10,606 Shares in Diodes Incorporated (NASDAQ:DIOD) Acquired by Versor Investments LP

Versor Investments LP acquired a new stake in Diodes Incorporated (NASDAQ:DIOD - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,606 shares of the semiconductor company's stock, valued at approximately $680,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. GAMMA Investing LLC increased its holdings in shares of Diodes by 66.5% during the second quarter. GAMMA Investing LLC now owns 453 shares of the semiconductor company's stock worth $33,000 after buying an additional 181 shares in the last quarter. EntryPoint Capital LLC bought a new position in Diodes in the 1st quarter valued at $40,000. Innealta Capital LLC acquired a new position in Diodes in the second quarter worth $88,000. EMC Capital Management grew its holdings in shares of Diodes by 25.8% during the first quarter. EMC Capital Management now owns 1,632 shares of the semiconductor company's stock worth $115,000 after purchasing an additional 335 shares during the last quarter. Finally, Hantz Financial Services Inc. acquired a new stake in shares of Diodes in the second quarter valued at $147,000. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Benchmark reduced their price target on shares of Diodes from $83.00 to $75.00 and set a "buy" rating on the stock in a research report on Monday. Truist Financial reduced their target price 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. Finally, StockNews.com raised shares of Diodes from a "sell" rating to a "hold" rating in a report on Monday. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $72.80.

Insiders Place Their Bets

In other Diodes news, SVP Emily Yang sold 1,272 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $72.16, for a total value of $91,787.52. Following the sale, the senior vice president now directly owns 29,028 shares in the company, valued at approximately $2,094,660.48. This trade represents a 4.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Brett R. Whitmire sold 1,900 shares of Diodes stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $69.99, for a total transaction of $132,981.00. Following the transaction, the chief financial officer now directly owns 46,365 shares in the company, valued at approximately $3,245,086.35. This represents a 3.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,182 shares of company stock valued at $1,640,921. Company insiders own 2.30% of the company's stock.

Diodes Trading Down 2.3 %

Shares of NASDAQ DIOD traded down $1.32 during mid-day trading on Thursday, hitting $55.01. The company's stock had a trading volume of 399,103 shares, compared to its average volume of 345,773. 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 stock has a market cap of $2.55 billion, a price-to-earnings ratio of 41.67 and a beta of 1.32. The company's fifty day simple moving average is $62.07 and its 200-day simple moving average is $68.89. Diodes Incorporated has a one year low of $53.97 and a one year high of $86.74.

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.