GSA Capital Partners LLP Buys New Shares in Diodes Incorporated (NASDAQ:DIOD)

GSA Capital Partners LLP bought a new position in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 14,381 shares of the semiconductor company's stock, valued at approximately $922,000.

Other hedge funds have also modified their holdings of the company. Janney Montgomery Scott LLC increased its stake in Diodes by 77.0% during the first quarter. Janney Montgomery Scott LLC now owns 8,227 shares of the semiconductor company's stock worth $580,000 after acquiring an additional 3,580 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Diodes in the 1st quarter valued at about $183,000. ProShare Advisors LLC lifted its position in Diodes by 7.4% in the first quarter. ProShare Advisors LLC now owns 9,126 shares of the semiconductor company's stock valued at $643,000 after buying an additional 627 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in Diodes by 30.8% during the first quarter. State Board of Administration of Florida Retirement System now owns 16,875 shares of the semiconductor company's stock worth $1,190,000 after buying an additional 3,972 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Diodes by 2.3% during the first quarter. Vanguard Group Inc. now owns 5,782,828 shares of the semiconductor company's stock worth $407,689,000 after buying an additional 132,101 shares during the period. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Diodes Stock Performance

NASDAQ DIOD traded down $2.00 on Friday, hitting $53.01. 301,633 shares of the company's stock were exchanged, compared to its average volume of 313,578. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.58 and a quick ratio of 2.21. The firm's 50-day moving average price is $61.91 and its two-hundred day moving average price is $68.70. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 40.16 and a beta of 1.32. Diodes Incorporated has a fifty-two week low of $52.80 and a fifty-two week high of $86.74.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Benchmark dropped their price objective on Diodes from $83.00 to $75.00 and set a "buy" rating for the company in a research note on Monday, November 11th. StockNews.com raised Diodes from a "sell" rating to a "hold" rating in a research report on Monday, November 11th. Finally, Truist Financial reduced their price target on shares of Diodes from $69.00 to $62.00 and set a "hold" rating on the stock in a research report on Friday, November 8th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Diodes presently has an average rating of "Hold" and a consensus price target of $72.80.

Insider Transactions at Diodes

In related news, CEO Keh Shew Lu sold 20,010 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $67.25, for a total transaction of $1,345,672.50. Following the sale, the chief executive officer now owns 246,492 shares of the company's stock, valued at $16,576,587. This trade represents a 7.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brett R. Whitmire sold 1,900 shares of the business's stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $69.99, for a total transaction of $132,981.00. Following the completion of the transaction, the chief financial officer now directly owns 46,365 shares of the company's stock, valued at $3,245,086.35. The trade was a 3.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,182 shares of company stock valued at $1,640,921 in the last quarter. 2.30% of the stock is currently owned by corporate insiders.

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.