Diodes Incorporated (NASDAQ:DIOD) Shares Purchased by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lifted its position in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) by 14.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 66,550 shares of the semiconductor company's stock after purchasing an additional 8,355 shares during the quarter. Wedge Capital Management L L P NC owned about 0.14% of Diodes worth $4,104,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of DIOD. GAMMA Investing LLC lifted its position in shares of Diodes by 68.9% during the third quarter. GAMMA Investing LLC now owns 765 shares of the semiconductor company's stock worth $49,000 after purchasing an additional 312 shares in the last quarter. KBC Group NV lifted its holdings in Diodes by 33.9% in the 3rd quarter. KBC Group NV now owns 1,454 shares of the semiconductor company's stock worth $93,000 after buying an additional 368 shares in the last quarter. Truvestments Capital LLC purchased a new position in Diodes in the 3rd quarter valued at about $29,000. Federated Hermes Inc. grew its stake in shares of Diodes by 3.3% during the second quarter. Federated Hermes Inc. now owns 15,514 shares of the semiconductor company's stock valued at $1,116,000 after acquiring an additional 502 shares in the last quarter. Finally, Tectonic Advisors LLC grew its stake in shares of Diodes by 5.0% during the third quarter. Tectonic Advisors LLC now owns 10,689 shares of the semiconductor company's stock valued at $685,000 after acquiring an additional 508 shares in the last quarter. Hedge funds and other institutional investors own 99.23% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on DIOD shares. StockNews.com upgraded Diodes from a "sell" rating to a "hold" rating in a report on Monday, November 11th. Benchmark decreased their price objective on shares of Diodes from $83.00 to $75.00 and set a "buy" rating for the company in a report on Monday, November 11th. Finally, Truist Financial cut their target price on shares of Diodes from $69.00 to $62.00 and set a "hold" rating on the stock in a research note on Friday, November 8th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $72.80.

Diodes Stock Performance

Diodes stock traded up $0.56 during mid-day trading on Monday, reaching $60.91. The company's stock had a trading volume of 598,592 shares, compared to its average volume of 314,216. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of 46.14 and a beta of 1.32. Diodes Incorporated has a twelve month low of $52.71 and a twelve month high of $86.74. The business has a 50 day moving average price of $61.82 and a 200-day moving average price of $65.32. The company has a current ratio of 3.58, a quick ratio of 2.21 and a debt-to-equity ratio of 0.01.

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.