Diodes Incorporated $DIOD Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC grew its stake in shares of Diodes Incorporated (NASDAQ:DIOD) by 0.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,350,436 shares of the semiconductor company’s stock after purchasing an additional 11,799 shares during the quarter. Geode Capital Management LLC’s holdings in Diodes were worth $66,640,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in DIOD. AQR Capital Management LLC grew its holdings in Diodes by 12.4% during the 1st quarter. AQR Capital Management LLC now owns 6,028 shares of the semiconductor company’s stock worth $260,000 after acquiring an additional 663 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Diodes by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,148 shares of the semiconductor company’s stock worth $1,172,000 after acquiring an additional 1,186 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in 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 acquiring an additional 47,500 shares in the last quarter. Woodline Partners LP acquired a new position in Diodes during the 1st quarter worth $559,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Diodes by 6.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 104,719 shares of the semiconductor company’s stock valued at $4,521,000 after buying an additional 6,708 shares during the period. 99.23% of the stock is owned by institutional investors and hedge funds.

Diodes Trading Up 3.6%

Shares of NASDAQ:DIOD opened at $104.66 on Tuesday. The company has a market cap of $4.81 billion, a PE ratio of 56.88 and a beta of 1.90. The company’s 50-day moving average price is $95.86 and its 200 day moving average price is $71.39. Diodes Incorporated has a fifty-two week low of $42.28 and a fifty-two week high of $121.96. The company has a quick ratio of 1.97, a current ratio of 3.17 and a debt-to-equity ratio of 0.01.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.08. The firm had revenue of $405.47 million for the quarter, compared to the consensus estimate of $396.33 million. Diodes had a net margin of 5.50% and a return on equity of 3.48%. Diodes’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period last year, the firm posted $0.19 EPS. Sell-side analysts anticipate that Diodes Incorporated will post 2.58 earnings per share for the current year.

Insider Transactions at Diodes

In other Diodes news, CTO Francis Tang sold 15,330 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $112.04, for a total transaction of $1,717,573.20. Following the sale, the chief technology officer directly owned 71,438 shares in the company, valued at approximately $8,003,913.52. The trade was a 17.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Emily Yang sold 3,000 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $110.08, for a total transaction of $330,240.00. Following the sale, the senior vice president owned 61,878 shares in the company, valued at $6,811,530.24. This trade represents a 4.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 70,981 shares of company stock worth $7,616,906 over the last 90 days. Corporate insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on DIOD shares. Robert W. Baird set a $120.00 price target on shares of Diodes in a report on Friday, May 8th. Zacks Research raised shares of Diodes from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Benchmark lifted their price target on shares of Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Wall Street Zen raised shares of Diodes from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Finally, Truist Financial lifted their price target on shares of Diodes from $98.00 to $139.00 and gave the company a “buy” rating in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $113.00.

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.