Diodes Incorporated (NASDAQ:DIOD) Shares Bought by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC grew its position in Diodes Incorporated (NASDAQ:DIOD) by 0.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 80,957 shares of the semiconductor company’s stock after acquiring an additional 305 shares during the period. Wedge Capital Management L L P NC’s holdings in Diodes were worth $6,519,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. NBC Securities Inc. acquired a new stake in shares of Diodes in the 3rd quarter valued at $59,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in Diodes by 17.5% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,184 shares of the semiconductor company’s stock worth $93,000 after acquiring an additional 176 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in Diodes during the 3rd quarter worth $113,000. Meeder Asset Management Inc. acquired a new stake in Diodes during the 4th quarter worth $143,000. Finally, Signaturefd LLC raised its stake in Diodes by 9.0% during the 3rd quarter. Signaturefd LLC now owns 2,018 shares of the semiconductor company’s stock worth $159,000 after acquiring an additional 167 shares in the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Diodes Trading Up 2.6 %

Shares of Diodes stock opened at $69.68 on Wednesday. Diodes Incorporated has a 1 year low of $60.00 and a 1 year high of $97.37. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.03 and a current ratio of 3.02. The company has a market capitalization of $3.22 billion, a P/E ratio of 14.19 and a beta of 1.46. The company’s fifty day moving average is $68.53 and its two-hundred day moving average is $70.76.

Diodes (NASDAQ:DIOD) last issued its earnings results on Tuesday, February 6th. The semiconductor company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.04. The business had revenue of $322.70 million for the quarter, compared to the consensus estimate of $324.76 million. Diodes had a net margin of 13.67% and a return on equity of 12.79%. The business’s quarterly revenue was down 35.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.73 earnings per share. Analysts forecast that Diodes Incorporated will post 2.55 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on DIOD shares. Wells Fargo & Company cut their price target on shares of Diodes from $80.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 7th. TD Cowen lifted their price target on shares of Diodes from $72.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Finally, Truist Financial cut their price target on shares of Diodes from $78.00 to $67.00 and set a “hold” rating on the stock in a research note on Wednesday, February 7th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $72.40.

Insider Activity

In other news, CEO Keh Shew Lu sold 1,500 shares of Diodes stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $68.06, for a total value of $102,090.00. Following the sale, the chief executive officer now owns 281,992 shares of the company’s stock, valued at $19,192,375.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Keh Shew Lu sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $68.06, for a total value of $102,090.00. Following the completion of the sale, the chief executive officer now owns 281,992 shares in the company, valued at $19,192,375.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brett R. Whitmire sold 3,400 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $67.30, for a total transaction of $228,820.00. Following the completion of the sale, the chief financial officer now owns 48,265 shares of the company’s stock, valued at approximately $3,248,234.50. The disclosure for this sale can be found here. Insiders have sold a total of 25,900 shares of company stock valued at $1,774,570 over the last quarter. Corporate insiders own 2.60% of the company’s stock.

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.