Jump Financial LLC Acquires Shares of 18,314 Diodes Incorporated (NASDAQ:DIOD)

Jump Financial LLC acquired a new stake in shares of Diodes Incorporated (NASDAQ:DIOD) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 18,314 shares of the semiconductor company’s stock, valued at approximately $1,129,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in shares of Diodes by 361.1% during the third quarter. Barclays PLC now owns 79,799 shares of the semiconductor company’s stock valued at $5,114,000 after buying an additional 62,492 shares during the last quarter. JPMorgan Chase & Co. grew its position in Diodes by 34.8% in the third quarter. JPMorgan Chase & Co. now owns 226,742 shares of the semiconductor company’s stock worth $14,532,000 after acquiring an additional 58,597 shares in the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Diodes during the fourth quarter worth approximately $3,027,000. Wedge Capital Management L L P NC grew its stake in shares of Diodes by 14.4% during the fourth quarter. Wedge Capital Management L L P NC now owns 66,550 shares of the semiconductor company’s stock valued at $4,104,000 after buying an additional 8,355 shares during the last quarter. Finally, KBC Group NV raised its holdings in Diodes by 36.7% during the 4th quarter. KBC Group NV now owns 1,987 shares of the semiconductor company’s stock valued at $123,000 after buying an additional 533 shares during the last quarter. 99.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on DIOD. Benchmark reduced their price target on Diodes from $74.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Truist Financial lowered their target price on Diodes from $63.00 to $53.00 and set a “hold” rating for the company in a research report on Wednesday, February 12th. Robert W. Baird upgraded Diodes from a “neutral” rating to an “outperform” rating and set a $50.00 price target on the stock in a report on Monday, April 7th. Finally, Baird R W raised shares of Diodes from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 7th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $56.00.

Insider Buying and Selling

In other Diodes news, President Gary Yu sold 2,900 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction of $162,516.00. Following the transaction, the president now directly owns 79,697 shares in the company, valued at $4,466,219.88. This represents a 3.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Brett R. Whitmire sold 830 shares of the business’s 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 $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. This trade represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,680 shares of company stock valued at $262,267. 2.30% of the stock is currently owned by company insiders.

Diodes Trading Up 0.4 %

NASDAQ DIOD opened at $34.40 on Monday. Diodes Incorporated has a 12 month low of $32.18 and a 12 month 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. The firm’s 50-day moving average is $45.36 and its two-hundred day moving average is $55.92. The stock has a market capitalization of $1.60 billion, a P/E ratio of 36.21 and a beta of 1.43.

Diodes (NASDAQ:DIOD) last posted its 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 net margin of 3.36% and a return on equity of 3.28%. On average, sell-side analysts anticipate that Diodes Incorporated will post 1.82 earnings per share for the current 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.