Diodes Incorporated $DIOD Holdings Lifted by Global Alpha Capital Management Ltd.

Global Alpha Capital Management Ltd. grew its position in Diodes Incorporated (NASDAQ:DIOD) by 1.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 855,090 shares of the semiconductor company’s stock after buying an additional 13,420 shares during the period. Diodes makes up approximately 2.6% of Global Alpha Capital Management Ltd.’s investment portfolio, making the stock its 12th largest position. Global Alpha Capital Management Ltd.’s holdings in Diodes were worth $42,190,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Diodes in the 3rd quarter worth approximately $37,519,000. Bessemer Group Inc. lifted its stake in shares of Diodes by 178,733.7% in the 3rd quarter. Bessemer Group Inc. now owns 366,609 shares of the semiconductor company’s stock worth $19,508,000 after acquiring an additional 366,404 shares during the period. Invesco Ltd. lifted its stake in shares of Diodes by 183.0% in the 3rd quarter. Invesco Ltd. now owns 519,013 shares of the semiconductor company’s stock worth $27,617,000 after acquiring an additional 335,644 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Diodes by 132.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 402,105 shares of the semiconductor company’s stock worth $21,267,000 after acquiring an additional 228,976 shares during the period. Finally, Lazard Asset Management LLC lifted its stake in shares of Diodes by 671.4% in the 3rd quarter. Lazard Asset Management LLC now owns 220,951 shares of the semiconductor company’s stock worth $11,757,000 after acquiring an additional 192,309 shares during the period. Institutional investors own 99.23% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on DIOD shares. Benchmark upped their price target on shares of Diodes from $62.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Zacks Research raised shares of Diodes from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Truist Financial upped their price target on shares of Diodes from $98.00 to $139.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Robert W. Baird set a $120.00 price target on shares of Diodes in a research note on Friday, May 8th. Finally, Wall Street Zen raised shares of Diodes from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. One 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. Based on data from MarketBeat.com, Diodes currently has a consensus rating of “Buy” and an average price target of $113.00.

Insider Transactions at Diodes

In other Diodes news, insider Jin Zhao sold 3,689 shares of Diodes stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $106.86, for a total transaction of $394,206.54. Following the completion of the sale, the insider owned 43,531 shares of the company’s stock, valued at $4,651,722.66. This trade represents a 7.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Emily Yang sold 3,000 shares of Diodes stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $110.08, for a total transaction of $330,240.00. Following the sale, the senior vice president directly owned 61,878 shares of the company’s stock, valued at $6,811,530.24. This trade represents a 4.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 70,981 shares of company stock worth $7,616,906. 1.70% of the stock is currently owned by insiders.

Diodes Trading Down 10.2%

Diodes stock opened at $101.06 on Friday. The company has a 50 day moving average price of $95.19 and a 200 day moving average price of $70.77. Diodes Incorporated has a 52 week low of $42.28 and a 52 week high of $121.96. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 3.17. The firm has a market capitalization of $4.64 billion, a price-to-earnings ratio of 54.92 and a beta of 1.90.

Diodes (NASDAQ:DIOD) last posted 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 firm had revenue of $405.47 million during the quarter, compared to analyst estimates of $396.33 million. During the same quarter last year, the business posted $0.19 EPS. The company’s revenue was up 22.1% on a year-over-year basis. Research analysts forecast that Diodes Incorporated will post 2.58 EPS for the current year.

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.