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

Victory Capital Management Inc. increased its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 130.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,744,135 shares of the semiconductor company’s stock after acquiring an additional 988,671 shares during the quarter. Victory Capital Management Inc. owned about 3.76% of Diodes worth $111,782,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its holdings in shares of Diodes by 77.0% in the first quarter. Janney Montgomery Scott LLC now owns 8,227 shares of the semiconductor company’s stock valued at $580,000 after purchasing an additional 3,580 shares during the last quarter. Texas Permanent School Fund Corp raised its holdings in Diodes by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 40,206 shares of the semiconductor company’s stock valued at $2,835,000 after acquiring an additional 522 shares during the period. SG Americas Securities LLC acquired a new stake in Diodes during the first quarter worth approximately $183,000. Inspire Investing LLC lifted its position in Diodes by 7.9% during the first quarter. Inspire Investing LLC now owns 5,118 shares of the semiconductor company’s stock worth $361,000 after acquiring an additional 375 shares during the last quarter. Finally, ProShare Advisors LLC boosted its holdings in shares of Diodes by 7.4% during the first quarter. ProShare Advisors LLC now owns 9,126 shares of the semiconductor company’s stock worth $643,000 after acquiring an additional 627 shares during the period. Institutional investors own 99.23% of the company’s stock.

Analyst Upgrades and Downgrades

DIOD has been the topic of a number of recent research reports. Truist Financial lowered their target price on Diodes from $69.00 to $62.00 and set a “hold” rating on the stock in a research note on Friday, November 8th. StockNews.com raised Diodes from a “sell” rating to a “hold” rating in a report on Monday. Finally, Benchmark cut their price target on shares of Diodes from $83.00 to $75.00 and set a “buy” rating for the company in a report on Monday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Diodes has an average rating of “Hold” and an average target price of $72.80.

Insider Activity

In other Diodes news, CEO Keh Shew Lu sold 20,010 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $67.25, for a total value of $1,345,672.50. Following the completion of the transaction, the chief executive officer now owns 246,492 shares of the company’s stock, valued at $16,576,587. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Keh Shew Lu sold 20,010 shares of Diodes stock in a transaction that occurred on Monday, August 19th. The shares were 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brett R. Whitmire sold 1,900 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $69.99, for a total transaction of $132,981.00. Following the completion of the transaction, the chief financial officer now owns 46,365 shares of the company’s stock, valued at approximately $3,245,086.35. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,182 shares of company stock worth $1,640,921. Insiders own 2.30% of the company’s stock.

Diodes Stock Performance

Shares of Diodes stock opened at $58.76 on Wednesday. The company’s 50 day moving average price is $62.36 and its two-hundred day moving average price is $69.07. The firm has a market capitalization of $2.72 billion, a P/E ratio of 44.52 and a beta of 1.32. Diodes Incorporated has a fifty-two week low of $58.44 and a fifty-two week 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.

About Diodes

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.