GSA Capital Partners LLP Buys Shares of 14,381 Diodes Incorporated (NASDAQ:DIOD)

GSA Capital Partners LLP purchased a new stake in Diodes Incorporated (NASDAQ:DIOD) in the third quarter, Holdings Channel.com reports. The fund purchased 14,381 shares of the semiconductor company’s stock, valued at approximately $922,000.

A number of other large investors have also made changes to their positions in DIOD. Vanguard Group Inc. boosted its holdings in Diodes by 2.3% during the first quarter. Vanguard Group Inc. now owns 5,782,828 shares of the semiconductor company’s stock worth $407,689,000 after buying an additional 132,101 shares in the last quarter. Earnest Partners LLC lifted its position in shares of Diodes by 1.4% during the 2nd quarter. Earnest Partners LLC now owns 2,571,188 shares of the semiconductor company’s stock valued at $184,946,000 after acquiring an additional 36,390 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Diodes by 8.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,913,282 shares of the semiconductor company’s stock worth $137,620,000 after acquiring an additional 141,610 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its holdings in shares of Diodes by 0.5% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 851,242 shares of the semiconductor company’s stock worth $61,230,000 after acquiring an additional 4,615 shares during the period. Finally, Sei Investments Co. increased its stake in Diodes by 5.7% in the 2nd quarter. Sei Investments Co. now owns 783,448 shares of the semiconductor company’s stock valued at $56,353,000 after purchasing an additional 42,192 shares in the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Analysts Set New Price Targets

DIOD has been the topic of a number of research analyst reports. Truist Financial decreased their target price on Diodes from $69.00 to $62.00 and set a “hold” rating on the stock in a research report on Friday, November 8th. StockNews.com upgraded shares of Diodes from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Finally, Benchmark lowered their price objective on shares of Diodes from $83.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $72.80.

Insider Buying and Selling

In other Diodes news, CEO Keh Shew Lu sold 20,010 shares of the firm’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 sale, the chief executive officer now directly owns 246,492 shares of the company’s stock, valued at $16,576,587. This trade represents a 7.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Emily Yang sold 1,272 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $72.16, for a total transaction of $91,787.52. Following the completion of the transaction, the senior vice president now directly owns 29,028 shares of the company’s stock, valued at approximately $2,094,660.48. This represents a 4.20 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,182 shares of company stock worth $1,640,921. 2.30% of the stock is owned by corporate insiders.

Diodes Stock Performance

NASDAQ DIOD opened at $53.01 on Friday. The company has a quick ratio of 2.21, a current ratio of 3.58 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a fifty-two week low of $52.80 and a fifty-two week high of $86.74. The business has a fifty day moving average of $61.91 and a 200-day moving average of $68.71. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 40.16 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.