Pacer Advisors Inc. Purchases Shares of 138,940 Diodes Incorporated $DIOD

Pacer Advisors Inc. acquired a new position in shares of Diodes Incorporated (NASDAQ:DIOD) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 138,940 shares of the semiconductor company’s stock, valued at approximately $7,393,000. Pacer Advisors Inc. owned 0.30% of Diodes at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Inspire Investing LLC grew its position in Diodes by 16.3% during the third quarter. Inspire Investing LLC now owns 8,590 shares of the semiconductor company’s stock valued at $457,000 after buying an additional 1,207 shares during the period. Trust Point Inc. grew its position in shares of Diodes by 32.6% during the 3rd quarter. Trust Point Inc. now owns 6,555 shares of the semiconductor company’s stock valued at $349,000 after acquiring an additional 1,612 shares during the period. Heritage Family Offices LLP acquired a new stake in shares of Diodes during the 3rd quarter valued at about $228,000. Assenagon Asset Management S.A. purchased a new position in shares of Diodes in the 3rd quarter valued at about $8,235,000. Finally, Geneos Wealth Management Inc. acquired a new position in Diodes in the 2nd quarter worth about $30,000. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Keh Shew Lu sold 6,000 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $47.42, for a total value of $284,520.00. Following the completion of the sale, the director owned 244,397 shares of the company’s stock, valued at approximately $11,589,305.74. This trade represents a 2.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.30% of the stock is owned by company insiders.

Diodes Price Performance

Diodes stock opened at $50.39 on Monday. The company has a fifty day simple moving average of $50.01 and a 200-day simple moving average of $52.09. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 36.51 and a beta of 1.66. 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 Incorporated has a 52-week low of $32.93 and a 52-week high of $67.12.

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

Analysts Set New Price Targets

A number of analysts have recently commented on DIOD shares. Truist Financial boosted their price objective on Diodes from $51.00 to $54.00 and gave the company a “hold” rating in a research report on Friday, December 19th. Weiss Ratings reissued a “sell (d+)” rating on shares of Diodes in a report on Monday, December 22nd. Wall Street Zen downgraded shares of Diodes from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Zacks Research lowered shares of Diodes from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $55.33.

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.