Versor Investments LP Makes New Investment in Diodes Incorporated (NASDAQ:DIOD)

Versor Investments LP bought a new position in Diodes Incorporated (NASDAQ:DIOD) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,606 shares of the semiconductor company’s stock, valued at approximately $680,000.

Several other large investors have also recently made changes to their positions in DIOD. Vanguard Group Inc. boosted its position in shares of Diodes by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 5,782,828 shares of the semiconductor company’s stock valued at $407,689,000 after acquiring an additional 132,101 shares during the last quarter. Seven Eight Capital LP purchased a new position in shares of Diodes in the 1st quarter worth $1,055,000. Bessemer Group Inc. increased its holdings in shares of Diodes by 7.4% in the 1st quarter. Bessemer Group Inc. now owns 144,875 shares of the semiconductor company’s stock worth $10,213,000 after buying an additional 9,924 shares during the last quarter. Boston Partners purchased a new stake in shares of Diodes during the 1st quarter valued at about $821,000. Finally, TD Asset Management Inc lifted its holdings in shares of Diodes by 95.4% in the 2nd quarter. TD Asset Management Inc now owns 34,000 shares of the semiconductor company’s stock valued at $2,446,000 after acquiring an additional 16,600 shares during the last quarter. 99.23% of the stock is owned by institutional investors.

Insider Activity at Diodes

In other Diodes news, SVP Emily Yang sold 1,000 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $70.48, for a total value of $70,480.00. Following the transaction, the senior vice president now directly owns 59,820 shares in the company, valued at $4,216,113.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Emily Yang sold 1,000 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $70.48, for a total transaction of $70,480.00. Following the transaction, the senior vice president now owns 59,820 shares in the company, valued at approximately $4,216,113.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Brett R. Whitmire sold 1,900 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $69.99, for a total transaction of $132,981.00. Following the completion of the sale, the chief financial officer now owns 46,365 shares of the company’s stock, valued at approximately $3,245,086.35. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,182 shares of company stock worth $1,640,921 in the last 90 days. 2.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DIOD. Truist Financial reduced their price objective on Diodes from $69.00 to $62.00 and set a “hold” rating on the stock in a research note on Friday, November 8th. Benchmark decreased their price target on Diodes from $83.00 to $75.00 and set a “buy” rating on the stock in a report on Monday. Finally, StockNews.com upgraded shares of Diodes from a “sell” rating to a “hold” rating in a research report on Monday. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Diodes has a consensus rating of “Hold” and an average price target of $72.80.

Diodes Price Performance

DIOD opened at $56.33 on Thursday. The company has a quick ratio of 2.21, a current ratio of 3.58 and a debt-to-equity ratio of 0.01. The business has a fifty day moving average of $62.23 and a 200 day moving average of $68.98. Diodes Incorporated has a 52-week low of $56.29 and a 52-week high of $86.74. The stock has a market cap of $2.61 billion, a P/E ratio of 42.67 and a beta of 1.32.

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.