42,020 Shares in Diodes Incorporated $DIOD Acquired by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC acquired a new stake in Diodes Incorporated (NASDAQ:DIOD) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 42,020 shares of the semiconductor company’s stock, valued at approximately $4,067,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Leuthold Group LLC grew its stake in shares of Diodes by 64.1% during the third quarter. Leuthold Group LLC now owns 7,844 shares of the semiconductor company’s stock worth $759,000 after purchasing an additional 3,065 shares in the last quarter. Fulcrum Asset Management LLP raised its stake in Diodes by 788.3% in the third quarter. Fulcrum Asset Management LLP now owns 12,258 shares of the semiconductor company’s stock valued at $1,191,000 after buying an additional 10,878 shares in the last quarter. Ethic Inc. raised its stake in Diodes by 15.4% in the third quarter. Ethic Inc. now owns 2,242 shares of the semiconductor company’s stock valued at $217,000 after buying an additional 299 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in Diodes by 2.9% in the third quarter. Commonwealth Equity Services LLC now owns 6,378 shares of the semiconductor company’s stock valued at $617,000 after buying an additional 177 shares in the last quarter. Finally, Bridge City Capital LLC lifted its holdings in Diodes by 14.2% during the 3rd quarter. Bridge City Capital LLC now owns 98,782 shares of the semiconductor company’s stock worth $9,561,000 after buying an additional 12,251 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Diodes Stock Up 5.2%

Diodes stock opened at $91.27 on Thursday. Diodes Incorporated has a twelve month low of $42.28 and a twelve month high of $125.99. The stock has a 50 day moving average of $90.00 and a two-hundred day moving average of $88.39. The company has a current ratio of 3.07, a quick ratio of 2.02 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $4.17 billion, a price-to-earnings ratio of 36.65 and a beta of 1.96.

Diodes (NASDAQ:DIOD) last released its earnings results on Thursday, November 5th. The semiconductor company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.13. The business had revenue of $532.59 million for the quarter, compared to analyst estimates of $512.94 million. Diodes had a return on equity of 6.17% and a net margin of 6.51%. The company’s revenue for the quarter was up 35.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 earnings per share. As a group, research analysts expect that Diodes Incorporated will post 3.66 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on DIOD shares. Robert W. Baird set a $192.00 price target on Diodes in a report on Thursday, August 6th. Bank of America began coverage on Diodes in a report on Tuesday, October 6th. They issued a “buy” rating and a $135.00 price objective on the stock. Zacks Research raised Diodes from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Needham & Company LLC decreased their target price on Diodes from $110.00 to $100.00 and set a “buy” rating for the company in a research note on Friday, November 6th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Diodes in a research note on Tuesday, October 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $129.17.

About Diodes

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.