Sei Investments Co. Has $6.56 Million Stake in Diodes Incorporated $DIOD

Sei Investments Co. increased its position in Diodes Incorporated (NASDAQ:DIOD) by 191.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,100 shares of the semiconductor company’s stock after purchasing an additional 63,102 shares during the period. Sei Investments Co.’s holdings in Diodes were worth $6,560,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Arrowstreet Capital Limited Partnership acquired a new position in Diodes during the third quarter worth $37,519,000. Victory Capital Management Inc. increased its position in shares of Diodes by 901.2% during the fourth quarter. Victory Capital Management Inc. now owns 509,630 shares of the semiconductor company’s stock worth $25,145,000 after acquiring an additional 458,727 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Diodes by 183.0% in the 3rd quarter. Invesco Ltd. now owns 519,013 shares of the semiconductor company’s stock worth $27,617,000 after acquiring an additional 335,644 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Diodes by 132.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 402,105 shares of the semiconductor company’s stock worth $21,267,000 after acquiring an additional 228,976 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its position in Diodes by 671.4% in the 3rd quarter. Lazard Asset Management LLC now owns 220,951 shares of the semiconductor company’s stock valued at $11,757,000 after acquiring an additional 192,309 shares in the last quarter. Institutional investors own 99.23% of the company’s stock.

Insider Transactions at Diodes

In related news, CEO Gary Yu sold 3,632 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $110.08, for a total transaction of $399,810.56. Following the sale, the chief executive officer owned 108,147 shares of the company’s stock, valued at approximately $11,904,821.76. This represents a 3.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Brett R. Whitmire sold 16,556 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $103.34, for a total value of $1,710,897.04. Following the completion of the transaction, the chief financial officer owned 44,632 shares of the company’s stock, valued at approximately $4,612,270.88. This represents a 27.06% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 70,981 shares of company stock valued at $7,616,906. 1.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

Diodes Stock Performance

Shares of DIOD stock opened at $82.09 on Tuesday. The firm’s 50 day moving average is $100.60 and its 200 day moving average is $85.10. The stock has a market capitalization of $3.77 billion, a P/E ratio of 44.61 and a beta of 1.91. Diodes Incorporated has a 12 month low of $42.28 and a 12 month high of $125.99. The company has a current ratio of 3.17, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01.

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

About Diodes

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.