GSA Capital Partners LLP Makes New $922,000 Investment in Diodes Incorporated (NASDAQ:DIOD)

GSA Capital Partners LLP acquired a new stake in Diodes Incorporated (NASDAQ:DIOD) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 14,381 shares of the semiconductor company’s stock, valued at approximately $922,000.

Several other institutional investors have also modified their holdings of DIOD. Earnest Partners LLC lifted its holdings in 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 buying an additional 282,089 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Diodes by 8.0% during the second 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 holdings in Diodes by 2.3% in the first quarter. Vanguard Group Inc. now owns 5,782,828 shares of the semiconductor company’s stock valued at $407,689,000 after purchasing an additional 132,101 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Diodes by 27.2% in the second quarter. Bank of New York Mellon Corp now owns 604,153 shares of the semiconductor company’s stock valued at $43,457,000 after purchasing an additional 129,195 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Diodes by 7.0% during the second quarter. Victory Capital Management Inc. now owns 755,464 shares of the semiconductor company’s stock worth $54,341,000 after purchasing an additional 49,284 shares in the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on DIOD shares. Benchmark cut their price target on shares of Diodes from $83.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. StockNews.com upgraded Diodes from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Finally, Truist Financial decreased their target price on Diodes from $69.00 to $62.00 and set a “hold” rating for the company in a research report on Friday, November 8th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Diodes currently has a consensus rating of “Hold” and an average price target of $72.80.

Insider Buying and Selling at Diodes

In other Diodes news, CEO Keh Shew Lu sold 20,010 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $67.25, for a total value of $1,345,672.50. Following the transaction, the chief executive officer now directly owns 246,492 shares of the company’s stock, valued at approximately $16,576,587. The trade was a 7.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Brett R. Whitmire sold 1,900 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $69.99, for a total transaction of $132,981.00. Following the completion of the sale, the chief financial officer now owns 46,365 shares of the company’s stock, valued at $3,245,086.35. This trade represents a 3.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 24,182 shares of company stock valued at $1,640,921 in the last ninety days. Insiders own 2.30% of the company’s stock.

Diodes Price Performance

Shares of NASDAQ:DIOD opened at $53.01 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.21 and a current ratio of 3.58. Diodes Incorporated has a one year low of $52.80 and a one year high of $86.74. The company has a 50-day simple moving average of $61.91 and a 200-day simple moving average of $68.71. The stock has a market capitalization of $2.46 billion, a price-to-earnings ratio of 40.16 and a beta of 1.32.

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.