Jupiter Topco LLC bought a new stake in shares of Diodes Incorporated (NASDAQ:DIOD – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 64,530 shares of the semiconductor company’s stock, valued at approximately $7,062,000. Jupiter Topco LLC owned about 0.14% of Diodes at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its position in shares of Diodes by 77.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock worth $25,000 after buying an additional 205 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Diodes by 51.4% during the fourth quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 200 shares during the period. Geneos Wealth Management Inc. bought a new position in Diodes in the second quarter worth about $30,000. Quarry LP bought a new position in Diodes in the third quarter worth about $39,000. Finally, Global Retirement Partners LLC boosted its stake in Diodes by 563.1% in the fourth quarter. Global Retirement Partners LLC now owns 809 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 687 shares during the period. 99.23% of the stock is owned by institutional investors and hedge funds.
Diodes Stock Performance
Shares of Diodes stock opened at $88.00 on Monday. The business has a fifty day simple moving average of $95.68 and a 200-day simple moving average of $90.14. Diodes Incorporated has a fifty-two week low of $42.28 and a fifty-two week high of $125.99. The firm has a market cap of $4.05 billion, a price-to-earnings ratio of 47.57 and a beta of 1.91. The company has a quick ratio of 1.99, a current ratio of 3.17 and a debt-to-equity ratio of 0.01.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the company. Zacks Research upgraded Diodes from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Weiss Ratings restated a “hold (c)” rating on shares of Diodes in a research note on Wednesday, July 15th. Robert W. Baird set a $192.00 target price on Diodes in a research note on Thursday, August 6th. Wall Street Zen upgraded shares of Diodes from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. Finally, Truist Financial dropped their price objective on shares of Diodes from $139.00 to $133.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. One 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 MarketBeat, Diodes has an average rating of “Buy” and an average price target of $135.00.
Read Our Latest Stock Report on DIOD
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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