Holocene Advisors LP Has $3.61 Million Holdings in Diodes Incorporated (NASDAQ:DIOD)

Holocene Advisors LP grew its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 89.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,242 shares of the semiconductor company’s stock after acquiring an additional 26,602 shares during the quarter. Holocene Advisors LP owned 0.12% of Diodes worth $3,605,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. GAMMA Investing LLC increased its position in Diodes by 66.5% during 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. Truvestments Capital LLC acquired a new position in shares of Diodes during the third quarter worth $29,000. Innealta Capital LLC acquired a new position in shares of Diodes during the second quarter worth $88,000. KBC Group NV lifted its stake 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 valued at $93,000 after acquiring an additional 368 shares during the last quarter. Finally, Hantz Financial Services Inc. acquired a new stake in shares of Diodes during the 2nd quarter valued at $147,000. Institutional investors own 99.23% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on DIOD. Truist Financial lowered their target price on Diodes from $69.00 to $62.00 and set a “hold” rating for the company in a report on Friday, November 8th. Benchmark dropped their price objective on shares of Diodes from $83.00 to $75.00 and set a “buy” rating for the company in a report on Monday, November 11th. Finally, StockNews.com upgraded shares of 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, the company presently has a consensus rating of “Hold” and an average price target of $72.80.

Diodes Trading Down 4.1 %

Shares of DIOD stock opened at $58.96 on Friday. The stock has a 50-day moving average of $62.25 and a 200-day moving average of $67.69. 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 stock has a market cap of $2.73 billion, a price-to-earnings ratio of 44.67 and a beta of 1.34. Diodes Incorporated has a 1-year low of $52.71 and a 1-year high of $86.74.

About Diodes

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.