Lisanti Capital Growth LLC acquired a new stake in Diodes Incorporated (NASDAQ:DIOD – Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 42,020 shares of the semiconductor company’s stock, valued at approximately $4,067,000. Lisanti Capital Growth LLC owned 0.09% of Diodes at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of DIOD. BlackRock Inc. purchased a new position in Diodes during the second quarter worth about $803,920,000. William Blair Investment Management LLC acquired a new stake in shares of Diodes during the second quarter valued at about $184,153,000. Dimensional Fund Advisors LP raised its stake in shares of Diodes by 2.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,436,359 shares of the semiconductor company’s stock valued at $166,294,000 after acquiring an additional 53,934 shares during the period. Andar Capital Management HK Ltd purchased a new stake in shares of Diodes in the 2nd quarter valued at approximately $80,000,000. Finally, Artemis Investment Management LLP raised its stake in shares of Diodes by 28.3% in the 3rd quarter. Artemis Investment Management LLP now owns 450,633 shares of the semiconductor company’s stock valued at $43,617,000 after acquiring an additional 99,286 shares during the period. 99.23% of the stock is currently owned by hedge funds and other institutional investors.
Diodes Trading Up 5.2%
DIOD opened at $91.27 on Thursday. Diodes Incorporated has a 12 month low of $42.28 and a 12 month high of $125.99. The stock has a market capitalization of $4.17 billion, a price-to-earnings ratio of 36.65 and a beta of 1.96. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.07 and a quick ratio of 2.02. The business has a fifty day moving average price of $90.00 and a 200 day moving average price of $88.39.
Diodes (NASDAQ:DIOD – Get Free Report) last posted its quarterly earnings results on Thursday, November 5th. The semiconductor company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.13. The company had revenue of $532.59 million for the quarter, compared to analyst estimates of $512.94 million. Diodes had a return on equity of 6.17% and a net margin of 6.51%. Diodes’s revenue for the quarter was up 35.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.37 EPS. Sell-side analysts expect that Diodes Incorporated will post 3.66 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several brokerages have recently commented on DIOD. Wells Fargo & Company set a $135.00 price objective on shares of Diodes in a report on Tuesday, October 6th. Zacks Research upgraded shares of Diodes from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Robert W. Baird set a $192.00 target price on Diodes in a research report on Thursday, August 6th. Needham & Company LLC cut their target price on Diodes from $110.00 to $100.00 and set a “buy” rating on the stock in a research report on Friday, November 6th. Finally, Wall Street Zen upgraded Diodes from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 24th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Diodes has a consensus rating of “Buy” and a consensus price target of $129.17.
Get Our Latest Report on Diodes
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.
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