KLP Kapitalforvaltning AS Makes New $580,000 Investment in Diodes Incorporated (NASDAQ:DIOD)

KLP Kapitalforvaltning AS acquired a new position in Diodes Incorporated (NASDAQ:DIOD - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,400 shares of the semiconductor company's stock, valued at approximately $580,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. grew its position in Diodes by 9.4% in the 4th quarter. Victory Capital Management Inc. now owns 1,907,509 shares of the semiconductor company's stock worth $117,636,000 after purchasing an additional 163,374 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Diodes by 3.6% in the third quarter. Geode Capital Management LLC now owns 1,266,052 shares of the semiconductor company's stock valued at $81,154,000 after buying an additional 43,841 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Diodes by 9.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 687,245 shares of the semiconductor company's stock valued at $42,382,000 after acquiring an additional 61,139 shares during the period. Sei Investments Co. raised its holdings in Diodes by 7.9% in the 4th quarter. Sei Investments Co. now owns 608,535 shares of the semiconductor company's stock valued at $37,528,000 after acquiring an additional 44,387 shares in the last quarter. Finally, William Blair Investment Management LLC lifted its position in shares of Diodes by 2.9% in the 4th quarter. William Blair Investment Management LLC now owns 476,263 shares of the semiconductor company's stock worth $29,371,000 after acquiring an additional 13,310 shares during the period. Institutional investors own 99.23% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on DIOD shares. Robert W. Baird upgraded Diodes from a "neutral" rating to an "outperform" rating and set a $50.00 price objective on the stock in a research report on Monday. Truist Financial dropped their price objective on shares of Diodes from $63.00 to $53.00 and set a "hold" rating for the company in a research note on Wednesday, February 12th. Finally, Benchmark decreased their target price on shares of Diodes from $74.00 to $65.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th.

Diodes Price Performance

Shares of Diodes stock traded up $1.58 during midday trading on Monday, hitting $36.68. 1,082,044 shares of the company were exchanged, compared to its average volume of 398,795. The firm has a 50 day simple moving average of $49.91 and a 200-day simple moving average of $57.89. Diodes Incorporated has a 52 week low of $32.93 and a 52 week high of $86.74. The firm has a market cap of $1.70 billion, a P/E ratio of 38.61 and a beta of 1.43. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.26 and a quick ratio of 1.99.

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

Insiders Place Their Bets

In other news, CFO Brett R. Whitmire sold 830 shares of the 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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Gary Yu sold 2,900 shares of the company's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total transaction of $162,516.00. Following the transaction, the president now owns 79,697 shares in the company, valued at approximately $4,466,219.88. This trade represents a 3.51 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,680 shares of company stock valued at $262,267. 2.30% of the stock is currently owned by insiders.

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.