Diodes Incorporated (NASDAQ:DIOD) Shares Purchased by Sei Investments Co.

Sei Investments Co. lifted its position in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) by 7.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 608,535 shares of the semiconductor company's stock after buying an additional 44,387 shares during the period. Sei Investments Co. owned approximately 1.31% of Diodes worth $37,528,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in DIOD. Truvestments Capital LLC acquired a new position in Diodes during the third quarter valued at approximately $29,000. Smartleaf Asset Management LLC lifted its holdings in shares of Diodes by 198.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company's stock valued at $48,000 after acquiring an additional 522 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Diodes during the 4th quarter worth $79,000. KBC Group NV increased its holdings in Diodes by 36.7% in the 4th 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. Finally, Quest Partners LLC purchased a new position in Diodes in the third quarter valued at about $184,000. 99.23% of the stock is owned by hedge funds and other institutional investors.

Diodes Stock Down 6.3 %

DIOD stock traded down $2.91 during trading on Friday, reaching $43.32. The stock had a trading volume of 307,853 shares, compared to its average volume of 390,355. The firm has a fifty day moving average price of $52.52 and a 200 day moving average price of $58.80. The company has a current ratio of 3.26, a quick ratio of 1.99 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $2.01 billion, a P/E ratio of 45.60 and a beta of 1.31. Diodes Incorporated has a 1-year low of $42.94 and a 1-year high of $86.74.

Remove Ads

Diodes (NASDAQ:DIOD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 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%. On average, equities analysts anticipate that Diodes Incorporated will post 1.82 earnings per share for the current year.

Insider Transactions at Diodes

In other Diodes news, SVP Emily Yang sold 950 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total transaction of $53,238.00. Following the transaction, the senior vice president now owns 65,107 shares of the company's stock, valued at $3,648,596.28. This trade represents a 1.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Gary Yu sold 2,900 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total value of $162,516.00. Following the completion of the sale, the president now owns 79,697 shares of the company's stock, valued at $4,466,219.88. This trade represents a 3.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,680 shares of company stock valued at $262,267. 2.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on DIOD shares. Benchmark lowered their target price on Diodes from $74.00 to $65.00 and set a "buy" rating for the company in a research note on Wednesday, February 12th. Truist Financial decreased their price target on Diodes from $63.00 to $53.00 and set a "hold" rating for the company in a report on Wednesday, February 12th.

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.