Bessemer Group Inc. Has $11.22 Million Holdings in Diodes Incorporated (NASDAQ:DIOD)

Bessemer Group Inc. grew its position in shares of Diodes Incorporated (NASDAQ:DIOD) by 3.4% in the 4th quarter, HoldingsChannel reports. The fund owned 181,991 shares of the semiconductor company’s stock after buying an additional 5,990 shares during the period. Bessemer Group Inc.’s holdings in Diodes were worth $11,224,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DIOD. Smartleaf Asset Management LLC increased its stake in Diodes by 198.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 522 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Diodes during the fourth quarter valued at about $79,000. KBC Group NV increased its position in shares of Diodes by 36.7% during the fourth quarter. KBC Group NV now owns 1,987 shares of the semiconductor company’s stock worth $123,000 after acquiring an additional 533 shares in the last quarter. Xponance Inc. acquired a new stake in shares of Diodes in the 4th quarter worth about $203,000. Finally, Verdence Capital Advisors LLC bought a new position in Diodes in the 4th quarter valued at about $250,000. 99.23% of the stock is owned by institutional investors and hedge funds.

Diodes Stock Performance

Shares of Diodes stock opened at $35.36 on Friday. The firm has a market capitalization of $1.64 billion, a P/E ratio of 37.22 and a beta of 1.43. The company has a current ratio of 3.26, a quick ratio of 1.99 and a debt-to-equity ratio of 0.01. The business’s fifty day simple moving average is $47.80 and its 200 day simple moving average is $57.11. Diodes Incorporated has a 12 month low of $32.93 and a 12 month high of $86.74.

Diodes (NASDAQ:DIOD) last released its 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 net margin of 3.36% and a return on equity of 3.28%. As a group, analysts anticipate that Diodes Incorporated will post 1.82 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have commented on DIOD. Baird R W raised Diodes from a “hold” rating to a “strong-buy” rating in a report on Monday. Robert W. Baird raised Diodes from a “neutral” rating to an “outperform” rating and set a $50.00 price target for the company in a research report on Monday. Truist Financial cut their price objective on shares of Diodes from $63.00 to $53.00 and set a “hold” rating on the stock in a report on Wednesday, February 12th. Finally, Benchmark lowered their target price on shares of Diodes from $74.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $56.00.

Insider Buying and Selling

In other Diodes news, SVP Emily Yang sold 950 shares of the firm’s stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 65,107 shares of the company’s stock, valued at $3,648,596.28. This trade represents a 1.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Brett R. Whitmire sold 830 shares of the company’s stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 51,525 shares in the company, valued at approximately $2,887,461. The trade was a 1.59 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,680 shares of company stock valued at $262,267. Company insiders own 2.30% of the company’s stock.

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.