Xponance Inc. Buys Shares of 3,297 Diodes Incorporated (NASDAQ:DIOD)

Xponance Inc. acquired a new stake in Diodes Incorporated (NASDAQ:DIOD) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,297 shares of the semiconductor company’s stock, valued at approximately $203,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DIOD. Smartleaf Asset Management LLC lifted its position in shares of Diodes by 198.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 522 shares in the last quarter. KBC Group NV lifted its holdings in Diodes by 36.7% in the 4th quarter. KBC Group NV now owns 1,987 shares of the semiconductor company’s stock worth $123,000 after buying an additional 533 shares in the last quarter. Verdence Capital Advisors LLC purchased a new position in Diodes in the 4th quarter valued at about $250,000. EP Wealth Advisors LLC acquired a new stake in shares of Diodes during the third quarter valued at about $260,000. Finally, Cibc World Markets Corp purchased a new stake in shares of Diodes during the fourth quarter worth about $263,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Diodes Stock Performance

Shares of DIOD stock opened at $43.32 on Friday. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of 45.60 and a beta of 1.31. Diodes Incorporated has a one year low of $42.93 and a one year high of $86.74. The company’s 50-day simple moving average is $52.52 and its 200-day simple moving average is $58.78. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.99 and a current ratio of 3.26.

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

Insider Buying and Selling at Diodes

In related news, President Gary Yu sold 2,900 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total transaction of $162,516.00. Following the completion of the transaction, the president now owns 79,697 shares in the company, valued at $4,466,219.88. The trade was a 3.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brett R. Whitmire sold 830 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total value of $46,513.20. Following the completion of the sale, the chief financial officer now directly owns 51,525 shares in the company, valued at $2,887,461. This represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,680 shares of company stock worth $262,267 over the last 90 days. Insiders own 2.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DIOD. Truist Financial lowered their price objective on Diodes from $63.00 to $53.00 and set a “hold” rating for the company in a research note on Wednesday, February 12th. Benchmark decreased their price target on shares of Diodes from $74.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th.

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.