Duality Advisers LP Purchases Shares of 17,730 Diodes Incorporated (NASDAQ:DIOD)

Duality Advisers LP purchased a new stake in shares of Diodes Incorporated (NASDAQ:DIOD) in the 1st quarter, HoldingsChannel reports. The firm purchased 17,730 shares of the semiconductor company’s stock, valued at approximately $1,250,000.

Other institutional investors have also added to or reduced their stakes in the company. Corient Private Wealth LLC purchased a new stake in shares of Diodes during the fourth quarter worth about $2,623,000. Tributary Capital Management LLC raised its stake in Diodes by 15.9% in the fourth quarter. Tributary Capital Management LLC now owns 225,029 shares of the semiconductor company’s stock worth $18,119,000 after buying an additional 30,840 shares in the last quarter. Sei Investments Co. raised its stake in Diodes by 23.5% in the fourth quarter. Sei Investments Co. now owns 724,397 shares of the semiconductor company’s stock worth $58,328,000 after buying an additional 137,676 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Diodes by 3.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 529,879 shares of the semiconductor company’s stock worth $42,666,000 after buying an additional 19,457 shares in the last quarter. Finally, Frontier Capital Management Co. LLC raised its stake in Diodes by 478.5% in the fourth quarter. Frontier Capital Management Co. LLC now owns 391,415 shares of the semiconductor company’s stock worth $31,517,000 after buying an additional 323,759 shares in the last quarter. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Diodes

In other news, CEO Keh Shew Lu sold 6,000 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $73.93, for a total value of $443,580.00. Following the sale, the chief executive officer now directly owns 102,996 shares in the company, valued at approximately $7,614,494.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Peter M. Menard sold 630 shares of Diodes stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $71.96, for a total transaction of $45,334.80. Following the completion of the transaction, the director now directly owns 18,050 shares of the company’s stock, valued at approximately $1,298,878. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Keh Shew Lu sold 6,000 shares of Diodes stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $73.93, for a total transaction of $443,580.00. Following the transaction, the chief executive officer now directly owns 102,996 shares of the company’s stock, valued at $7,614,494.28. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,630 shares of company stock worth $2,272,715. Insiders own 2.30% of the company’s stock.

Diodes Stock Performance

Shares of Diodes stock traded up $1.92 on Friday, hitting $84.30. 177,825 shares of the company’s stock were exchanged, compared to its average volume of 330,250. The company has a 50-day simple moving average of $73.30 and a 200-day simple moving average of $71.35. The stock has a market capitalization of $3.89 billion, a PE ratio of 22.45 and a beta of 1.36. Diodes Incorporated has a 1 year low of $60.00 and a 1 year high of $96.68. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.05 and a current ratio of 3.18.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings data on Thursday, May 9th. The semiconductor company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. The firm had revenue of $301.90 million for the quarter, compared to the consensus estimate of $305.47 million. Diodes had a net margin of 11.36% and a return on equity of 9.11%. The company’s revenue was down 35.4% on a year-over-year basis. During the same period last year, the firm earned $1.59 EPS. As a group, equities analysts anticipate that Diodes Incorporated will post 1.8 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Robert W. Baird increased their price target on shares of Diodes from $56.00 to $72.00 and gave the stock a “neutral” rating in a research note on Friday, May 10th. Truist Financial increased their price target on shares of Diodes from $67.00 to $74.00 and gave the company a “hold” rating in a report on Friday, May 10th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $74.20.

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.