Quadrature Capital Ltd Makes New $642,000 Investment in Diodes Incorporated (NASDAQ:DIOD)

Quadrature Capital Ltd purchased a new stake in shares of Diodes Incorporated (NASDAQ:DIOD) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 10,007 shares of the semiconductor company’s stock, valued at approximately $642,000.

A number of other hedge funds have also recently modified their holdings of the company. Truvestments Capital LLC purchased a new position in Diodes during the third quarter worth about $29,000. GAMMA Investing LLC raised its position in shares of Diodes by 66.5% during the 2nd quarter. GAMMA Investing LLC now owns 453 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 181 shares during the period. Innealta Capital LLC acquired a new position in Diodes in the second quarter valued at approximately $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 worth $93,000 after acquiring an additional 368 shares during the period. Finally, Hantz Financial Services Inc. acquired a new stake in Diodes during the second quarter worth $147,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Analyst Ratings Changes

DIOD has been the topic of several recent analyst reports. Truist Financial decreased their price target 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 shares of Diodes from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Benchmark reduced their price target on shares of Diodes from $83.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Diodes currently has a consensus rating of “Hold” and a consensus price target of $72.80.

Diodes Stock Performance

NASDAQ DIOD opened at $60.78 on Monday. The company has a market cap of $2.82 billion, a P/E ratio of 46.05 and a beta of 1.34. 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. The stock has a 50-day moving average of $62.12 and a two-hundred day moving average of $67.45.

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.