Assenagon Asset Management S.A. Takes Position in Diodes Incorporated (NASDAQ:DIOD)

Assenagon Asset Management S.A. purchased a new stake in shares of Diodes Incorporated (NASDAQ:DIOD) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 49,090 shares of the semiconductor company’s stock, valued at approximately $3,027,000. Assenagon Asset Management S.A. owned 0.11% of Diodes as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Truvestments Capital LLC bought a new stake in shares of Diodes during the third quarter valued at about $29,000. GAMMA Investing LLC increased 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 valued at $49,000 after buying an additional 312 shares during the period. KBC Group NV increased its position in shares of Diodes by 33.9% during the third quarter. KBC Group NV now owns 1,454 shares of the semiconductor company’s stock valued at $93,000 after buying an additional 368 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of Diodes during the second quarter valued at about $173,000. Finally, Quest Partners LLC bought a new stake in shares of Diodes during the third quarter valued at about $184,000. 99.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Truist Financial decreased their price target on Diodes from $69.00 to $62.00 and set a “hold” rating on the stock in a research report on Friday, November 8th. Benchmark decreased their price objective on shares of Diodes from $83.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, November 11th. Finally, StockNews.com upgraded shares of Diodes from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $72.80.

Diodes Stock Up 3.7 %

DIOD stock opened at $63.15 on Wednesday. The company has a current ratio of 3.58, a quick ratio of 2.21 and a debt-to-equity ratio of 0.01. The company’s 50 day moving average is $61.90 and its 200 day moving average is $65.25. The stock has a market cap of $2.93 billion, a price-to-earnings ratio of 47.84 and a beta of 1.32. Diodes Incorporated has a 1-year low of $52.71 and a 1-year high of $86.74.

Diodes (NASDAQ:DIOD) last issued its earnings results on Thursday, November 7th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.04. The business had revenue of $350.08 million during the quarter, compared to analyst estimates of $346.30 million. Diodes had a return on equity of 3.90% and a net margin of 4.72%. During the same quarter in the prior year, the firm earned $1.13 earnings per share. Sell-side analysts predict that Diodes Incorporated will post 1.35 EPS for the current fiscal year.

Diodes 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.