Caxton Associates LLP Sells 7,751 Shares of Diodes Incorporated $DIOD

Caxton Associates LLP cut its stake in shares of Diodes Incorporated (NASDAQ:DIOD) by 54.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,561 shares of the semiconductor company’s stock after selling 7,751 shares during the quarter. Caxton Associates LLP’s holdings in Diodes were worth $448,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Evergreen Capital Management LLC bought a new stake in Diodes during the 4th quarter valued at $476,000. Bessemer Group Inc. lifted its stake in shares of Diodes by 14.5% in the fourth quarter. Bessemer Group Inc. now owns 419,648 shares of the semiconductor company’s stock valued at $20,707,000 after buying an additional 53,039 shares in the last quarter. Tributary Capital Management LLC lifted its stake in shares of Diodes by 7.1% in the fourth quarter. Tributary Capital Management LLC now owns 346,023 shares of the semiconductor company’s stock valued at $17,073,000 after buying an additional 22,903 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Diodes by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 6,154,859 shares of the semiconductor company’s stock valued at $303,681,000 after buying an additional 166,603 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Diodes by 8.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 235,351 shares of the semiconductor company’s stock valued at $12,104,000 after buying an additional 17,363 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DIOD shares. Weiss Ratings restated a “hold (c)” rating on shares of Diodes in a report on Wednesday, July 15th. Truist Financial boosted their price objective on Diodes from $98.00 to $139.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Zacks Research downgraded Diodes from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Finally, Robert W. Baird set a $120.00 target price on Diodes in a report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.00.

Diodes Stock Down 1.4%

DIOD opened at $85.90 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 1.97. The company’s 50-day moving average is $102.27 and its 200 day moving average is $84.18. Diodes Incorporated has a fifty-two week low of $42.28 and a fifty-two week high of $125.99. The firm has a market capitalization of $3.95 billion, a P/E ratio of 46.69 and a beta of 1.88.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.35 by $0.08. Diodes had a net margin of 5.50% and a return on equity of 3.48%. The firm had revenue of $405.47 million during the quarter, compared to analyst estimates of $396.33 million. During the same quarter last year, the business posted $0.19 EPS. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. Research analysts expect that Diodes Incorporated will post 2.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Diodes

In other Diodes news, SVP Emily Yang sold 3,000 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $110.08, for a total value of $330,240.00. Following the transaction, the senior vice president owned 61,878 shares of the company’s stock, valued at approximately $6,811,530.24. The trade was a 4.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Francis Tang sold 15,330 shares of the company’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $112.04, for a total value of $1,717,573.20. Following the completion of the transaction, the chief technology officer owned 71,438 shares of the company’s stock, valued at $8,003,913.52. This trade represents a 17.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 70,981 shares of company stock valued at $7,616,906 in the last ninety days. 1.70% of the stock is owned by corporate insiders.

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.