Global Alpha Capital Management Ltd. Increases Stake in Diodes Incorporated (NASDAQ:DIOD)

Global Alpha Capital Management Ltd. boosted its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 4.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 259,770 shares of the semiconductor company’s stock after buying an additional 11,600 shares during the quarter. Global Alpha Capital Management Ltd.’s holdings in Diodes were worth $16,020,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of DIOD. Raymond James Financial Inc. purchased a new position in shares of Diodes during the 4th quarter valued at approximately $7,063,000. Verdence Capital Advisors LLC acquired a new stake in Diodes during the 4th quarter worth $250,000. Proficio Capital Partners LLC acquired a new stake in Diodes during the 4th quarter worth $970,000. Victory Capital Management Inc. boosted its stake in Diodes by 9.4% during the 4th quarter. Victory Capital Management Inc. now owns 1,907,509 shares of the semiconductor company’s stock worth $117,636,000 after purchasing an additional 163,374 shares during the last quarter. Finally, Keybank National Association OH boosted its stake in Diodes by 15.4% during the 4th quarter. Keybank National Association OH now owns 6,461 shares of the semiconductor company’s stock worth $398,000 after purchasing an additional 861 shares during the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Diodes

In other Diodes news, CFO Brett R. Whitmire sold 830 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 transaction of $46,513.20. Following the sale, the chief financial officer now owns 51,525 shares in the company, valued at $2,887,461. This represents a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Emily Yang sold 950 shares of the company’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 $53,238.00. Following the sale, the senior vice president now owns 65,107 shares in the company, valued at $3,648,596.28. The trade was a 1.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,680 shares of company stock valued at $262,267 over the last quarter. Company insiders own 2.30% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DIOD. Benchmark lowered their price target on shares of Diodes from $74.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. StockNews.com upgraded shares of Diodes from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Finally, Truist Financial cut 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.

Diodes Stock Down 1.5 %

DIOD opened at $49.10 on Friday. 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 business has a 50 day simple moving average of $57.63 and a 200-day simple moving average of $61.05. The stock has a market capitalization of $2.27 billion, a P/E ratio of 51.68 and a beta of 1.31. Diodes Incorporated has a 12 month low of $46.56 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 analysts’ consensus estimates of $0.54 by ($0.27). Diodes had a return on equity of 3.28% and a net margin of 3.36%. On average, equities analysts anticipate that Diodes Incorporated will post 1.82 earnings per share for the current fiscal 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.