154,773 Shares in Diodes Incorporated $DIOD Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. acquired a new stake in shares of Diodes Incorporated (NASDAQ:DIOD) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 154,773 shares of the semiconductor company’s stock, valued at approximately $8,235,000. Assenagon Asset Management S.A. owned approximately 0.33% of Diodes as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rhumbline Advisers grew its position in shares of Diodes by 7.9% during the second quarter. Rhumbline Advisers now owns 146,315 shares of the semiconductor company’s stock worth $7,739,000 after buying an additional 10,744 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Diodes by 51.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 8,304 shares of the semiconductor company’s stock valued at $439,000 after acquiring an additional 2,806 shares during the last quarter. Parallel Advisors LLC grew its holdings in Diodes by 52.0% during the 2nd quarter. Parallel Advisors LLC now owns 757 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 259 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Diodes by 283.1% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 544 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 402 shares during the last quarter. Finally, Hsbc Holdings PLC increased its position in shares of Diodes by 13.1% in the 1st quarter. Hsbc Holdings PLC now owns 8,094 shares of the semiconductor company’s stock worth $344,000 after purchasing an additional 935 shares during the last quarter. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Keh Shew Lu sold 6,000 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $47.42, for a total transaction of $284,520.00. Following the completion of the transaction, the director owned 244,397 shares of the company’s stock, valued at approximately $11,589,305.74. The trade was a 2.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.90% of the company’s stock.

Diodes Stock Performance

Shares of DIOD stock opened at $50.90 on Friday. The company has a market cap of $2.36 billion, a P/E ratio of 36.88 and a beta of 1.65. The business has a 50 day moving average of $50.40 and a two-hundred day moving average of $52.05. Diodes Incorporated has a 52 week low of $32.93 and a 52 week high of $67.12. The company has a quick ratio of 2.09, a current ratio of 3.32 and a debt-to-equity ratio of 0.01.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings results on Tuesday, March 8th. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter. The business had revenue of $350.37 million for the quarter. Diodes had a return on equity of 2.81% and a net margin of 4.49%. As a group, analysts anticipate that Diodes Incorporated will post 1.82 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Diodes in a research note on Monday, December 15th. Zacks Research lowered Diodes from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. Wall Street Zen downgraded Diodes from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Truist Financial upped their price target on Diodes from $51.00 to $54.00 and gave the company a “hold” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $55.33.

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.