Martingale Asset Management L P Reduces Stock Holdings in Diodes Incorporated (NASDAQ:DIOD)

Martingale Asset Management L P lessened its stake in shares of Diodes Incorporated (NASDAQ:DIOD) by 63.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,195 shares of the semiconductor company’s stock after selling 24,230 shares during the quarter. Martingale Asset Management L P’s holdings in Diodes were worth $910,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. 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 valued at $33,000 after purchasing an additional 181 shares during the last quarter. SummerHaven Investment Management LLC grew its position in Diodes by 2.7% in the 2nd quarter. SummerHaven Investment Management LLC now owns 8,101 shares of the semiconductor company’s stock valued at $583,000 after buying an additional 210 shares during the last quarter. Arizona State Retirement System increased its stake in Diodes by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 12,861 shares of the semiconductor company’s stock valued at $925,000 after buying an additional 236 shares during the period. Azzad Asset Management Inc. ADV raised its position in Diodes by 2.5% during the 2nd quarter. Azzad Asset Management Inc. ADV now owns 10,115 shares of the semiconductor company’s stock worth $728,000 after buying an additional 250 shares during the last quarter. Finally, Oak Associates Ltd. OH lifted its stake in shares of Diodes by 0.5% in the 2nd quarter. Oak Associates Ltd. OH now owns 54,757 shares of the semiconductor company’s stock worth $3,939,000 after acquiring an additional 284 shares during the period. Institutional investors and hedge funds own 99.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Truist Financial dropped their price target on shares of Diodes from $69.00 to $62.00 and set a “hold” rating on the stock in a research note on Friday, November 8th. StockNews.com raised Diodes from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Finally, Benchmark cut their price target 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. Four investment 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, the stock presently has an average rating of “Hold” and a consensus price target of $72.80.

Diodes Stock Up 1.6 %

Diodes stock opened at $66.01 on Tuesday. Diodes Incorporated has a fifty-two week low of $52.71 and a fifty-two week high of $86.74. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 50.01 and a beta of 1.32. The stock’s fifty day moving average is $61.98 and its two-hundred day moving average is $67.84. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.21 and a current ratio of 3.58.

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.