JPMorgan Chase & Co. Buys 58,597 Shares of Diodes Incorporated (NASDAQ:DIOD)

JPMorgan Chase & Co. raised its stake in shares of Diodes Incorporated (NASDAQ:DIOD) by 34.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 226,742 shares of the semiconductor company’s stock after purchasing an additional 58,597 shares during the period. JPMorgan Chase & Co.’s holdings in Diodes were worth $14,532,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of DIOD. Truvestments Capital LLC bought a new stake in Diodes during the third quarter valued at about $29,000. GAMMA Investing LLC grew its holdings in Diodes by 68.9% during the third quarter. GAMMA Investing LLC now owns 765 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 312 shares during the period. KBC Group NV boosted its stake in shares of Diodes by 33.9% in the third quarter. KBC Group NV now owns 1,454 shares of the semiconductor company’s stock worth $93,000 after acquiring an additional 368 shares during the period. Canada Pension Plan Investment Board bought a new position in shares of Diodes in the second quarter worth about $173,000. Finally, Quest Partners LLC bought a new position in shares of Diodes in the third quarter worth about $184,000. Institutional investors own 99.23% of the company’s stock.

Diodes Price Performance

NASDAQ:DIOD opened at $62.58 on Friday. 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 company has a market capitalization of $2.90 billion, a P/E ratio of 47.41 and a beta of 1.32. Diodes Incorporated has a 12 month low of $52.71 and a 12 month high of $86.74. The business’s 50-day moving average is $62.02 and its 200 day moving average is $65.93.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on DIOD shares. StockNews.com raised Diodes from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Truist Financial dropped their price objective on Diodes from $69.00 to $62.00 and set a “hold” rating for the company in a research note on Friday, November 8th. Finally, Benchmark dropped their price objective on 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 assigned a buy rating to the company. According to MarketBeat, Diodes presently has an average rating of “Hold” and an average price target of $72.80.

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.