Edgestream Partners L.P. Makes New $2.79 Million Investment in Diodes Incorporated (NASDAQ:DIOD)

Edgestream Partners L.P. acquired a new position in shares of Diodes Incorporated (NASDAQ:DIOD) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 43,528 shares of the semiconductor company’s stock, valued at approximately $2,790,000. Edgestream Partners L.P. owned about 0.09% of Diodes at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Truvestments Capital LLC bought a new stake in shares of Diodes in the 3rd quarter valued at about $29,000. GAMMA Investing LLC increased its stake 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 acquiring an additional 181 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of Diodes in the 2nd quarter valued at about $88,000. KBC Group NV increased 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. bought a new stake in shares of Diodes in the 2nd quarter valued at about $147,000. 99.23% of the stock is owned by institutional investors.

Diodes Price Performance

Shares of DIOD opened at $65.00 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.21 and a current ratio of 3.58. The stock has a 50 day simple moving average of $61.98 and a 200 day simple moving average of $67.87. Diodes Incorporated has a 52-week low of $52.71 and a 52-week high of $86.74. The firm has a market capitalization of $3.01 billion, a PE ratio of 49.24 and a beta of 1.32.

Analyst Ratings Changes

DIOD has been the subject of a number of recent analyst reports. Benchmark lowered their price target on Diodes from $83.00 to $75.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Truist Financial decreased their price objective on Diodes from $69.00 to $62.00 and set a “hold” rating for the company in a research report on Friday, November 8th. Finally, StockNews.com upgraded Diodes from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Diodes presently 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.