Schonfeld Strategic Advisors LLC Invests $499,000 in Diodes Incorporated (NASDAQ:DIOD)

Schonfeld Strategic Advisors LLC purchased a new position in Diodes Incorporated (NASDAQ:DIOD) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 8,089 shares of the semiconductor company’s stock, valued at approximately $499,000.

A number of other large investors also recently bought and sold shares of DIOD. Barclays PLC increased its stake 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 purchasing an additional 62,492 shares in the last quarter. JPMorgan Chase & Co. increased its position in Diodes by 34.8% during the 3rd 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 in the last quarter. Assenagon Asset Management S.A. purchased a new position in Diodes during the fourth quarter valued at $3,027,000. Wedge Capital Management L L P NC boosted its holdings in 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 worth $4,104,000 after acquiring an additional 8,355 shares in the last quarter. Finally, KBC Group NV grew 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 worth $123,000 after acquiring an additional 533 shares during the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DIOD. Truist Financial dropped their price target on shares of Diodes from $63.00 to $53.00 and set a “hold” rating on the stock in a research note 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 note on Wednesday, February 12th. Baird R W raised shares of Diodes from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 7th. Finally, Robert W. Baird raised Diodes from a “neutral” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research report on Monday, April 7th. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Diodes presently has an average rating of “Moderate Buy” and a consensus price target of $56.00.

Diodes Stock Performance

Shares of DIOD stock opened at $44.91 on Friday. 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 company has a 50 day moving average price of $41.09 and a 200-day moving average price of $53.34. Diodes Incorporated has a 52 week low of $32.93 and a 52 week high of $86.74. The firm has a market capitalization of $2.09 billion, a PE ratio of 47.27 and a beta of 1.37.

Diodes (NASDAQ:DIOD) last posted its earnings results on Thursday, May 8th. The semiconductor company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.01. The business had revenue of $332.11 million during the quarter, compared to the consensus estimate of $323.28 million. Diodes had a net margin of 3.36% and a return on equity of 3.28%. The firm’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 EPS. As a group, equities research analysts expect that Diodes Incorporated will post 1.82 earnings per share for the current year.

Diodes declared that its Board of Directors has initiated a stock repurchase program on Thursday, May 8th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the semiconductor company to repurchase up to 5.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Diodes Company 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.