Kennedy Capital Management LLC Buys 28,815 Shares of Diodes Incorporated $DIOD

Kennedy Capital Management LLC grew its stake in shares of Diodes Incorporated (NASDAQ:DIOD) by 19.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 173,991 shares of the semiconductor company’s stock after acquiring an additional 28,815 shares during the period. Kennedy Capital Management LLC’s holdings in Diodes were worth $8,585,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Verdence Capital Advisors LLC increased its position in shares of Diodes by 2.3% during the fourth quarter. Verdence Capital Advisors LLC now owns 8,430 shares of the semiconductor company’s stock valued at $416,000 after buying an additional 186 shares during the period. Farther Finance Advisors LLC increased its position in shares of Diodes by 51.4% during the fourth quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 200 shares during the period. Strs Ohio increased its position in shares of Diodes by 2.2% during the fourth quarter. Strs Ohio now owns 9,100 shares of the semiconductor company’s stock valued at $449,000 after buying an additional 200 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Diodes by 77.4% during the second quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 205 shares during the period. Finally, State of Alaska Department of Revenue increased its position in shares of Diodes by 0.9% during the fourth quarter. State of Alaska Department of Revenue now owns 25,574 shares of the semiconductor company’s stock valued at $1,261,000 after buying an additional 231 shares during the period. 99.23% of the stock is currently owned by institutional investors.

Diodes Price Performance

Shares of DIOD opened at $108.75 on Monday. The firm has a market cap of $5.00 billion, a P/E ratio of 59.10 and a beta of 1.90. The stock has a 50 day simple moving average of $98.86 and a two-hundred day simple moving average of $73.11. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 1.97. Diodes Incorporated has a 1 year low of $42.28 and a 1 year high of $121.96.

Diodes (NASDAQ:DIOD) last issued its earnings results on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.08. The business had revenue of $405.47 million during the quarter, compared to analyst estimates of $396.33 million. Diodes had a return on equity of 3.48% and a net margin of 5.50%.Diodes’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.19 earnings per share. On average, analysts forecast that Diodes Incorporated will post 2.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Diodes news, SVP Andy Tsong sold 1,582 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $106.95, for a total value of $169,194.90. Following the completion of the sale, the senior vice president owned 48,170 shares of the company’s stock, valued at $5,151,781.50. This represents a 3.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gary Yu sold 3,632 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $110.08, for a total value of $399,810.56. Following the completion of the sale, the chief executive officer directly owned 108,147 shares of the company’s stock, valued at approximately $11,904,821.76. This represents a 3.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 70,981 shares of company stock valued at $7,616,906 over the last 90 days. Company insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DIOD. Robert W. Baird set a $120.00 price objective on Diodes in a report on Friday, May 8th. Truist Financial boosted their price objective on Diodes from $98.00 to $139.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Finally, Zacks Research raised Diodes from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Diodes presently has an average rating of “Buy” and an average price target of $113.00.

About Diodes

Diodes Incorporated (NASDAQ: DIOD) is a global manufacturer and supplier of high‐performance discrete, logic, analog and mixed‐signal semiconductor products. Headquartered in Plano, Texas, the company designs and develops a broad range of discrete components, standard logic functions, power management circuits, interface products and array products. Its portfolio includes rectifiers, MOSFETs, general‐purpose diodes, voltage regulators, comparators, buffers and other building blocks for electronic systems.

Diodes Incorporated serves a variety of end markets such as automotive, computing, communications, consumer electronics, industrial and lighting.