Cinctive Capital Management LP Acquires New Shares in Diodes Incorporated (NASDAQ:DIOD)

Cinctive Capital Management LP bought a new position in shares of Diodes Incorporated (NASDAQ:DIOD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 121,564 shares of the semiconductor company’s stock, valued at approximately $7,791,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Boston Partners acquired a new position in shares of Diodes in the 1st quarter worth approximately $821,000. TD Asset Management Inc lifted its stake in Diodes by 95.4% during the second quarter. TD Asset Management Inc now owns 34,000 shares of the semiconductor company’s stock worth $2,446,000 after purchasing an additional 16,600 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Diodes by 8.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,913,282 shares of the semiconductor company’s stock worth $137,620,000 after purchasing an additional 141,610 shares in the last quarter. Tributary Capital Management LLC boosted its position in shares of Diodes by 9.5% during the third quarter. Tributary Capital Management LLC now owns 291,037 shares of the semiconductor company’s stock worth $18,653,000 after buying an additional 25,259 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Diodes in the second quarter valued at $647,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Analyst Ratings Changes

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

Diodes Stock Up 1.1 %

Shares of NASDAQ:DIOD opened at $65.00 on Monday. The company has a quick ratio of 2.21, a current ratio of 3.58 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a fifty-two week low of $52.71 and a fifty-two week high of $86.74. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of 49.24 and a beta of 1.32. The firm’s 50 day moving average price is $61.98 and its 200 day moving average price is $67.87.

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.