GAMMA Investing LLC Acquires Shares of 368 Diodes Incorporated (NASDAQ:DIOD)

GAMMA Investing LLC bought a new position in Diodes Incorporated (NASDAQ:DIOD) in the fourth quarter, HoldingsChannel reports. The fund bought 368 shares of the semiconductor company’s stock, valued at approximately $30,000.

A number of other institutional investors also recently modified their holdings of the stock. NBC Securities Inc. purchased a new stake in shares of Diodes during the third quarter worth $59,000. Meeder Asset Management Inc. purchased a new stake in shares of Diodes during the 4th quarter worth about $143,000. Signaturefd LLC lifted its holdings in shares of Diodes by 9.0% during the 3rd quarter. Signaturefd LLC now owns 2,018 shares of the semiconductor company’s stock valued at $159,000 after buying an additional 167 shares during the last quarter. Mendota Financial Group LLC grew its stake in shares of Diodes by 8.5% in the 4th quarter. Mendota Financial Group LLC now owns 2,039 shares of the semiconductor company’s stock valued at $164,000 after buying an additional 160 shares in the last quarter. Finally, Outlook Wealth Advisors LLC acquired a new position in Diodes in the fourth quarter worth approximately $204,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

Diodes Price Performance

NASDAQ DIOD opened at $72.79 on Monday. Diodes Incorporated has a 1 year low of $60.00 and a 1 year high of $97.37. The company has a fifty day simple moving average of $69.17 and a 200 day simple moving average of $70.44. The company has a current ratio of 3.02, a quick ratio of 2.03 and a debt-to-equity ratio of 0.01. The company has a market cap of $3.36 billion, a P/E ratio of 14.82 and a beta of 1.44.

Diodes (NASDAQ:DIOD) last released its earnings results on Tuesday, February 6th. The semiconductor company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. The firm had revenue of $322.70 million during the quarter, compared to analyst estimates of $324.76 million. Diodes had a net margin of 13.67% and a return on equity of 12.79%. The business’s revenue was down 35.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.73 EPS. On average, sell-side analysts predict that Diodes Incorporated will post 2.55 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on DIOD shares. TD Cowen lifted their target price on shares of Diodes from $72.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Truist Financial decreased their price objective on shares of Diodes from $78.00 to $67.00 and set a “hold” rating for the company in a report on Wednesday, February 7th. Finally, Wells Fargo & Company cut their target price on Diodes from $80.00 to $70.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 7th. Four 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, the company presently has an average rating of “Hold” and an average price target of $72.40.

Insider Buying and Selling at Diodes

In other news, CEO Keh Shew Lu sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $68.14, for a total transaction of $204,420.00. Following the completion of the transaction, the chief executive officer now directly owns 256,492 shares in the company, valued at $17,477,364.88. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Brett R. Whitmire sold 3,400 shares of Diodes stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $67.30, for a total transaction of $228,820.00. Following the sale, the chief financial officer now directly owns 48,265 shares of the company’s stock, valued at $3,248,234.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Keh Shew Lu sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $68.14, for a total value of $204,420.00. Following the completion of the transaction, the chief executive officer now directly owns 256,492 shares of the company’s stock, valued at approximately $17,477,364.88. The disclosure for this sale can be found here. Insiders have sold 25,900 shares of company stock valued at $1,774,570 in the last 90 days. 2.30% of the stock is currently owned by insiders.

About Diodes

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.