12,220 Shares in Diodes Incorporated (NASDAQ:DIOD) Acquired by Semanteon Capital Management LP

Semanteon Capital Management LP acquired a new stake in Diodes Incorporated (NASDAQ:DIOD) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 12,220 shares of the semiconductor company’s stock, valued at approximately $984,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. GAMMA Investing LLC purchased a new position in Diodes during the 4th quarter worth $30,000. NBC Securities Inc. purchased a new position in shares of Diodes during the third quarter valued at $59,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Diodes by 17.5% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,184 shares of the semiconductor company’s stock valued at $93,000 after acquiring an additional 176 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in Diodes in the third quarter worth about $113,000. Finally, Meeder Asset Management Inc. bought a new position in Diodes during the 4th quarter worth about $143,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Diodes Stock Performance

NASDAQ:DIOD traded up $0.40 during mid-day trading on Thursday, hitting $71.30. The company’s stock had a trading volume of 345,772 shares, compared to its average volume of 346,381. The business’s fifty day moving average is $68.62 and its two-hundred day moving average is $70.77. The stock has a market cap of $3.29 billion, a price-to-earnings ratio of 14.52 and a beta of 1.46. 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 current ratio of 3.02 and a quick ratio of 2.03.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. Diodes had a net margin of 13.67% and a return on equity of 12.79%. The business had revenue of $322.70 million for the quarter, compared to analysts’ expectations of $324.76 million. During the same quarter last year, the company earned $1.73 EPS. The business’s revenue was down 35.0% on a year-over-year basis. Analysts anticipate that Diodes Incorporated will post 2.55 EPS for the current fiscal year.

Insiders Place Their Bets

In other Diodes news, CEO Keh Shew Lu sold 1,500 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $68.06, for a total transaction of $102,090.00. Following the completion of the transaction, the chief executive officer now directly owns 281,992 shares in the company, valued at $19,192,375.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Brett R. Whitmire sold 3,400 shares of the company’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 sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Keh Shew Lu sold 1,500 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $19,192,375.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,900 shares of company stock worth $1,774,570. 2.20% of the stock is owned by corporate insiders.

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.