Hsbc Holdings PLC bought a new position in Diodes Incorporated (NASDAQ:DIOD – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,582 shares of the semiconductor company’s stock, valued at approximately $707,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Andar Capital Management HK Ltd purchased a new position in shares of Diodes in the 2nd quarter valued at $80,000,000. BlackRock Inc. purchased a new position in shares of Diodes in the second quarter valued at $803,920,000. William Blair Investment Management LLC acquired a new stake in Diodes during the 2nd quarter valued at $184,153,000. Arrowstreet Capital Limited Partnership acquired a new stake in Diodes during the 3rd quarter valued at $37,519,000. Finally, Victory Capital Management Inc. increased its stake in Diodes by 901.2% during the 4th quarter. Victory Capital Management Inc. now owns 509,630 shares of the semiconductor company’s stock worth $25,145,000 after buying an additional 458,727 shares during the period. 99.23% of the stock is owned by institutional investors and hedge funds.
Diodes Price Performance
Shares of DIOD stock opened at $90.03 on Thursday. The firm has a market cap of $4.15 billion, a P/E ratio of 48.67 and a beta of 1.89. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 1.99. Diodes Incorporated has a 1-year low of $42.28 and a 1-year high of $125.99. The firm has a fifty day moving average of $94.08 and a two-hundred day moving average of $90.54.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the stock. Robert W. Baird set a $192.00 price objective on shares of Diodes in a research report on Thursday, August 6th. Wall Street Zen raised Diodes from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Diodes in a research note on Wednesday, July 15th. Truist Financial reduced their price target on Diodes from $139.00 to $133.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Finally, Zacks Research upgraded Diodes from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Diodes presently has an average rating of “Buy” and an average price target of $135.00.
Get Our Latest Stock Analysis on Diodes
Diodes Company Profile
Diodes Incorporated (NASDAQ: DIOD) is a global manufacturer and supplier of high‐performance discrete, logic, analog and mixed‐signal semiconductor products. Headquartered in Plano, Texas, the company designs and develops a broad range of discrete components, standard logic functions, power management circuits, interface products and array products. Its portfolio includes rectifiers, MOSFETs, general‐purpose diodes, voltage regulators, comparators, buffers and other building blocks for electronic systems.
Diodes Incorporated serves a variety of end markets such as automotive, computing, communications, consumer electronics, industrial and lighting.
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