Calamos Advisors LLC Takes Position in Diodes Incorporated $DIOD

Calamos Advisors LLC purchased a new position in shares of Diodes Incorporated (NASDAQ:DIODFree Report) during the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 26,343 shares of the semiconductor company’s stock, valued at approximately $1,798,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. boosted its position in shares of Diodes by 49.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 464,429 shares of the semiconductor company’s stock worth $24,712,000 after buying an additional 153,905 shares in the last quarter. Evergreen Capital Management LLC purchased a new position in Diodes during the 4th quarter valued at about $476,000. Bessemer Group Inc. raised its position in Diodes by 14.5% during the fourth quarter. Bessemer Group Inc. now owns 419,648 shares of the semiconductor company’s stock worth $20,707,000 after acquiring an additional 53,039 shares during the last quarter. Tributary Capital Management LLC lifted its holdings in shares of Diodes by 7.1% in the fourth quarter. Tributary Capital Management LLC now owns 346,023 shares of the semiconductor company’s stock valued at $17,073,000 after purchasing an additional 22,903 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Diodes by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 6,154,859 shares of the semiconductor company’s stock valued at $303,681,000 after purchasing an additional 166,603 shares in the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on DIOD shares. Robert W. Baird set a $120.00 price objective on Diodes in a research report on Friday, May 8th. Zacks Research downgraded Diodes from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. Finally, Truist Financial boosted their price target on Diodes from $98.00 to $139.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Diodes has an average rating of “Moderate Buy” and a consensus price target of $113.00.

View Our Latest Stock Report on Diodes

Diodes News Roundup

Here are the key news stories impacting Diodes this week:

Diodes Price Performance

Diodes stock opened at $96.92 on Thursday. Diodes Incorporated has a 1 year low of $42.28 and a 1 year high of $125.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 3.17. The company has a market cap of $4.45 billion, a price-to-earnings ratio of 52.67 and a beta of 1.88. The firm has a 50 day moving average price of $104.71 and a 200 day moving average price of $81.99.

Diodes (NASDAQ:DIODGet Free Report) last announced its earnings results on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.08. The company had revenue of $405.47 million during the quarter, compared to the consensus estimate of $396.33 million. Diodes had a return on equity of 3.48% and a net margin of 5.50%.The company’s revenue was up 22.1% on a year-over-year basis. During the same period last year, the firm earned $0.19 earnings per share. Sell-side analysts predict that Diodes Incorporated will post 2.58 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Richard Dallas White sold 3,000 shares of Diodes stock in a transaction on Friday, May 29th. The shares were sold at an average price of $106.17, for a total value of $318,510.00. Following the completion of the sale, the insider owned 8,071 shares in the company, valued at approximately $856,898.07. The trade was a 27.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Emily Yang sold 3,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $110.08, for a total transaction of $330,240.00. Following the transaction, the senior vice president directly owned 61,878 shares of the company’s stock, valued at approximately $6,811,530.24. This represents a 4.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 70,981 shares of company stock valued at $7,616,906. 1.70% of the stock is owned by insiders.

About Diodes

(Free Report)

Diodes Incorporated (NASDAQ: DIOD) is a global manufacturer and supplier of high‐performance discrete, logic, analog and mixed‐signal semiconductor products. Headquartered in Plano, Texas, the company designs and develops a broad range of discrete components, standard logic functions, power management circuits, interface products and array products. Its portfolio includes rectifiers, MOSFETs, general‐purpose diodes, voltage regulators, comparators, buffers and other building blocks for electronic systems.

Diodes Incorporated serves a variety of end markets such as automotive, computing, communications, consumer electronics, industrial and lighting.

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Institutional Ownership by Quarter for Diodes (NASDAQ:DIOD)

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