KLP Kapitalforvaltning AS Invests $580,000 in Diodes Incorporated (NASDAQ:DIOD)

KLP Kapitalforvaltning AS purchased a new stake in shares of Diodes Incorporated (NASDAQ:DIOD) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 9,400 shares of the semiconductor company’s stock, valued at approximately $580,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DIOD. JPMorgan Chase & Co. boosted its holdings in shares of Diodes by 34.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 226,742 shares of the semiconductor company’s stock valued at $14,532,000 after buying an additional 58,597 shares in the last quarter. Geode Capital Management LLC lifted its position in Diodes by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,266,052 shares of the semiconductor company’s stock valued at $81,154,000 after acquiring an additional 43,841 shares during the period. Smartleaf Asset Management LLC boosted its stake in 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 acquiring an additional 522 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in Diodes during the fourth quarter worth about $970,000. Finally, Raymond James Financial Inc. purchased a new stake in Diodes in the fourth quarter worth about $7,063,000. 99.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DIOD has been the topic of several recent research reports. Benchmark cut their price target on Diodes from $74.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Truist Financial cut their target price on Diodes from $63.00 to $53.00 and set a “hold” rating on the stock in a research note on Wednesday, February 12th.

Insider Buying and Selling at Diodes

In related news, SVP Emily Yang sold 950 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total value of $53,238.00. Following the sale, the senior vice president now directly owns 65,107 shares in the company, valued at approximately $3,648,596.28. The trade was a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Gary Yu sold 2,900 shares of the 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 transaction, the president now owns 79,697 shares of the company’s stock, valued at $4,466,219.88. This trade represents a 3.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,680 shares of company stock worth $262,267 in the last three months. 2.30% of the stock is currently owned by company insiders.

Diodes Trading Up 1.0 %

Shares of NASDAQ DIOD opened at $43.49 on Thursday. The firm’s 50 day moving average price is $51.37 and its 200-day moving average price is $58.40. Diodes Incorporated has a 52-week low of $41.80 and a 52-week high of $86.74. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.99 and a current ratio of 3.26. The company has a market cap of $2.02 billion, a PE ratio of 45.78 and a beta of 1.31.

Diodes (NASDAQ:DIOD) last released its quarterly earnings data 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 return on equity of 3.28% and a net margin of 3.36%. On average, equities research analysts expect that Diodes Incorporated will post 1.82 EPS for the current fiscal year.

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.