Signaturefd LLC boosted its stake in Diodes Incorporated (NASDAQ:DIOD – Free Report) by 378.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,855 shares of the semiconductor company’s stock after purchasing an additional 2,258 shares during the quarter. Signaturefd LLC’s holdings in Diodes were worth $151,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of the stock. Parallel Advisors LLC lifted its position in Diodes by 52.0% during the second quarter. Parallel Advisors LLC now owns 757 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 259 shares in the last quarter. Fifth Third Bancorp lifted its position in Diodes by 85.8% during the second quarter. Fifth Third Bancorp now owns 628 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 290 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in Diodes by 1.9% during the first quarter. Nisa Investment Advisors LLC now owns 15,696 shares of the semiconductor company’s stock valued at $678,000 after buying an additional 297 shares in the last quarter. QRG Capital Management Inc. lifted its position in Diodes by 5.4% during the first quarter. QRG Capital Management Inc. now owns 6,290 shares of the semiconductor company’s stock valued at $272,000 after buying an additional 323 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Diodes by 283.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 544 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 402 shares in the last quarter. 99.23% of the stock is currently owned by hedge funds and other institutional investors.
Diodes Price Performance
Shares of NASDAQ DIOD opened at $52.58 on Friday. Diodes Incorporated has a twelve month low of $32.93 and a twelve month high of $67.40. The company has a current ratio of 3.33, a quick ratio of 2.04 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 38.38 and a beta of 1.63. The firm has a 50-day moving average of $52.97 and a two-hundred day moving average of $48.56.
Insider Transactions at Diodes
In other Diodes news, SVP Emily Yang sold 1,000 shares of the company’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $56.36, for a total transaction of $56,360.00. Following the completion of the sale, the senior vice president directly owned 59,479 shares of the company’s stock, valued at approximately $3,352,236.44. This represents a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brett R. Whitmire sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $55.90, for a total transaction of $111,800.00. Following the sale, the chief financial officer directly owned 48,777 shares of the company’s stock, valued at $2,726,634.30. This represents a 3.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on DIOD shares. Wall Street Zen raised shares of Diodes from a “hold” rating to a “buy” rating in a research report on Sunday, August 31st. Benchmark reissued a “buy” rating and set a $62.00 target price (up from $55.00) on shares of Diodes in a research report on Friday, June 13th. Zacks Research raised shares of Diodes to a “strong sell” rating in a research report on Friday, August 8th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Diodes in a research report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Diodes has a consensus rating of “Moderate Buy” and an average price target of $55.00.
View Our Latest Report on Diodes
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.
Further Reading
- Five stocks we like better than Diodes
- How to Effectively Use the MarketBeat Ratings Screener
- After Trump Deal, Can Meta Stock Withstand TikTok’s Onslaught?
- How to Invest in the Best Canadian Stocks
- Alphabet: After Its Best Quarter in Decades, Is It Time to Buy?
- How to Capture the Benefits of Dividend Increases
- Forget Airlines—These Trucking Stocks Are Shifting Into High Gear
Receive News & Ratings for Diodes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diodes and related companies with MarketBeat.com's FREE daily email newsletter.