Jump Financial LLC Takes $1.13 Million Position in Diodes Incorporated (NASDAQ:DIOD)

Jump Financial LLC bought a new position in shares of Diodes Incorporated (NASDAQ:DIOD) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 18,314 shares of the semiconductor company’s stock, valued at approximately $1,129,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC increased its position in shares of Diodes by 198.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 522 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Diodes during the 4th quarter worth approximately $79,000. Sterling Capital Management LLC raised its holdings in shares of Diodes by 789.7% during the 4th quarter. Sterling Capital Management LLC now owns 1,290 shares of the semiconductor company’s stock worth $80,000 after buying an additional 1,145 shares in the last quarter. KBC Group NV boosted its stake in shares of Diodes by 36.7% in the 4th quarter. KBC Group NV now owns 1,987 shares of the semiconductor company’s stock valued at $123,000 after purchasing an additional 533 shares in the last quarter. Finally, Xponance Inc. bought a new stake in shares of Diodes during the fourth quarter worth $203,000. 99.23% of the stock is owned by institutional investors and hedge funds.

Diodes Price Performance

DIOD stock opened at $34.40 on Monday. The company has a 50-day moving average price of $45.36 and a 200 day moving average price of $55.92. 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 stock has a market cap of $1.60 billion, a PE ratio of 36.21 and a beta of 1.43. Diodes Incorporated has a 12 month low of $32.18 and a 12 month high of $86.74.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.27). Diodes had a net margin of 3.36% and a return on equity of 3.28%. Equities research analysts anticipate that Diodes Incorporated will post 1.82 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Truist Financial lowered their price objective on shares of Diodes from $63.00 to $53.00 and set a “hold” rating for the company in a research note on Wednesday, February 12th. Robert W. Baird raised shares of Diodes from a “neutral” rating to an “outperform” rating and set a $50.00 price objective for the company in a report on Monday, April 7th. Benchmark decreased their price target on shares of Diodes from $74.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Finally, Baird R W upgraded Diodes from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 7th. Two equities research 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 stock. Based on data from MarketBeat, Diodes currently has a consensus rating of “Moderate Buy” and a consensus target price of $56.00.

Insider Buying and Selling at Diodes

In other news, CFO Brett R. Whitmire sold 830 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 $46,513.20. Following the sale, the chief financial officer now directly owns 51,525 shares in the company, valued at approximately $2,887,461. This trade represents a 1.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Gary Yu sold 2,900 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction of $162,516.00. Following the completion of the sale, the president now directly owns 79,697 shares of the company’s stock, valued at approximately $4,466,219.88. This trade represents a 3.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,680 shares of company stock worth $262,267 over the last quarter. 2.30% of the stock is currently owned by company insiders.

Diodes Company 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.