SG Americas Securities LLC Takes $663,000 Position in Diodes Incorporated $DIOD

SG Americas Securities LLC bought a new position in shares of Diodes Incorporated (NASDAQ:DIOD) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 12,454 shares of the semiconductor company’s stock, valued at approximately $663,000.

Other institutional investors have also recently made changes to their positions in the company. Global Alpha Capital Management Ltd. raised its position in shares of Diodes by 56.9% during the 2nd quarter. Global Alpha Capital Management Ltd. now owns 846,070 shares of the semiconductor company’s stock worth $44,749,000 after purchasing an additional 306,900 shares during the last quarter. Bank of America Corp DE boosted its holdings in Diodes by 17.2% in the 2nd quarter. Bank of America Corp DE now owns 417,448 shares of the semiconductor company’s stock valued at $22,079,000 after purchasing an additional 61,177 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Diodes by 132.3% in the second quarter. Ameriprise Financial Inc. now owns 402,105 shares of the semiconductor company’s stock valued at $21,267,000 after acquiring an additional 228,976 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Diodes by 13.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 391,005 shares of the semiconductor company’s stock worth $16,880,000 after purchasing an additional 47,500 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Diodes by 5.3% in the second quarter. Bank of New York Mellon Corp now owns 313,803 shares of the semiconductor company’s stock valued at $16,597,000 after buying an additional 15,923 shares during the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DIOD. Zacks Research raised shares of Diodes from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Truist Financial boosted their target price on Diodes from $51.00 to $54.00 and gave the company a “hold” rating in a research report on Friday, December 19th. Weiss Ratings restated a “sell (d+)” rating on shares of Diodes in a research report on Monday, December 29th. Finally, Wall Street Zen downgraded Diodes from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $55.33.

Diodes Stock Up 4.8%

Shares of NASDAQ DIOD opened at $59.04 on Thursday. The stock has a market cap of $2.74 billion, a P/E ratio of 42.78 and a beta of 1.65. The business’s fifty day simple moving average is $50.39 and its 200-day simple moving average is $52.26. Diodes Incorporated has a 12-month low of $32.93 and a 12-month high of $64.60. The company has a current ratio of 3.32, a quick ratio of 2.09 and a debt-to-equity ratio of 0.01.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings results on Thursday, November 6th. The semiconductor company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). The company had revenue of $392.17 million for the quarter, compared to analysts’ expectations of $392.17 million. Diodes had a return on equity of 2.81% and a net margin of 4.49%.Diodes’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 EPS. As a group, equities analysts predict that Diodes Incorporated will post 1.82 EPS for the current fiscal year.

Insider Activity at Diodes

In other news, Director Keh Shew Lu sold 6,000 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $47.42, for a total value of $284,520.00. Following the sale, the director directly owned 244,397 shares in the company, valued at approximately $11,589,305.74. This trade represents a 2.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.90% of the company’s stock.

Diodes Profile

Diodes Incorporated (NASDAQ: DIOD) is a global manufacturer and supplier of high‐performance discrete, logic, analog and mixed‐signal semiconductor products. Headquartered in Plano, Texas, the company designs and develops a broad range of discrete components, standard logic functions, power management circuits, interface products and array products. Its portfolio includes rectifiers, MOSFETs, general‐purpose diodes, voltage regulators, comparators, buffers and other building blocks for electronic systems.

Diodes Incorporated serves a variety of end markets such as automotive, computing, communications, consumer electronics, industrial and lighting.