156,060 Shares in Diodes Incorporated $DIOD Bought by Cinctive Capital Management LP

Cinctive Capital Management LP purchased a new position in shares of Diodes Incorporated (NASDAQ:DIOD) during the fourth quarter, Holdings Channel.com reports. The fund purchased 156,060 shares of the semiconductor company’s stock, valued at approximately $7,700,000.

Other hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its holdings in Diodes by 12.4% during the first quarter. AQR Capital Management LLC now owns 6,028 shares of the semiconductor company’s stock valued at $260,000 after purchasing an additional 663 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Diodes by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,148 shares of the semiconductor company’s stock valued at $1,172,000 after purchasing an additional 1,186 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Diodes by 13.8% during the first quarter. Goldman Sachs Group Inc. now owns 391,005 shares of the semiconductor company’s stock valued at $16,880,000 after purchasing an additional 47,500 shares in the last quarter. Woodline Partners LP purchased a new position in Diodes during the first quarter valued at $559,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Diodes by 6.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 104,719 shares of the semiconductor company’s stock valued at $4,521,000 after purchasing an additional 6,708 shares in the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Diodes Price Performance

Shares of NASDAQ DIOD opened at $108.80 on Thursday. The firm has a 50-day simple moving average of $101.27 and a 200-day simple moving average of $74.48. The stock has a market capitalization of $5.00 billion, a price-to-earnings ratio of 59.13 and a beta of 1.90. The company has a quick ratio of 1.97, a current ratio of 3.17 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a 52 week low of $42.28 and a 52 week high of $121.96.

Diodes (NASDAQ:DIOD) last issued its earnings results on Thursday, May 7th. The semiconductor company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.08. The business had revenue of $405.47 million during the quarter, compared to analysts’ expectations of $396.33 million. Diodes had a net margin of 5.50% and a return on equity of 3.48%. The company’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.19 earnings per share. On average, equities analysts predict that Diodes Incorporated will post 2.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Gary Yu sold 3,632 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $110.08, for a total value of $399,810.56. Following the completion of the sale, the chief executive officer directly owned 108,147 shares in the company, valued at $11,904,821.76. This represents a 3.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Emily Yang sold 3,000 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $110.08, for a total transaction of $330,240.00. Following the completion of the sale, the senior vice president owned 61,878 shares of the company’s stock, valued at $6,811,530.24. This trade represents a 4.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 70,981 shares of company stock valued at $7,616,906. Corporate insiders own 1.70% of the company’s stock.

About Diodes

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.