Diodes Incorporated (NASDAQ:DIOD) Shares Bought by Comerica Bank

Comerica Bank increased its position in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) by 17.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,727 shares of the semiconductor company's stock after purchasing an additional 7,499 shares during the quarter. Comerica Bank owned 0.11% of Diodes worth $3,067,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Hood River Capital Management LLC bought a new position in shares of Diodes in the 4th quarter worth about $72,037,000. Norges Bank bought a new position in Diodes in the fourth quarter worth about $33,933,000. Dimensional Fund Advisors LP boosted its stake in Diodes by 8.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,238,567 shares of the semiconductor company's stock valued at $138,053,000 after acquiring an additional 168,545 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Diodes by 9.4% during the fourth quarter. Victory Capital Management Inc. now owns 1,907,509 shares of the semiconductor company's stock valued at $117,636,000 after purchasing an additional 163,374 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Diodes by 55.9% during the 4th quarter. JPMorgan Chase & Co. now owns 353,595 shares of the semiconductor company's stock worth $21,806,000 after purchasing an additional 126,853 shares during the period. Institutional investors and hedge funds own 99.23% of the company's stock.

Diodes Trading Up 1.3 %

NASDAQ:DIOD opened at $39.21 on Thursday. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 41.28 and a beta of 1.37. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.99 and a current ratio of 3.26. Diodes Incorporated has a 1 year low of $32.93 and a 1 year high of $86.74. The business has a fifty day moving average of $41.31 and a 200-day moving average of $53.70.

Diodes (NASDAQ:DIOD - Get Free Report) last announced its earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.27). Diodes had a net margin of 3.36% and a return on equity of 3.28%. Equities analysts predict that Diodes Incorporated will post 1.82 earnings per share for the current year.

Analyst Ratings Changes

DIOD has been the subject of a number of analyst reports. Benchmark reduced their price objective on Diodes from $74.00 to $65.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. Truist Financial lowered their price target on shares of Diodes from $63.00 to $53.00 and set a "hold" rating for the company in a research report on Wednesday, February 12th. Robert W. Baird upgraded shares of Diodes from a "neutral" rating to an "outperform" rating and set a $50.00 price objective on the stock in a research report on Monday, April 7th. Finally, Baird R W upgraded shares of Diodes from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Diodes has an average rating of "Moderate Buy" and a consensus target price of $56.00.

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.

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