Wedge Capital Management L L P NC Increases Stock Holdings in Diodes Incorporated (NASDAQ:DIOD)

Wedge Capital Management L L P NC raised its stake in shares of Diodes Incorporated (NASDAQ:DIOD) by 14.4% in the 4th quarter, HoldingsChannel.com reports. 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’s holdings in Diodes were worth $4,104,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Federated Hermes Inc. raised its position in shares of Diodes by 3.3% in the 2nd quarter. Federated Hermes Inc. now owns 15,514 shares of the semiconductor company’s stock worth $1,116,000 after buying an additional 502 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Diodes by 8.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,913,282 shares of the semiconductor company’s stock worth $137,620,000 after purchasing an additional 141,610 shares during the period. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Diodes by 19.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,798 shares of the semiconductor company’s stock worth $488,000 after purchasing an additional 1,100 shares during the period. Hsbc Holdings PLC increased its position in Diodes by 20.1% during the 2nd quarter. Hsbc Holdings PLC now owns 6,923 shares of the semiconductor company’s stock worth $501,000 after purchasing an additional 1,157 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in Diodes during the second quarter valued at approximately $173,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on DIOD. 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. Benchmark lowered their target price on Diodes from $83.00 to $75.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Finally, StockNews.com raised Diodes from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $72.80.

Diodes Trading Up 0.9 %

NASDAQ:DIOD opened at $60.91 on Monday. The stock 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 one year low of $52.71 and a one year high of $86.74. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.21 and a current ratio of 3.58. The business’s 50-day simple moving average is $61.83 and its 200 day simple moving average is $65.40.

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.