Readystate Asset Management LP Invests $426,000 in Diodes Incorporated (NASDAQ:DIOD)

Readystate Asset Management LP acquired a new position in Diodes Incorporated (NASDAQ:DIOD) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,647 shares of the semiconductor company’s stock, valued at approximately $426,000.

Other large investors have also recently made changes to their positions in the company. TD Asset Management Inc lifted its holdings in shares of Diodes by 95.4% in the 2nd quarter. TD Asset Management Inc now owns 34,000 shares of the semiconductor company’s stock worth $2,446,000 after acquiring an additional 16,600 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Diodes by 8.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,913,282 shares of the semiconductor company’s stock worth $137,620,000 after acquiring an additional 141,610 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Diodes by 5.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 626,106 shares of the semiconductor company’s stock worth $40,127,000 after acquiring an additional 31,089 shares during the last quarter. Tributary Capital Management LLC lifted its holdings in shares of Diodes by 9.5% in the 3rd quarter. Tributary Capital Management LLC now owns 291,037 shares of the semiconductor company’s stock worth $18,653,000 after acquiring an additional 25,259 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of Diodes in the 2nd quarter worth approximately $647,000. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Diodes Trading Down 4.1 %

Shares of NASDAQ:DIOD opened at $58.96 on Friday. Diodes Incorporated has a 52 week low of $52.71 and a 52 week high of $86.74. The company’s 50 day moving average is $62.25 and its two-hundred day moving average is $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 company has a market cap of $2.73 billion, a PE ratio of 44.67 and a beta of 1.34.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DIOD. Truist Financial decreased their price objective 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. Benchmark reduced their target price on shares of Diodes from $83.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, November 11th. Finally, StockNews.com upgraded shares of Diodes from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $72.80.

Diodes Company 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.