Victory Capital Management Inc. Has $111.78 Million Holdings in Diodes Incorporated (NASDAQ:DIOD)

Victory Capital Management Inc. raised its position in Diodes Incorporated (NASDAQ:DIOD) by 130.9% during the third quarter, according to its most recent filing with the SEC. The firm owned 1,744,135 shares of the semiconductor company’s stock after purchasing an additional 988,671 shares during the period. Victory Capital Management Inc.’s holdings in Diodes were worth $111,782,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of DIOD. Vanguard Group Inc. lifted its holdings in Diodes by 2.3% in the first quarter. Vanguard Group Inc. now owns 5,782,828 shares of the semiconductor company’s stock valued at $407,689,000 after buying an additional 132,101 shares during the period. Seven Eight Capital LP bought a new stake in shares of Diodes during the 1st quarter valued at about $1,055,000. Bessemer Group Inc. grew its stake in Diodes by 7.4% during the first quarter. Bessemer Group Inc. now owns 144,875 shares of the semiconductor company’s stock worth $10,213,000 after purchasing an additional 9,924 shares during the period. William Blair Investment Management LLC grew its stake in Diodes by 19.0% during the first quarter. William Blair Investment Management LLC now owns 479,614 shares of the semiconductor company’s stock worth $33,813,000 after purchasing an additional 76,447 shares during the period. Finally, Boston Partners acquired a new position in Diodes in the first quarter valued at approximately $821,000. 99.23% of the stock is owned by institutional investors.

Diodes Price Performance

Shares of DIOD opened at $58.76 on Wednesday. The business’s fifty day moving average is $62.36 and its 200 day moving average is $69.07. Diodes Incorporated has a 12-month low of $58.44 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. The stock has a market cap of $2.72 billion, a P/E ratio of 44.52 and a beta of 1.32.

Analyst Upgrades and Downgrades

Several analysts have recently commented on DIOD shares. Truist Financial reduced their price objective on shares of Diodes from $69.00 to $62.00 and set a “hold” rating for the company in a research report on Friday, November 8th. StockNews.com upgraded shares of Diodes from a “sell” rating to a “hold” rating in a report on Monday. Finally, Benchmark dropped their price objective on shares of Diodes from $83.00 to $75.00 and set a “buy” rating on the stock in a report on Monday. Four equities research 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, the stock currently has a consensus rating of “Hold” and an average target price of $72.80.

Insider Buying and Selling at Diodes

In related news, SVP Emily Yang sold 1,272 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $72.16, for a total transaction of $91,787.52. Following the completion of the sale, the senior vice president now owns 29,028 shares in the company, valued at approximately $2,094,660.48. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Keh Shew Lu sold 20,010 shares of Diodes stock in a transaction on Monday, August 19th. The stock was sold at an average price of $67.25, for a total transaction of $1,345,672.50. Following the sale, the chief executive officer now directly owns 246,492 shares in the company, valued at $16,576,587. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Emily Yang sold 1,272 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $72.16, for a total transaction of $91,787.52. Following the transaction, the senior vice president now owns 29,028 shares of the company’s stock, valued at approximately $2,094,660.48. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,182 shares of company stock valued at $1,640,921. Corporate insiders own 2.30% of the company’s stock.

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.