KLP Kapitalforvaltning AS Takes Position in Diodes Incorporated (NASDAQ:DIOD)

KLP Kapitalforvaltning AS acquired a new position in shares of Diodes Incorporated (NASDAQ:DIOD) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 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 the stock. Sei Investments Co. lifted its stake in Diodes by 7.9% during the fourth quarter. Sei Investments Co. now owns 608,535 shares of the semiconductor company’s stock worth $37,528,000 after purchasing an additional 44,387 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Diodes during the 4th quarter valued at about $79,000. Xponance Inc. bought a new stake in Diodes in the 4th quarter worth approximately $203,000. Intech Investment Management LLC boosted its stake in Diodes by 33.3% in the fourth quarter. Intech Investment Management LLC now owns 15,622 shares of the semiconductor company’s stock worth $963,000 after buying an additional 3,903 shares in the last quarter. Finally, William Blair Investment Management LLC grew its position in Diodes by 2.9% during the fourth quarter. William Blair Investment Management LLC now owns 476,263 shares of the semiconductor company’s stock valued at $29,371,000 after acquiring an additional 13,310 shares during the last quarter. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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 transaction of $46,513.20. Following the transaction, the chief financial officer now directly owns 51,525 shares of the company’s stock, valued at approximately $2,887,461. The trade was a 1.59 % 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, SVP Emily Yang sold 950 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total value of $53,238.00. Following the completion of the sale, the senior vice president now directly owns 65,107 shares of the company’s stock, valued at $3,648,596.28. The trade was a 1.44 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,680 shares of company stock valued at $262,267. Insiders own 2.30% of the company’s stock.

Diodes Price Performance

Shares of Diodes stock opened at $43.49 on Thursday. The stock has a market capitalization of $2.02 billion, a P/E ratio of 45.78 and a beta of 1.31. Diodes Incorporated has a one year low of $41.80 and a one year high of $86.74. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.26 and a quick ratio of 1.99. The business’s 50 day simple moving average is $51.37 and its two-hundred day simple moving average is $58.40.

Diodes (NASDAQ:DIOD) last posted its quarterly 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 net margin of 3.36% and a return on equity of 3.28%. Analysts forecast that Diodes Incorporated will post 1.82 EPS for the current year.

Analyst Upgrades and Downgrades

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

About Diodes

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.