Diodes Incorporated (NASDAQ:DIOD) Shares Sold by Kennedy Capital Management LLC

Kennedy Capital Management LLC reduced its position in shares of Diodes Incorporated (NASDAQ:DIOD) by 7.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,572 shares of the semiconductor company’s stock after selling 5,075 shares during the period. Kennedy Capital Management LLC owned about 0.13% of Diodes worth $4,200,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in DIOD. Corient Private Wealth LLC acquired a new position in Diodes in the 4th quarter worth $2,623,000. BNP Paribas Financial Markets increased its position in shares of Diodes by 113.2% during the first quarter. BNP Paribas Financial Markets now owns 72,116 shares of the semiconductor company’s stock worth $5,084,000 after acquiring an additional 38,296 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Diodes by 23.5% in the fourth quarter. Sei Investments Co. now owns 724,397 shares of the semiconductor company’s stock worth $58,328,000 after acquiring an additional 137,676 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Diodes by 2.3% in the first quarter. Vanguard Group Inc. now owns 5,782,828 shares of the semiconductor company’s stock valued at $407,689,000 after purchasing an additional 132,101 shares during the last quarter. Finally, Seven Eight Capital LP acquired a new stake in Diodes during the 1st quarter valued at approximately $1,055,000. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

Diodes Stock Down 3.0 %

Shares of Diodes stock traded down $2.36 during trading on Tuesday, reaching $77.44. The company had a trading volume of 319,006 shares, compared to its average volume of 332,242. The company has a market cap of $3.57 billion, a price-to-earnings ratio of 21.35 and a beta of 1.36. The firm’s fifty day moving average is $75.40 and its 200-day moving average is $71.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.05 and a current ratio of 3.18. Diodes Incorporated has a fifty-two week low of $60.00 and a fifty-two week high of $94.93.

Diodes (NASDAQ:DIOD) last released its quarterly earnings data on Thursday, May 9th. The semiconductor company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.01. The firm had revenue of $301.90 million for the quarter, compared to analyst estimates of $305.47 million. Diodes had a net margin of 11.36% and a return on equity of 9.11%. Diodes’s quarterly revenue was down 35.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.59 earnings per share. On average, analysts anticipate that Diodes Incorporated will post 1.8 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on DIOD shares. Truist Financial upped their target price on Diodes from $67.00 to $74.00 and gave the company a “hold” rating in a research report on Friday, May 10th. Robert W. Baird upped their price target on shares of Diodes from $56.00 to $72.00 and gave the company a “neutral” rating in a report on Friday, May 10th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $74.20.

Insider Buying and Selling

In other Diodes news, CEO Keh Shew Lu sold 15,000 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $75.30, for a total value of $1,129,500.00. Following the completion of the transaction, the chief executive officer now owns 87,331 shares in the company, valued at approximately $6,576,024.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Peter M. Menard sold 630 shares of the stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $71.96, for a total value of $45,334.80. Following the completion of the transaction, the director now directly owns 18,050 shares in the company, valued at $1,298,878. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Keh Shew Lu sold 15,000 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $75.30, for a total transaction of $1,129,500.00. Following the completion of the transaction, the chief executive officer now owns 87,331 shares of the company’s stock, valued at $6,576,024.30. The disclosure for this sale can be found here. Insiders have sold a total of 30,630 shares of company stock worth $2,272,715 over the last quarter. 2.30% of the stock is owned by company insiders.

About Diodes

Diodes Incorporated, together with its subsidiaries, manufactures and supplies application-specific standard products in the broad discrete, logic, analog, and mixed-signal semiconductor markets worldwide. The company offers discrete semiconductor products, such as MOSFETs, SiC MOSFETs; data line protection, power line protection, thyristers, USB Type-C protection, and transient voltage suppressors; Schottky, small signal switching, Zener, and SiC diodes; bridges, super barrier, Schottky, Schottky bridge, and fast/ultra-fast rectifiers; and bipolar, avalanche, gate driver, and pre-bias transistors.