Diodes Incorporated (NASDAQ:DIOD) Shares Sold by Versor Investments LP

Versor Investments LP lessened its stake in shares of Diodes Incorporated (NASDAQ:DIOD) by 17.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,759 shares of the semiconductor company’s stock after selling 1,847 shares during the quarter. Versor Investments LP’s holdings in Diodes were worth $540,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Truvestments Capital LLC purchased a new stake in shares of Diodes during the 3rd quarter valued at about $29,000. KBC Group NV raised its stake in shares of Diodes by 33.9% during the third quarter. KBC Group NV now owns 1,454 shares of the semiconductor company’s stock valued at $93,000 after purchasing an additional 368 shares during the period. Quest Partners LLC purchased a new stake in shares of Diodes during the third quarter valued at approximately $184,000. EP Wealth Advisors LLC acquired a new position in shares of Diodes during the third quarter worth $260,000. Finally, CIBC Asset Management Inc purchased a new position in shares of Diodes in the fourth quarter valued at $283,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Benchmark dropped their price target on shares of Diodes from $74.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. StockNews.com raised Diodes from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Finally, Truist Financial reduced their price target on Diodes from $63.00 to $53.00 and set a “hold” rating for the company in a report on Wednesday, February 12th.

Insider Transactions at Diodes

In related news, SVP Emily Yang sold 950 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction of $53,238.00. Following the sale, the senior vice president now owns 65,107 shares in the company, valued at $3,648,596.28. This represents a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Gary Yu sold 2,900 shares of Diodes stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total value of $162,516.00. Following the completion of the transaction, the president now owns 79,697 shares of the company’s stock, valued at approximately $4,466,219.88. The trade was a 3.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,680 shares of company stock worth $262,267. 2.30% of the stock is currently owned by corporate insiders.

Diodes Price Performance

Shares of DIOD stock opened at $49.38 on Friday. The firm has a fifty day moving average of $58.82 and a two-hundred day moving average of $61.49. The firm has a market cap of $2.29 billion, a P/E ratio of 51.98 and a beta of 1.31. Diodes Incorporated has a 1-year low of $48.39 and a 1-year high of $86.74. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.26 and a quick ratio of 1.99.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.27). Diodes had a return on equity of 3.28% and a net margin of 3.36%. As a group, research analysts anticipate that Diodes Incorporated will post 1.82 earnings per share for the current fiscal year.

Diodes Profile

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.