4 days Ago By ABMN Staff
Russell Investments Group Ltd. raised its stake in shares of Diodes Incorporated ( NASDAQ:DIOD – Free Report ) by 43.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.
The firm owned 66,163 shares of the semiconductor company’s stock after buying an additional 20,005 shares during the period. Russell Investments Group Ltd. owned approximately 0.
14% of Diodes worth $4,080,000 as of its most recent SEC filing. A number of other hedge funds and other institutional investors also recently made changes to their positions in DIOD. Smartleaf Asset Management LLC increased its stake in shares of Diodes by 198.
5% during the fourth 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 during the period. Quantbot Technologies LP acquired a new position in shares of Diodes during the 4th quarter valued at $79,000.
KBC Group NV raised its stake in shares of Diodes by 36.7% in the 4th quarter. KBC Group NV now owns 1,987 shares of the semiconductor company’s stock worth $123,000 after buying an additional 533 shares in the last quarter.
Xponance Inc. bought a new stake in shares of Diodes in the 4th quarter worth $203,000. Finally, Verdence Capital Advisors LLC acquired a new stake in shares of Diodes in the fourth quarter valued at $250,000.
99.23% of the stock is currently owned by institutional investors. Wall Street Analysts Forecast Growth Several brokerages have commented on DIOD.
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 shares of Diodes from a “hold” rating to a “strong-buy” rating in a report on Monday, April 7th. Benchmark cut their target price on shares of Diodes from $74.00 to $65.
00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Finally, Truist Financial decreased their price target on shares of Diodes from $63.00 to $53.
00 and set a “hold” rating on the stock in a research report on Wednesday, February 12th. Two 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 stock. According to data from MarketBeat.
com, the company has an average rating of “Moderate Buy” and a consensus target price of $56.00. Insiders Place Their Bets In related news, CFO Brett R.
Whitmire sold 830 shares of the firm’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 transaction of $46,513.
20. Following the completion of the sale, the chief financial officer now directly owns 51,525 shares in the company, valued at approximately $2,887,461. This trade represents a 1.
59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website . Also, SVP Emily Yang sold 950 shares of the company’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 transaction of $53,238.00.
Following the completion of the transaction, the senior vice president now owns 65,107 shares in the company, valued at approximately $3,648,596.28. This represents a 1.
44 % decrease in their position. The disclosure for this sale can be found here . In the last three months, insiders have sold 4,680 shares of company stock worth $262,267.
Corporate insiders own 2.30% of the company’s stock. Diodes Trading Down 1.
4 % Shares of DIOD opened at $35.62 on Wednesday. The business’s 50-day moving average price is $46.
49 and its 200 day moving average price is $56.57. 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 stock has a market capitalization of $1.65 billion, a P/E ratio of 37.49 and a beta of 1.
43. Diodes Incorporated has a 1-year low of $32.93 and a 1-year high of $86.
74. Diodes ( NASDAQ:DIOD – Get Free Report ) last released its earnings results on Tuesday, February 11th. The semiconductor company reported $0.
27 earnings per share 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%.
Analysts expect that Diodes Incorporated will post 1.82 earnings per share for the current year. About Diodes ( Free Report ) 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. See Also Want to see what other hedge funds are holding DIOD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Diodes Incorporated ( NASDAQ:DIOD – Free Report ).
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