Jump Financial LLC Purchases New Shares in Diodes Incorporated (NASDAQ:DIOD)

Jump Financial LLC bought a new stake in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 18,314 shares of the semiconductor company's stock, valued at approximately $1,129,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Barclays PLC boosted its holdings in Diodes by 3.3% in the fourth quarter. Barclays PLC now owns 82,419 shares of the semiconductor company's stock worth $5,083,000 after purchasing an additional 2,620 shares in the last quarter. Summit Investment Advisors Inc. increased its position in shares of Diodes by 5.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,772 shares of the semiconductor company's stock valued at $294,000 after purchasing an additional 262 shares during the period. Sterling Capital Management LLC increased its holdings in Diodes by 789.7% in the 4th quarter. Sterling Capital Management LLC now owns 1,290 shares of the semiconductor company's stock valued at $80,000 after buying an additional 1,145 shares during the period. Bessemer Group Inc. lifted its stake in Diodes by 3.4% during the fourth quarter. Bessemer Group Inc. now owns 181,991 shares of the semiconductor company's stock worth $11,224,000 after purchasing an additional 5,990 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Diodes during the 4th quarter worth approximately $7,063,000. Hedge funds and other institutional investors own 99.23% of the company's stock.

Diodes Stock Up 0.8 %

Shares of Diodes stock traded up $0.30 on Friday, reaching $38.53. 421,545 shares of the company were exchanged, compared to its average volume of 414,870. Diodes Incorporated has a one year low of $32.93 and a one year high of $86.74. 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 50-day moving average of $43.68 and a 200 day moving average of $55.08. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 40.56 and a beta of 1.43.

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Diodes news, President Gary Yu sold 2,900 shares of Diodes stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction of $162,516.00. Following the completion of the transaction, the president now directly owns 79,697 shares of the company's stock, valued at $4,466,219.88. The trade was a 3.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brett R. Whitmire sold 830 shares of the company's stock in a transaction on Tuesday, February 4th. The shares were 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 in the company, valued at approximately $2,887,461. This represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,680 shares of company stock worth $262,267. Company insiders own 2.30% of the company's stock.

Diodes Company 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.