SG Americas Securities LLC Has $1.99 Million Stake in Diodes Incorporated $DIOD

SG Americas Securities LLC grew its holdings in Diodes Incorporated (NASDAQ:DIOD) by 224.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 40,347 shares of the semiconductor company’s stock after purchasing an additional 27,893 shares during the quarter. SG Americas Securities LLC owned about 0.09% of Diodes worth $1,991,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Allianz Asset Management GmbH grew its holdings in Diodes by 27.0% during the 3rd quarter. Allianz Asset Management GmbH now owns 145,889 shares of the semiconductor company’s stock worth $7,763,000 after acquiring an additional 31,013 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Diodes by 178,733.7% in the third quarter. Bessemer Group Inc. now owns 366,609 shares of the semiconductor company’s stock worth $19,508,000 after acquiring an additional 366,404 shares during the last quarter. Pacer Advisors Inc. bought a new position in shares of Diodes in the third quarter worth about $7,393,000. JPMorgan Chase & Co. lifted its position in shares of Diodes by 49.6% during the third quarter. JPMorgan Chase & Co. now owns 464,429 shares of the semiconductor company’s stock worth $24,712,000 after purchasing an additional 153,905 shares in the last quarter. Finally, Hodges Capital Management Inc. acquired a new position in shares of Diodes during the third quarter worth approximately $1,968,000. Institutional investors own 99.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of Diodes from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Truist Financial increased their price objective on Diodes from $54.00 to $67.00 and gave the company a “hold” rating in a research report on Wednesday, February 11th. Zacks Research cut Diodes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 11th. Weiss Ratings upgraded Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, January 21st. Finally, Benchmark raised their price target on Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $65.67.

Insider Buying and Selling at Diodes

In related news, Director Keh Shew Lu sold 111,000 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $67.76, for a total value of $7,521,360.00. Following the completion of the transaction, the director directly owned 180,131 shares in the company, valued at approximately $12,205,676.56. The trade was a 38.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jin Zhao sold 525 shares of the stock in a transaction that occurred 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 directly 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 SEC filing for this sale provides additional information. Insiders have sold a total of 116,205 shares of company stock worth $7,837,213 over the last three months. Company insiders own 1.90% of the company’s stock.

Diodes Price Performance

DIOD opened at $68.58 on Monday. The stock has a market cap of $3.15 billion, a P/E ratio of 48.30 and a beta of 1.58. Diodes Incorporated has a 12 month low of $32.93 and a 12 month high of $81.71. The company has a quick ratio of 2.08, a current ratio of 3.32 and a debt-to-equity ratio of 0.01. The company has a fifty day simple moving average of $65.88 and a 200 day simple moving average of $56.72.

Diodes (NASDAQ:DIOD) last posted its earnings results on Tuesday, February 10th. The semiconductor company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.08. Diodes had a return on equity of 2.95% and a net margin of 4.46%.The firm had revenue of $391.58 million for the quarter, compared to analyst estimates of $380.03 million. During the same period in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 15.4% on a year-over-year basis. On average, research analysts expect that Diodes Incorporated will post 1.82 EPS for the current year.

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.