAQ:DIOD) during the third quarter, according to its most recent filing with the SEC. The firm bought 2,870 shares of the semiconductor company’s stock, valued at approximately $184,000.

A number of other large investors also recently modified their holdings of DIOD. GAMMA Investing LLC lifted its holdings in shares of Diodes by 66.5% in the 2nd quarter. GAMMA Investing LLC now owns 453 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 181 shares in the last quarter. Innealta Capital LLC bought a new position in shares of Diodes in the 2nd quarter worth $88,000. KBC Group NV lifted its holdings in shares of 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 in the last quarter. EMC Capital Management lifted its holdings in shares of 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 in the last quarter. Finally, Hantz Financial Services Inc. bought a new position in shares of Diodes in the 2nd quarter worth $147,000. 99.23% of the stock is currently owned by institutional investors.

Insider Activity at Diodes

In other news, SVP Emily Yang sold 1,000 shares of the firm’s 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. This trade represents a 1.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DIOD. StockNews.com upgraded Diodes from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Truist Financial cut their target price on Diodes from $69.00 to $62.00 and set a “hold” rating on the stock in a report on Friday, November 8th. Finally, Benchmark lowered 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. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Diodes presently has an average rating of “Hold” and an average price target of $72.80.

Diodes Trading Down 2.8 %

NASDAQ DIOD opened at $64.30 on Thursday. The firm has a market capitalization of $2.98 billion, a P/E ratio of 48.71 and a beta of 1.32. The business has a fifty day simple moving average of $61.72 and a 200 day simple moving average of $67.99. Diodes Incorporated has a 12 month low of $52.71 and a 12 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.

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.