Sei Investments Co. Has $56.35 Million Position in Diodes Incorporated (NASDAQ:DIOD)

Sei Investments Co. lifted its stake in shares of Diodes Incorporated (NASDAQ:DIOD) by 5.7% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 783,448 shares of the semiconductor company’s stock after buying an additional 42,192 shares during the quarter. Sei Investments Co. owned about 1.70% of Diodes worth $56,353,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DIOD. GAMMA Investing LLC lifted its position in Diodes by 66.5% during the second quarter. GAMMA Investing LLC now owns 453 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 181 shares during the last quarter. EntryPoint Capital LLC acquired a new position in Diodes in the 1st quarter valued at $40,000. Riverview Trust Co bought a new position in Diodes during the 1st quarter worth $51,000. NBC Securities Inc. lifted its holdings in shares of Diodes by 62.3% during the first quarter. NBC Securities Inc. now owns 1,227 shares of the semiconductor company’s stock worth $86,000 after buying an additional 471 shares in the last quarter. Finally, Innealta Capital LLC bought a new stake in shares of Diodes in the second quarter valued at about $88,000. Institutional investors own 99.23% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DIOD. Truist Financial dropped their price objective on shares of Diodes from $74.00 to $69.00 and set a “hold” rating for the company in a research note on Friday, August 9th. StockNews.com cut shares of Diodes from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Diodes has an average rating of “Hold” and a consensus price target of $73.20.

Diodes Trading Down 2.1 %

DIOD opened at $60.12 on Monday. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 16.38 and a beta of 1.32. The company has a quick ratio of 2.10, a current ratio of 3.38 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a twelve month low of $58.62 and a twelve month high of $86.74. The company has a 50-day simple moving average of $68.88 and a 200 day simple moving average of $70.67.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings results on Thursday, August 8th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. Diodes had a net margin of 7.12% and a return on equity of 5.76%. The business had revenue of $319.80 million for the quarter, compared to analyst estimates of $316.12 million. During the same quarter last year, the business posted $1.59 EPS. The firm’s revenue for the quarter was down 31.5% on a year-over-year basis. Analysts predict that Diodes Incorporated will post 1.6 EPS for the current fiscal year.

Insider Activity

In related news, CEO Keh Shew Lu sold 20,010 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $67.25, for a total value of $1,345,672.50. Following the sale, the chief executive officer now directly owns 246,492 shares of the company’s stock, valued at $16,576,587. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Brett R. Whitmire sold 1,900 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $69.99, for a total transaction of $132,981.00. Following the sale, the chief financial officer now owns 46,365 shares of the company’s stock, valued at approximately $3,245,086.35. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Keh Shew Lu sold 20,010 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $67.25, for a total value of $1,345,672.50. Following the completion of the transaction, the chief executive officer now directly owns 246,492 shares of the company’s stock, valued at approximately $16,576,587. The disclosure for this sale can be found here. In the last quarter, insiders have sold 24,182 shares of company stock worth $1,640,921. Insiders own 2.30% of the company’s stock.

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.