The Manufacturers Life Insurance Company Has $1.65 Million Stake in Diodes Incorporated (NASDAQ:DIOD)

The Manufacturers Life Insurance Company lifted its position in Diodes Incorporated (NASDAQ:DIOD) by 2.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,799 shares of the semiconductor company’s stock after purchasing an additional 649 shares during the quarter. The Manufacturers Life Insurance Company owned 0.06% of Diodes worth $1,653,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of DIOD. Truvestments Capital LLC acquired a new position in shares of Diodes in the third quarter valued at $29,000. GAMMA Investing LLC grew its position in Diodes by 66.5% in the second 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 period. Innealta Capital LLC bought a new stake in Diodes in the second quarter valued at $88,000. KBC Group NV grew its position in Diodes by 33.9% in the third 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 period. Finally, Hantz Financial Services Inc. bought a new stake in Diodes in the second quarter valued at $147,000. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on DIOD. 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. 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. Finally, StockNews.com upgraded Diodes from a “sell” rating to a “hold” rating 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. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $72.80.

Diodes Stock Performance

Shares of DIOD opened at $63.13 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.58 and a quick ratio of 2.21. The firm has a 50-day moving average of $62.10 and a 200-day moving average of $67.39. The company has a market cap of $2.93 billion, a PE ratio of 47.83 and a beta of 1.34. Diodes Incorporated has a one year low of $52.71 and a one year high of $86.74.

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.