Kennedy Capital Management LLC Has $8.59 Million Position in Diodes Incorporated $DIOD

Kennedy Capital Management LLC boosted its holdings in Diodes Incorporated (NASDAQ:DIOD) by 19.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 173,991 shares of the semiconductor company’s stock after purchasing an additional 28,815 shares during the quarter. Kennedy Capital Management LLC owned about 0.38% of Diodes worth $8,585,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in Diodes by 77.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 205 shares during the period. Geneos Wealth Management Inc. bought a new position in Diodes during the 2nd quarter valued at $30,000. Farther Finance Advisors LLC lifted its stake in Diodes by 51.4% during the 4th quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 200 shares in the last quarter. MAI Capital Management lifted its stake in Diodes by 150.0% during the 3rd quarter. MAI Capital Management now owns 685 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 411 shares in the last quarter. Finally, Quarry LP bought a new position in Diodes during the 3rd quarter valued at $39,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

Insider Buying and Selling

In related news, SVP Andy Tsong sold 1,582 shares of Diodes stock in a transaction dated 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 approximately $5,151,781.50. This trade represents a 3.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Emily Yang sold 3,000 shares of Diodes stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $110.08, for a total value of $330,240.00. Following the completion of the sale, the senior vice president directly owned 61,878 shares of the company’s stock, valued at approximately $6,811,530.24. This trade represents a 4.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 70,981 shares of company stock worth $7,616,906 in the last quarter. 1.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DIOD. Robert W. Baird set a $120.00 price objective on Diodes in a research note on Friday, May 8th. Truist Financial raised their price objective on Diodes from $98.00 to $139.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Finally, Zacks Research upgraded Diodes from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Diodes currently has a consensus rating of “Buy” and a consensus price target of $113.00.

Diodes Stock Performance

NASDAQ DIOD opened at $108.75 on Monday. The stock has a market capitalization of $5.00 billion, a price-to-earnings ratio of 59.10 and a beta of 1.90. Diodes Incorporated has a one year low of $42.28 and a one year high of $121.96. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 1.97. The business’s fifty day moving average is $98.86 and its 200-day moving average is $73.11.

Diodes (NASDAQ:DIOD) last released its earnings results on Thursday, May 7th. The semiconductor company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.08. Diodes had a return on equity of 3.48% and a net margin of 5.50%.The company had revenue of $405.47 million for the quarter, compared to analysts’ expectations of $396.33 million. During the same period in the previous year, the business posted $0.19 EPS. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. Equities research analysts predict that Diodes Incorporated will post 2.58 EPS for the current year.

Diodes Company Profile

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.