Russell Investments Group Ltd. Acquires 20,005 Shares of Diodes Incorporated (NASDAQ:DIOD)

Russell Investments Group Ltd. raised its stake in Diodes Incorporated (NASDAQ:DIOD - Free Report) by 43.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,163 shares of the semiconductor company's stock after purchasing an additional 20,005 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.14% of Diodes worth $4,080,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Smartleaf Asset Management LLC grew its holdings in Diodes by 198.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company's stock worth $48,000 after purchasing an additional 522 shares during the period. Quantbot Technologies LP bought a new position in Diodes during the 4th quarter worth $79,000. KBC Group NV raised its stake in Diodes by 36.7% in the fourth quarter. KBC Group NV now owns 1,987 shares of the semiconductor company's stock valued at $123,000 after purchasing an additional 533 shares in the last quarter. Xponance Inc. acquired a new stake in shares of Diodes during the 4th quarter worth approximately $203,000. Finally, Verdence Capital Advisors LLC bought a new position in Diodes in the fourth quarter valued at approximately $250,000. Institutional investors and hedge funds own 99.23% of the company's stock.

Insider Activity at Diodes

In other news, SVP Emily Yang sold 950 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction of $53,238.00. Following the completion of the sale, the senior vice president now directly owns 65,107 shares in the company, valued at approximately $3,648,596.28. This represents a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Brett R. Whitmire sold 830 shares of the company's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total transaction of $46,513.20. Following the completion of the transaction, the chief financial officer now owns 51,525 shares of the company's stock, valued at $2,887,461. This trade represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,680 shares of company stock worth $262,267 in the last ninety days. 2.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

DIOD has been the topic of several recent analyst reports. Benchmark decreased their price target on Diodes from $74.00 to $65.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th. Robert W. Baird upgraded shares of Diodes from a "neutral" rating to an "outperform" rating and set a $50.00 target price on the stock in a research note on Monday, April 7th. Truist Financial lowered their price objective on Diodes from $63.00 to $53.00 and set a "hold" rating on the stock in a research note on Wednesday, February 12th. Finally, Baird R W upgraded Diodes from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. Two 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 company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $56.00.

Diodes Price Performance

Shares of NASDAQ:DIOD traded up $0.14 during trading on Friday, reaching $34.40. The company had a trading volume of 635,095 shares, compared to its average volume of 409,895. Diodes Incorporated has a 12 month low of $32.93 and a 12 month high of $86.74. The company has a fifty day moving average of $45.36 and a two-hundred day moving average of $56.02. The stock has a market capitalization of $1.60 billion, a P/E ratio of 36.21 and a beta of 1.43. The company has a current ratio of 3.26, a quick ratio of 1.99 and a debt-to-equity ratio of 0.01.

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

About Diodes

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.