Diodes Incorporated $DIOD Shares Bought by Bessemer Group Inc.

Bessemer Group Inc. raised its stake in shares of Diodes Incorporated (NASDAQ:DIOD) by 5.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 444,540 shares of the semiconductor company’s stock after purchasing an additional 24,892 shares during the period. Bessemer Group Inc.’s holdings in Diodes were worth $30,346,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of DIOD. Arrowstreet Capital Limited Partnership acquired a new position in shares of Diodes during the 3rd quarter worth about $37,519,000. Victory Capital Management Inc. boosted its holdings in Diodes by 901.2% in the 4th quarter. Victory Capital Management Inc. now owns 509,630 shares of the semiconductor company’s stock worth $25,145,000 after buying an additional 458,727 shares during the last quarter. Invesco Ltd. increased its stake in Diodes by 183.0% during the 3rd quarter. Invesco Ltd. now owns 519,013 shares of the semiconductor company’s stock worth $27,617,000 after buying an additional 335,644 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Diodes by 132.3% during the second quarter. Ameriprise Financial Inc. now owns 402,105 shares of the semiconductor company’s stock valued at $21,267,000 after acquiring an additional 228,976 shares during the last quarter. Finally, Lazard Asset Management LLC raised its holdings in shares of Diodes by 671.4% during the third quarter. Lazard Asset Management LLC now owns 220,951 shares of the semiconductor company’s stock valued at $11,757,000 after acquiring an additional 192,309 shares during the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

Diodes Price Performance

DIOD stock opened at $87.02 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 1.97. The business has a 50 day simple moving average of $103.76 and a 200-day simple moving average of $82.30. The firm has a market capitalization of $4.00 billion, a PE ratio of 47.29 and a beta of 1.88. Diodes Incorporated has a 1 year low of $42.28 and a 1 year high of $125.99.

Diodes (NASDAQ:DIOD) last announced 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 firm had revenue of $405.47 million for the quarter, compared to the consensus estimate of $396.33 million. Diodes had a return on equity of 3.48% and a net margin of 5.50%.The firm’s revenue was up 22.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.19 earnings per share. Equities research analysts anticipate that Diodes Incorporated will post 2.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Truist Financial boosted their price target on Diodes from $98.00 to $139.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Weiss Ratings restated a “hold (c)” rating on shares of Diodes in a report on Wednesday. Zacks Research cut shares of Diodes from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Finally, Robert W. Baird set a $120.00 target price on shares of Diodes in a report on Friday, May 8th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $113.00.

Insider Buying and Selling

In other Diodes news, insider Richard Dallas White sold 3,000 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $106.17, for a total value of $318,510.00. Following the completion of the sale, the insider directly owned 8,071 shares of the company’s stock, valued at $856,898.07. This trade represents a 27.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Andy Tsong sold 1,582 shares of Diodes stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $106.95, for a total value of $169,194.90. Following the transaction, the senior vice president owned 48,170 shares in the company, valued at approximately $5,151,781.50. This represents a 3.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 70,981 shares of company stock worth $7,616,906 over the last quarter. Corporate insiders own 1.70% of the company’s stock.

Diodes Profile

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.