Sei Investments Co. Has $37.53 Million Holdings in Diodes Incorporated (NASDAQ:DIOD)

Sei Investments Co. raised its stake in Diodes Incorporated (NASDAQ:DIOD) by 7.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 608,535 shares of the semiconductor company’s stock after acquiring an additional 44,387 shares during the period. Sei Investments Co.’s holdings in Diodes were worth $37,528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in DIOD. Truvestments Capital LLC bought a new stake in shares of Diodes in the third quarter valued at about $29,000. Smartleaf Asset Management LLC raised its holdings in Diodes by 198.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company’s stock valued at $48,000 after acquiring an additional 522 shares in the last quarter. Quantbot Technologies LP acquired a new position in Diodes in the 4th quarter valued at approximately $79,000. KBC Group NV lifted its position in shares of 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 acquiring an additional 533 shares during the period. Finally, Quest Partners LLC acquired a new stake in shares of Diodes during the 3rd quarter worth approximately $184,000. Institutional investors own 99.23% of the company’s stock.

Diodes Price Performance

Shares of DIOD stock opened at $46.92 on Tuesday. The stock’s fifty day simple moving average is $53.68 and its 200 day simple moving average is $59.20. Diodes Incorporated has a one year low of $44.24 and a one year high of $86.74. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 49.39 and a beta of 1.31. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.26 and a quick ratio of 1.99.

Diodes (NASDAQ:DIOD) last issued its earnings results 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 net margin of 3.36% and a return on equity of 3.28%. On average, analysts expect that Diodes Incorporated will post 1.82 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on DIOD shares. Truist Financial cut their target price 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 dropped their price objective on shares of Diodes from $74.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th.

Insiders Place Their Bets

In other news, CFO Brett R. Whitmire sold 830 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 value of $46,513.20. Following the transaction, the chief financial officer now directly owns 51,525 shares of the company’s stock, valued at $2,887,461. The trade was a 1.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Gary Yu sold 2,900 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total value of $162,516.00. Following the sale, the president now directly owns 79,697 shares of the company’s stock, valued at $4,466,219.88. This represents a 3.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,680 shares of company stock valued at $262,267. 2.30% of the stock is currently owned by insiders.

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.