Bessemer Group Inc. Grows Stake in Diodes Incorporated $DIOD

Bessemer Group Inc. boosted its position in shares of Diodes Incorporated (NASDAQ:DIOD) by 178,733.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 366,609 shares of the semiconductor company’s stock after purchasing an additional 366,404 shares during the quarter. Bessemer Group Inc. owned approximately 0.79% of Diodes worth $19,508,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Tributary Capital Management LLC boosted its position in shares of Diodes by 92.5% in the 3rd quarter. Tributary Capital Management LLC now owns 646,240 shares of the semiconductor company’s stock worth $34,386,000 after buying an additional 310,500 shares in the last quarter. Global Alpha Capital Management Ltd. raised its position in Diodes by 56.9% during the second quarter. Global Alpha Capital Management Ltd. now owns 846,070 shares of the semiconductor company’s stock worth $44,749,000 after acquiring an additional 306,900 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Diodes by 132.3% in the second quarter. Ameriprise Financial Inc. now owns 402,105 shares of the semiconductor company’s stock valued at $21,267,000 after purchasing an additional 228,976 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Diodes in the third quarter valued at approximately $8,235,000. Finally, Pacer Advisors Inc. acquired a new stake in shares of Diodes in the third quarter valued at approximately $7,393,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Analysts Set New Price Targets

DIOD has been the topic of a number of recent research reports. Wall Street Zen lowered Diodes from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Weiss Ratings raised Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, January 21st. Truist Financial increased their price objective on Diodes from $51.00 to $54.00 and gave the company a “hold” rating in a research note on Friday, December 19th. Finally, Zacks Research raised shares of Diodes from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $55.33.

Diodes Price Performance

Shares of NASDAQ:DIOD opened at $60.84 on Friday. The company has a market cap of $2.82 billion, a P/E ratio of 44.09 and a beta of 1.66. The business has a fifty day simple moving average of $53.83 and a 200-day simple moving average of $52.54. Diodes Incorporated has a 52 week low of $32.93 and a 52 week high of $61.53. 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 released its earnings results on Thursday, November 6th. The semiconductor company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). The business had revenue of $392.17 million for the quarter, compared to analysts’ expectations of $392.17 million. Diodes had a return on equity of 2.81% and a net margin of 4.49%.The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 earnings per share. Equities research analysts forecast that Diodes Incorporated will post 1.82 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Gary Yu sold 2,900 shares of the business’s stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $60.85, for a total transaction of $176,465.00. Following the completion of the sale, the chief executive officer directly owned 111,671 shares of the company’s stock, valued at $6,795,180.35. The trade was a 2.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jin Zhao sold 525 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $59.19, for a total value of $31,074.75. Following the sale, the insider owned 49,980 shares of the company’s stock, valued at approximately $2,958,316.20. The trade was a 1.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 11,205 shares of company stock valued at $600,373. 1.90% of the stock is currently owned by corporate insiders.

Diodes Company 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.