Fulcrum Asset Management LLP Purchases 10,878 Shares of Diodes Incorporated $DIOD

Fulcrum Asset Management LLP lifted its position in Diodes Incorporated (NASDAQ:DIOD) by 788.3% in the third quarter, HoldingsChannel.com reports. The firm owned 12,258 shares of the semiconductor company’s stock after acquiring an additional 10,878 shares during the period. Fulcrum Asset Management LLP’s holdings in Diodes were worth $1,191,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the company. Ethic Inc. lifted its holdings in shares of Diodes by 15.4% during the third quarter. Ethic Inc. now owns 2,242 shares of the semiconductor company’s stock valued at $217,000 after acquiring an additional 299 shares during the period. Commonwealth Equity Services LLC grew its holdings 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 worth $617,000 after purchasing an additional 177 shares during the last quarter. Bridge City Capital LLC grew its holdings in shares of Diodes by 14.2% in the 3rd quarter. Bridge City Capital LLC now owns 98,782 shares of the semiconductor company’s stock worth $9,561,000 after purchasing an additional 12,251 shares during the last quarter. Vise Technologies Inc. grew its holdings in shares of Diodes by 23.6% in the 3rd quarter. Vise Technologies Inc. now owns 4,431 shares of the semiconductor company’s stock worth $429,000 after purchasing an additional 846 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in Diodes by 40.0% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 5,600 shares of the semiconductor company’s stock valued at $542,000 after purchasing an additional 1,600 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DIOD. Wall Street Zen upgraded shares of Diodes from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 24th. Truist Financial reduced their target price on Diodes from $139.00 to $133.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Weiss Ratings restated a “hold (c)” rating on shares of Diodes in a research report on Tuesday, October 13th. Bank of America initiated coverage on Diodes in a report on Tuesday, October 6th. They set a “buy” rating and a $135.00 price target for the company. Finally, Needham & Company LLC dropped their price target on Diodes from $110.00 to $100.00 and set a “buy” rating for the company in a report on Friday, November 6th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $129.17.

Diodes Stock Up 5.2%

Shares of NASDAQ DIOD opened at $91.27 on Thursday. The firm’s 50-day simple moving average is $90.00 and its 200 day simple moving average is $88.39. The company has a market cap of $4.17 billion, a price-to-earnings ratio of 36.65 and a beta of 1.96. The company has a quick ratio of 2.02, a current ratio of 3.07 and a debt-to-equity ratio of 0.19. Diodes Incorporated has a 12-month low of $42.28 and a 12-month high of $125.99.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Thursday, November 5th. The semiconductor company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.13. The firm had revenue of $532.59 million for the quarter, compared to analyst estimates of $512.94 million. Diodes had a net margin of 6.51% and a return on equity of 6.17%. The company’s revenue was up 35.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.37 EPS. On average, research analysts expect that Diodes Incorporated will post 3.66 earnings per share for the current fiscal 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.