Kennedy Capital Management LLC Sells 5,075 Shares of Diodes Incorporated (NASDAQ:DIOD)

Kennedy Capital Management LLC reduced its stake in shares of Diodes Incorporated (NASDAQ:DIOD) by 7.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,572 shares of the semiconductor company’s stock after selling 5,075 shares during the quarter. Kennedy Capital Management LLC’s holdings in Diodes were worth $4,200,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Diodes by 2.3% during the first quarter. Vanguard Group Inc. now owns 5,782,828 shares of the semiconductor company’s stock valued at $407,689,000 after buying an additional 132,101 shares during the last quarter. Earnest Partners LLC boosted its holdings in shares of Diodes by 12.5% during the first quarter. Earnest Partners LLC now owns 2,534,798 shares of the semiconductor company’s stock worth $178,703,000 after purchasing an additional 282,089 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Diodes by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,709,298 shares of the semiconductor company’s stock worth $137,635,000 after purchasing an additional 43,941 shares during the period. Channing Capital Management LLC boosted its holdings in shares of Diodes by 19.8% during the fourth quarter. Channing Capital Management LLC now owns 1,009,445 shares of the semiconductor company’s stock worth $81,281,000 after purchasing an additional 166,934 shares during the period. Finally, Sei Investments Co. boosted its holdings in shares of Diodes by 2.3% during the first quarter. Sei Investments Co. now owns 741,256 shares of the semiconductor company’s stock worth $52,258,000 after purchasing an additional 16,859 shares during the period. 99.23% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Diodes news, Director Peter M. Menard sold 630 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $71.96, for a total value of $45,334.80. Following the completion of the sale, the director now directly owns 18,050 shares in the company, valued at $1,298,878. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Diodes news, CEO Keh Shew Lu sold 9,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $72.70, for a total transaction of $654,300.00. Following the completion of the transaction, the chief executive officer now owns 110,496 shares of the company’s stock, valued at $8,033,059.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Peter M. Menard sold 630 shares of the firm’s stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $71.96, for a total transaction of $45,334.80. Following the transaction, the director now directly owns 18,050 shares of the company’s stock, valued at approximately $1,298,878. The disclosure for this sale can be found here. Insiders sold 30,630 shares of company stock worth $2,272,715 over the last three months. Company insiders own 2.30% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Diodes Stock Down 3.0 %

DIOD traded down $2.36 on Tuesday, hitting $77.44. The company had a trading volume of 319,006 shares, compared to its average volume of 332,242. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.18 and a quick ratio of 2.05. Diodes Incorporated has a 52-week low of $60.00 and a 52-week high of $94.93. The stock has a fifty day simple moving average of $75.40 and a 200-day simple moving average of $71.60. The firm has a market capitalization of $3.57 billion, a P/E ratio of 21.35 and a beta of 1.36.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Thursday, May 9th. The semiconductor company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. Diodes had a net margin of 11.36% and a return on equity of 9.11%. The business had revenue of $301.90 million during the quarter, compared to analyst estimates of $305.47 million. During the same period last year, the business posted $1.59 earnings per share. Diodes’s quarterly revenue was down 35.4% compared to the same quarter last year. As a group, equities analysts expect that Diodes Incorporated will post 1.8 EPS for the current fiscal year.

Diodes Company 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.