Diodes Incorporated $DIOD Shares Acquired by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP increased its holdings in Diodes Incorporated (NASDAQ:DIOD) by 788.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,258 shares of the semiconductor company’s stock after purchasing an additional 10,878 shares during the period. Fulcrum Asset Management LLP’s holdings in Diodes were worth $1,191,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of DIOD. Farther Finance Advisors LLC boosted its stake in shares of Diodes by 38.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 543 shares of the semiconductor company’s stock worth $53,000 after acquiring an additional 152 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Diodes by 2.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 6,378 shares of the semiconductor company’s stock valued at $617,000 after acquiring an additional 177 shares in the last quarter. Choreo LLC raised its stake in shares of Diodes by 2.6% in the 3rd quarter. Choreo LLC now owns 9,946 shares of the semiconductor company’s stock valued at $963,000 after acquiring an additional 256 shares in the last quarter. Signaturefd LLC raised its stake in shares of Diodes by 8.7% in the 3rd quarter. Signaturefd LLC now owns 3,476 shares of the semiconductor company’s stock valued at $336,000 after acquiring an additional 277 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Diodes by 8.9% in the 2nd quarter. GAMMA Investing LLC now owns 3,495 shares of the semiconductor company’s stock worth $382,000 after purchasing an additional 287 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Needham & Company LLC decreased their target price on Diodes from $110.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, November 6th. Truist Financial dropped their price target on shares of Diodes from $139.00 to $133.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Wells Fargo & Company set a $135.00 price objective on shares of Diodes in a research note on Tuesday, October 6th. Weiss Ratings restated a “hold (c)” rating on shares of Diodes in a research note on Tuesday, October 13th. Finally, Zacks Research downgraded shares of Diodes from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.17.

Diodes Trading Up 5.2%

Diodes stock opened at $91.27 on Thursday. Diodes Incorporated has a 52 week low of $42.28 and a 52 week high of $125.99. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.02 and a current ratio of 3.07. The firm has a market capitalization of $4.17 billion, a PE ratio of 36.65 and a beta of 1.96. The business’s 50-day simple moving average is $90.00 and its 200-day simple moving average is $88.39.

Diodes (NASDAQ:DIOD) last announced its earnings results on Thursday, November 5th. The semiconductor company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.13. The firm had revenue of $532.59 million during the quarter, compared to the consensus estimate of $512.94 million. Diodes had a return on equity of 6.17% and a net margin of 6.51%. The firm’s revenue for the quarter was up 35.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.37 EPS. Equities research analysts forecast that Diodes Incorporated will post 3.66 earnings per share for the current year.

Diodes Profile

Diodes Incorporated designs, manufactures and supplies semiconductor products used in electronic systems. Its portfolio includes discrete semiconductors, analog and mixed-signal devices, and power-management products, such as rectifiers, transistors, MOSFETs, protection devices, converters and LED drivers. The company’s products support applications in automotive, industrial, computing, consumer electronics and communications markets. Diodes serves customers globally through operations and sales across the Americas, Europe and Asia.