Versor Investments LP Sells 4,875 Shares of Diodes Incorporated $DIOD

Versor Investments LP lowered its stake in Diodes Incorporated (NASDAQ:DIOD) by 33.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,525 shares of the semiconductor company’s stock after selling 4,875 shares during the period. Versor Investments LP’s holdings in Diodes were worth $470,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of DIOD. Arrowstreet Capital Limited Partnership bought a new position in shares of Diodes in the third quarter worth $37,519,000. Bessemer Group Inc. increased its position in shares of Diodes by 178,733.7% in the third quarter. Bessemer Group Inc. now owns 366,609 shares of the semiconductor company’s stock worth $19,508,000 after purchasing an additional 366,404 shares during the period. Invesco Ltd. boosted its stake in Diodes by 183.0% in the third quarter. Invesco Ltd. now owns 519,013 shares of the semiconductor company’s stock valued at $27,617,000 after buying an additional 335,644 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Diodes by 132.3% in the second quarter. Ameriprise Financial Inc. now owns 402,105 shares of the semiconductor company’s stock valued at $21,267,000 after buying an additional 228,976 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its stake in Diodes by 671.4% in the third quarter. Lazard Asset Management LLC now owns 220,951 shares of the semiconductor company’s stock valued at $11,757,000 after buying an additional 192,309 shares in the last quarter. Institutional investors own 99.23% of the company’s stock.

Wall Street Analyst Weigh In

DIOD has been the topic of several research analyst reports. Weiss Ratings raised Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, January 21st. Zacks Research raised Diodes from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Robert W. Baird set a $120.00 price target on Diodes in a research note on Friday, May 8th. Wall Street Zen raised Diodes from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Finally, Benchmark lifted their price target on Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $113.00.

Diodes Stock Performance

Shares of DIOD stock opened at $103.65 on Friday. The business’s 50-day moving average price is $83.03 and its 200-day moving average price is $64.90. Diodes Incorporated has a 12 month low of $42.28 and a 12 month high of $117.80. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 56.33 and a beta of 1.93. The company has a current ratio of 3.17, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.08. The company had revenue of $405.47 million for the quarter, compared to analyst estimates of $396.33 million. Diodes had a return on equity of 3.48% and a net margin of 5.50%.The firm’s quarterly revenue was up 22.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.19 earnings per share. Equities research analysts forecast that Diodes Incorporated will post 2.58 EPS for the current year.

Insider Buying and Selling

In related news, CTO Francis Tang sold 3,643 shares of Diodes stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $108.00, for a total value of $393,444.00. Following the transaction, the chief technology officer directly owned 95,905 shares of the company’s stock, valued at $10,357,740. The trade was a 3.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brett R. Whitmire sold 16,556 shares of Diodes stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $103.34, for a total value of $1,710,897.04. Following the completion of the transaction, the chief financial officer directly owned 44,632 shares in the company, valued at approximately $4,612,270.88. This represents a 27.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 136,611 shares of company stock valued at $10,199,935 over the last 90 days. 1.70% of the stock is currently owned by corporate insiders.

About Diodes

Diodes Incorporated (NASDAQ: DIOD) is a global manufacturer and supplier of high‐performance discrete, logic, analog and mixed‐signal semiconductor products. Headquartered in Plano, Texas, the company designs and develops a broad range of discrete components, standard logic functions, power management circuits, interface products and array products. Its portfolio includes rectifiers, MOSFETs, general‐purpose diodes, voltage regulators, comparators, buffers and other building blocks for electronic systems.

Diodes Incorporated serves a variety of end markets such as automotive, computing, communications, consumer electronics, industrial and lighting.