Bessemer Group Inc. Has $20.71 Million Position in Diodes Incorporated $DIOD

Bessemer Group Inc. boosted its holdings in Diodes Incorporated (NASDAQ:DIOD) by 14.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 419,648 shares of the semiconductor company’s stock after acquiring an additional 53,039 shares during the quarter. Bessemer Group Inc.’s holdings in Diodes were worth $20,707,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of DIOD. Arrowstreet Capital Limited Partnership acquired a new position in Diodes in the third quarter valued at approximately $37,519,000. Invesco Ltd. lifted its holdings in Diodes by 183.0% in the third quarter. Invesco Ltd. now owns 519,013 shares of the semiconductor company’s stock valued at $27,617,000 after buying an additional 335,644 shares during the period. 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 buying an additional 228,976 shares during the period. Lazard Asset Management LLC lifted its holdings in Diodes by 671.4% in the third quarter. Lazard Asset Management LLC now owns 220,951 shares of the semiconductor company’s stock valued at $11,757,000 after buying an additional 192,309 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Diodes by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 6,154,859 shares of the semiconductor company’s stock valued at $303,681,000 after buying an additional 166,603 shares during the period. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DIOD shares. Wall Street Zen upgraded shares of Diodes from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Weiss Ratings upgraded shares of Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, January 21st. Benchmark increased their price objective on shares of Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Truist Financial increased their price objective on shares of Diodes from $98.00 to $139.00 and gave the company a “buy” rating in a report on Friday, May 8th. Finally, Zacks Research raised shares of Diodes from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $113.00.

Insider Buying and Selling at Diodes

In related news, insider Jin Zhao sold 2,760 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were sold at an average price of $102.36, for a total transaction of $282,513.60. Following the sale, the insider directly owned 47,220 shares in the company, valued at $4,833,439.20. This trade represents a 5.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Brett R. Whitmire sold 16,556 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $103.34, for a total transaction of $1,710,897.04. Following the sale, the chief financial officer owned 44,632 shares in the company, valued at approximately $4,612,270.88. The trade was a 27.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 136,611 shares of company stock valued at $10,199,935 over the last quarter. 1.70% of the stock is currently owned by corporate insiders.

Diodes Trading Down 3.5%

Shares of NASDAQ:DIOD opened at $100.04 on Friday. Diodes Incorporated has a 12 month low of $42.28 and a 12 month high of $117.80. The company has a quick ratio of 1.97, a current ratio of 3.17 and a debt-to-equity ratio of 0.01. The company’s fifty day simple moving average is $83.71 and its 200 day simple moving average is $65.15. The firm has a market cap of $4.60 billion, a price-to-earnings ratio of 54.37 and a beta of 1.93.

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

About Diodes

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.