Global Alpha Capital Management Ltd. Increases Stock Holdings in Diodes Incorporated $DIOD

Global Alpha Capital Management Ltd. boosted its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 56.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 846,070 shares of the semiconductor company’s stock after buying an additional 306,900 shares during the period. Diodes makes up 2.8% of Global Alpha Capital Management Ltd.’s holdings, making the stock its 12th largest position. Global Alpha Capital Management Ltd. owned approximately 1.82% of Diodes worth $44,749,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Huntington National Bank increased its holdings in shares of Diodes by 294.1% during the second quarter. Huntington National Bank now owns 1,399 shares of the semiconductor company’s stock valued at $74,000 after acquiring an additional 1,044 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Diodes by 5.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 313,803 shares of the semiconductor company’s stock worth $16,597,000 after purchasing an additional 15,923 shares in the last quarter. Tredje AP fonden boosted its stake in Diodes by 12.9% in the 2nd quarter. Tredje AP fonden now owns 9,029 shares of the semiconductor company’s stock worth $478,000 after purchasing an additional 1,029 shares in the last quarter. Integral Investment Advisors Inc. purchased a new stake in Diodes during the 2nd quarter worth approximately $212,000. Finally, Teacher Retirement System of Texas increased its stake in Diodes by 15.0% during the 2nd quarter. Teacher Retirement System of Texas now owns 7,790 shares of the semiconductor company’s stock valued at $412,000 after purchasing an additional 1,016 shares in the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

Insider Activity at Diodes

In related news, SVP Emily Yang sold 1,000 shares of the business’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $56.36, for a total value of $56,360.00. Following the completion of the transaction, the senior vice president directly owned 59,479 shares in the company, valued at $3,352,236.44. The trade was a 1.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Brett R. Whitmire sold 2,000 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $55.90, for a total transaction of $111,800.00. Following the sale, the chief financial officer directly owned 48,777 shares in the company, valued at $2,726,634.30. This trade represents a 3.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.90% of the company’s stock.

Diodes Price Performance

NASDAQ:DIOD opened at $44.28 on Friday. The firm’s fifty day moving average is $53.62 and its two-hundred day moving average is $51.02. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 32.32 and a beta of 1.65. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.04 and a current ratio of 3.33. Diodes Incorporated has a one year low of $32.93 and a one year high of $67.40.

Diodes (NASDAQ:DIOD) last released its quarterly earnings data on Tuesday, March 8th. The semiconductor company reported $0.74 earnings per share for the quarter. The business had revenue of $350.37 million during the quarter. Diodes had a return on equity of 2.98% and a net margin of 4.59%. Research analysts expect that Diodes Incorporated will post 1.82 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Diodes in a research note on Wednesday, October 8th. Zacks Research raised Diodes from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Truist Financial dropped their price target on Diodes from $54.00 to $51.00 and set a “hold” rating on the stock in a research note on Friday. Finally, Wall Street Zen lowered Diodes from a “buy” rating to a “hold” rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $54.33.

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.