Squarepoint Ops LLC Makes New $299,000 Investment in Diodes Incorporated (NASDAQ:DIOD)

Squarepoint Ops LLC purchased a new position in shares of Diodes Incorporated (NASDAQ:DIOD) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 4,153 shares of the semiconductor company’s stock, valued at approximately $299,000.

Several other hedge funds also recently modified their holdings of DIOD. Earnest Partners LLC boosted its stake in shares of Diodes by 12.5% during the 1st quarter. Earnest Partners LLC now owns 2,534,798 shares of the semiconductor company’s stock worth $178,703,000 after purchasing an additional 282,089 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Diodes by 8.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,913,282 shares of the semiconductor company’s stock worth $137,620,000 after purchasing an additional 141,610 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Diodes by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 5,782,828 shares of the semiconductor company’s stock worth $407,689,000 after purchasing an additional 132,101 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Diodes by 27.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 604,153 shares of the semiconductor company’s stock worth $43,457,000 after purchasing an additional 129,195 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its holdings in shares of Diodes by 19.0% during the 1st quarter. William Blair Investment Management LLC now owns 479,614 shares of the semiconductor company’s stock worth $33,813,000 after acquiring an additional 76,447 shares during the period. 99.23% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Diodes

In other news, CEO Keh Shew Lu sold 20,010 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $67.25, for a total transaction of $1,345,672.50. Following the completion of the sale, the chief executive officer now owns 246,492 shares of the company’s stock, valued at approximately $16,576,587. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Diodes news, CFO Brett R. Whitmire sold 1,900 shares of Diodes stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $69.99, for a total value of $132,981.00. Following the completion of the transaction, the chief financial officer now owns 46,365 shares of the company’s stock, valued at $3,245,086.35. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Keh Shew Lu sold 20,010 shares of Diodes stock in a transaction on Monday, August 19th. The stock was sold at an average price of $67.25, for a total transaction of $1,345,672.50. Following the completion of the transaction, the chief executive officer now directly owns 246,492 shares of the company’s stock, valued at approximately $16,576,587. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,182 shares of company stock valued at $1,640,921. 2.30% of the stock is currently owned by corporate insiders.

Diodes Trading Up 2.4 %

DIOD opened at $64.66 on Friday. The firm has a market capitalization of $3.00 billion, a P/E ratio of 31.24 and a beta of 1.32. The firm’s 50 day moving average is $63.80 and its 200-day moving average is $70.08. Diodes Incorporated has a 52-week low of $58.50 and a 52-week high of $86.74. The company has a quick ratio of 2.10, a current ratio of 3.38 and a debt-to-equity ratio of 0.01.

Diodes (NASDAQ:DIOD) last released its quarterly earnings results on Thursday, August 8th. The semiconductor company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. Diodes had a net margin of 7.12% and a return on equity of 5.76%. The business had revenue of $319.80 million during the quarter, compared to the consensus estimate of $316.12 million. During the same quarter last year, the company earned $1.59 earnings per share. The business’s quarterly revenue was down 31.5% compared to the same quarter last year. Analysts expect that Diodes Incorporated will post 1.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. StockNews.com lowered shares of Diodes from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st. Truist Financial cut their price objective on shares of Diodes from $74.00 to $69.00 and set a “hold” rating on the stock in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $73.20.

About Diodes

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.