Swiss National Bank Sells 400 Shares of Diodes Incorporated (NASDAQ:DIOD)

Swiss National Bank reduced its position in Diodes Incorporated (NASDAQ:DIOD) by 0.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 90,100 shares of the semiconductor company’s stock after selling 400 shares during the period. Swiss National Bank’s holdings in Diodes were worth $5,775,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC boosted 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 valued at $33,000 after buying an additional 181 shares in the last quarter. Innealta Capital LLC acquired a new stake in Diodes in the 2nd quarter worth approximately $88,000. KBC Group NV boosted 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 worth $93,000 after purchasing an additional 368 shares in the last quarter. EMC Capital Management boosted its stake 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 in the last quarter. Finally, Hantz Financial Services Inc. acquired a new stake in Diodes in the 2nd quarter worth approximately $147,000. 99.23% of the stock is currently owned by institutional investors.

Diodes Stock Performance

DIOD opened at $64.30 on Thursday. 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. The firm has a market capitalization of $2.98 billion, a PE ratio of 48.71 and a beta of 1.32. The firm has a 50 day moving average of $61.72 and a two-hundred day moving average of $67.99.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DIOD. Truist Financial lowered their target price on shares of Diodes from $69.00 to $62.00 and set a “hold” rating for the company in a research note on Friday, November 8th. StockNews.com upgraded shares of Diodes from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Benchmark lowered their target price on shares of Diodes from $83.00 to $75.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $72.80.

Insiders Place Their Bets

In other news, SVP Emily Yang sold 1,000 shares of Diodes stock in a transaction that occurred on Friday, August 30th. The shares were 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 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is currently owned by insiders.

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.