Tower Research Capital LLC TRC Has $327,000 Stake in Diodes Incorporated (NASDAQ:DIOD)

Tower Research Capital LLC TRC grew its position in Diodes Incorporated (NASDAQ:DIOD) by 75.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,296 shares of the semiconductor company’s stock after purchasing an additional 2,271 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Diodes were worth $327,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in DIOD. Barclays PLC boosted its stake in shares of Diodes by 361.1% in 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 period. JPMorgan Chase & Co. boosted its stake in shares of Diodes by 34.8% in the third quarter. JPMorgan Chase & Co. now owns 226,742 shares of the semiconductor company’s stock valued at $14,532,000 after buying an additional 58,597 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of Diodes in the fourth quarter valued at approximately $3,027,000. Wedge Capital Management L L P NC boosted its stake in shares of Diodes by 14.4% in 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 period. Finally, KBC Group NV boosted its stake in shares of Diodes by 36.7% in the fourth 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 period. 99.23% of the stock is currently owned by institutional investors.

Diodes Stock Performance

Diodes stock opened at $39.19 on Friday. The stock has a market cap of $1.82 billion, a PE ratio of 41.25 and a beta of 1.43. The company has a quick ratio of 1.99, a current ratio of 3.26 and a debt-to-equity ratio of 0.01. The business’s 50-day moving average price is $42.28 and its two-hundred day moving average price is $54.37. Diodes Incorporated has a 12-month low of $32.93 and a 12-month high of $86.74.

Diodes (NASDAQ:DIOD) last released its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.27). Diodes had a return on equity of 3.28% and a net margin of 3.36%. As a group, analysts expect that Diodes Incorporated will post 1.82 earnings per share for the current fiscal year.

Insider Transactions at Diodes

In other Diodes news, CFO Brett R. Whitmire sold 830 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 $46,513.20. Following the transaction, the chief financial officer now directly owns 51,525 shares in the company, valued at approximately $2,887,461. This represents a 1.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Gary Yu sold 2,900 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total value of $162,516.00. Following the transaction, the president now directly owns 79,697 shares in the company, valued at $4,466,219.88. The trade was a 3.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,680 shares of company stock worth $262,267. Insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

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

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.