Hotchkis & Wiley Capital Management LLC decreased its stake in Diodes Incorporated (NASDAQ:DIOD - Free Report) by 18.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 134,495 shares of the semiconductor company's stock after selling 30,780 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned approximately 0.29% of Diodes worth $8,620,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in shares of Diodes by 66.5% in the second quarter. GAMMA Investing LLC now owns 453 shares of the semiconductor company's stock worth $33,000 after buying an additional 181 shares during the last quarter. Truvestments Capital LLC purchased a new position in Diodes during the third quarter worth approximately $29,000. Innealta Capital LLC purchased a new position in Diodes during the second quarter worth approximately $88,000. KBC Group NV boosted its position in Diodes by 33.9% during the third quarter. KBC Group NV now owns 1,454 shares of the semiconductor company's stock worth $93,000 after purchasing an additional 368 shares in the last quarter. Finally, Hantz Financial Services Inc. purchased a new position in Diodes during the second quarter worth approximately $147,000. Hedge funds and other institutional investors own 99.23% of the company's stock.
DIOD has been the topic of a number of recent analyst reports. Truist Financial lowered their price target on Diodes from $69.00 to $62.00 and set a "hold" rating on the stock in a research report on Friday, November 8th. StockNews.com upgraded Diodes from a "sell" rating to a "hold" rating in a research report on Monday, November 11th. Finally, Benchmark lowered their price target on Diodes from $83.00 to $75.00 and set a "buy" rating on the stock in a research report on Monday, November 11th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Diodes presently has an average rating of "Hold" and an average target price of $72.80.
Check Out Our Latest Research Report on DIOD
NASDAQ DIOD opened at $61.45 on Thursday. The company has a market cap of $2.85 billion, a PE ratio of 48.22 and a beta of 1.34. The stock's 50 day simple moving average is $62.19 and its 200-day simple moving average is $67.73. Diodes Incorporated has a 1-year low of $52.71 and a 1-year high of $86.74. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.58 and a quick ratio of 2.21.
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.
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