Delpha Capital Management LLC Acquires New Holdings in Diodes Incorporated (DIOD)
Delpha Capital Management LLC acquired a new stake in shares of Diodes Incorporated (NASDAQ:DIOD) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,998 shares of the semiconductor company’s stock, valued at approximately $143,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in DIOD. Russell Investments Group Ltd. grew its holdings in Diodes by 552.8% during the third quarter. Russell Investments Group Ltd. now owns 398,514 shares of the semiconductor company’s stock valued at $11,927,000 after purchasing an additional 337,471 shares during the period. Dimensional Fund Advisors LP grew its holdings in Diodes by 7.0% during the third quarter. Dimensional Fund Advisors LP now owns 3,475,574 shares of the semiconductor company’s stock valued at $104,023,000 after purchasing an additional 227,672 shares during the period. BlackRock Inc. grew its holdings in Diodes by 4.2% during the fourth quarter. BlackRock Inc. now owns 5,080,603 shares of the semiconductor company’s stock valued at $145,660,000 after purchasing an additional 204,420 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Diodes in the fourth quarter worth $3,384,000. Finally, Tygh Capital Management Inc. boosted its holdings in shares of Diodes by 61.6% in the third quarter. Tygh Capital Management Inc. now owns 213,455 shares of the semiconductor company’s stock worth $6,389,000 after acquiring an additional 81,381 shares during the period. 77.80% of the stock is owned by institutional investors and hedge funds.
In related news, VP Julie Holland sold 2,829 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $29.22, for a total value of $82,663.38. Following the sale, the vice president now owns 68,778 shares in the company, valued at $2,009,693.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 7.00% of the company’s stock.
Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Wednesday, February 7th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.02. Diodes had a positive return on equity of 7.94% and a negative net margin of 0.17%. The company had revenue of $268.43 million for the quarter, compared to the consensus estimate of $270.62 million. During the same quarter last year, the business posted $0.15 earnings per share. The firm’s revenue was up 15.7% compared to the same quarter last year. analysts expect that Diodes Incorporated will post 1.95 EPS for the current fiscal year.
DIOD has been the subject of a number of analyst reports. Benchmark raised Diodes from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a report on Thursday, February 8th. Sidoti raised Diodes from a “neutral” rating to a “buy” rating and set a $36.00 price target for the company in a report on Thursday, December 14th. They noted that the move was a valuation call. Zacks Investment Research upgraded Diodes from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research report on Friday, February 9th. TheStreet downgraded Diodes from a “b” rating to a “c” rating in a research report on Thursday, February 8th. Finally, ValuEngine downgraded Diodes from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Diodes has an average rating of “Buy” and a consensus price target of $34.50.
Diodes Company Profile
Diodes Incorporated is a manufacturer and supplier of application-specific standard products within the discrete, logic, analog and mixed-signal semiconductor markets, serving the consumer electronics, computing, communications, industrial and automotive markets. The Company’s products include diodes; rectifiers; transistors; metal-oxide semiconductor field-effect transistors (MOSFETs); protection devices; amplifiers and comparators; Hall-effect and temperature sensors, and power management devices, including light emitting diode (LED) drivers, alternating current (AC)-direct current (DC) and DC-DC switching, linear voltage regulators and voltage references, along with special function devices, such as universal serial bus (USB) power switches, load switches, voltage supervisors and motor controllers.
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