Royce & Associates LP Has $10.72 Million Stock Holdings in Diodes Incorporated (NASDAQ:DIOD)

Royce & Associates LP decreased its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 3.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 167,181 shares of the semiconductor company’s stock after selling 5,375 shares during the period. Royce & Associates LP’s holdings in Diodes were worth $10,715,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Zions Bancorporation N.A. boosted its stake in Diodes by 18.3% in the 3rd quarter. Zions Bancorporation N.A. now owns 27,928 shares of the semiconductor company’s stock valued at $1,790,000 after buying an additional 4,320 shares in the last quarter. KBC Group NV grew its holdings 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 worth $93,000 after purchasing an additional 368 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Diodes by 130.9% during the 3rd quarter. Victory Capital Management Inc. now owns 1,744,135 shares of the semiconductor company’s stock worth $111,782,000 after purchasing an additional 988,671 shares in the last quarter. GSA Capital Partners LLP bought a new position in Diodes during the 3rd quarter valued at about $922,000. Finally, Versor Investments LP acquired a new position in Diodes in the third quarter valued at about $680,000. 99.23% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Diodes

In other Diodes news, CFO Brett R. Whitmire sold 1,900 shares of Diodes stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $69.99, for a total transaction of $132,981.00. Following the completion of the sale, the chief financial officer now owns 46,365 shares of the company’s stock, valued at approximately $3,245,086.35. The trade was a 3.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Emily Yang sold 1,272 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $72.16, for a total value of $91,787.52. Following the completion of the transaction, the senior vice president now directly owns 29,028 shares in the company, valued at approximately $2,094,660.48. This trade represents a 4.20 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,182 shares of company stock worth $1,640,921. Company insiders own 2.30% of the company’s stock.

Diodes Trading Down 3.6 %

Shares of DIOD opened at $53.01 on Friday. The stock’s fifty day simple moving average is $61.91 and its 200-day simple moving average is $68.71. The firm has a market capitalization of $2.46 billion, a PE ratio of 40.16 and a beta of 1.32. Diodes Incorporated has a 12-month low of $52.80 and a 12-month high of $86.74. The company has a quick ratio of 2.21, a current ratio of 3.58 and a debt-to-equity ratio of 0.01.

Wall Street Analyst Weigh In

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

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.