SummerHaven Investment Management LLC grew its stake in shares of Diodes Incorporated (NASDAQ:DIOD – Free Report) by 2.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,101 shares of the semiconductor company’s stock after acquiring an additional 210 shares during the quarter. SummerHaven Investment Management LLC’s holdings in Diodes were worth $583,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the stock. GAMMA Investing LLC bought a new stake in Diodes during the 4th quarter worth approximately $30,000. EntryPoint Capital LLC purchased a new position in shares of Diodes in the 1st quarter worth approximately $40,000. Riverview Trust Co purchased a new position in shares of Diodes during the 1st quarter worth about $51,000. Principal Securities Inc. purchased a new stake in shares of Diodes in the fourth quarter worth approximately $74,000. Finally, NBC Securities Inc. increased its stake in Diodes by 62.3% in the first quarter. NBC Securities Inc. now owns 1,227 shares of the semiconductor company’s stock worth $86,000 after purchasing an additional 471 shares during the period. Institutional investors own 99.23% of the company’s stock.
Diodes Stock Performance
Shares of NASDAQ:DIOD traded up $3.40 during midday trading on Friday, reaching $70.37. The company’s stock had a trading volume of 33,524 shares, compared to its average volume of 352,712. Diodes Incorporated has a twelve month low of $58.96 and a twelve month high of $86.74. The company has a quick ratio of 2.05, a current ratio of 3.18 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $3.24 billion, a PE ratio of 18.92 and a beta of 1.35. The stock has a fifty day moving average of $73.09 and a 200 day moving average of $71.26.
Insider Activity
In related news, CEO Keh Shew Lu sold 20,010 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $67.25, for a total transaction of $1,345,672.50. Following the completion of the transaction, the chief executive officer now owns 246,492 shares in the company, valued at approximately $16,576,587. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Keh Shew Lu sold 20,010 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $67.25, for a total value of $1,345,672.50. Following the transaction, the chief executive officer now directly owns 246,492 shares in the company, valued at $16,576,587. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter M. Menard sold 630 shares of the company’s stock in a transaction 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 approximately $1,298,878. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.
Analysts Set New Price Targets
Several research analysts have commented on DIOD shares. Robert W. Baird raised their price objective on Diodes from $56.00 to $72.00 and gave the stock a “neutral” rating in a report on Friday, May 10th. Truist Financial decreased their price objective on Diodes from $74.00 to $69.00 and set a “hold” rating for the company in a report on Friday, August 9th. Finally, StockNews.com cut Diodes from a “hold” rating to a “sell” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $73.20.
Read Our Latest Research Report on DIOD
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.
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