Diodes Incorporated (NASDAQ:DIOD) Shares Purchased by Sei Investments Co.

Sei Investments Co. raised its holdings in Diodes Incorporated (NASDAQ:DIOD) by 7.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 608,535 shares of the semiconductor company’s stock after acquiring an additional 44,387 shares during the quarter. Sei Investments Co. owned 1.31% of Diodes worth $37,528,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Truvestments Capital LLC acquired a new stake in Diodes during the third quarter valued at approximately $29,000. Smartleaf Asset Management LLC lifted its position in shares of Diodes by 198.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company’s stock valued at $48,000 after acquiring an additional 522 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Diodes during the 4th quarter worth $79,000. KBC Group NV grew its holdings in shares of Diodes by 36.7% in the 4th quarter. KBC Group NV now owns 1,987 shares of the semiconductor company’s stock worth $123,000 after acquiring an additional 533 shares during the last quarter. Finally, Quest Partners LLC acquired a new stake in shares of Diodes during the third quarter worth $184,000. Institutional investors own 99.23% of the company’s stock.

Insider Activity at Diodes

In other Diodes news, President Gary Yu sold 2,900 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total transaction of $162,516.00. Following the transaction, the president now owns 79,697 shares in the company, valued at $4,466,219.88. This trade represents a 3.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Brett R. Whitmire sold 830 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total transaction of $46,513.20. Following the completion of the sale, the chief financial officer now owns 51,525 shares of the company’s stock, valued at $2,887,461. The trade was a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,680 shares of company stock valued at $262,267. Insiders own 2.30% of the company’s stock.

Diodes Stock Up 3.6 %

NASDAQ:DIOD opened at $46.92 on Tuesday. The business’s fifty day moving average price is $53.68 and its 200 day moving average price is $59.20. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 49.39 and a beta of 1.31. The company has a current ratio of 3.26, a quick ratio of 1.99 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a 1-year low of $44.24 and a 1-year high of $86.74.

Diodes (NASDAQ:DIOD) last issued its earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.27). Diodes had a net margin of 3.36% and a return on equity of 3.28%. On average, sell-side analysts forecast that Diodes Incorporated will post 1.82 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Truist Financial decreased their price target on Diodes from $63.00 to $53.00 and set a “hold” rating for the company in a research report on Wednesday, February 12th. Benchmark dropped their target price on shares of Diodes from $74.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th.

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.