QRG Capital Management Inc. Increases Stock Holdings in Diodes Incorporated $DIOD

QRG Capital Management Inc. grew its position in Diodes Incorporated (NASDAQ:DIOD) by 19.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,538 shares of the semiconductor company’s stock after buying an additional 1,248 shares during the quarter. QRG Capital Management Inc.’s holdings in Diodes were worth $399,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. increased its position in shares of Diodes by 2.6% in the first quarter. Principal Financial Group Inc. now owns 230,728 shares of the semiconductor company’s stock valued at $9,961,000 after buying an additional 5,931 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of Diodes by 19.7% in the first quarter. Oppenheimer Asset Management Inc. now owns 18,768 shares of the semiconductor company’s stock valued at $810,000 after buying an additional 3,092 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Diodes in the first quarter valued at $952,000. GAMMA Investing LLC increased its position in shares of Diodes by 4,211.7% in the first quarter. GAMMA Investing LLC now owns 35,313 shares of the semiconductor company’s stock valued at $1,524,000 after buying an additional 34,494 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in shares of Diodes by 52.0% in the second quarter. Parallel Advisors LLC now owns 757 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 259 shares in the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DIOD. Zacks Research upgraded Diodes from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Benchmark reaffirmed a “buy” rating and set a $62.00 price objective (up previously from $55.00) on shares of Diodes in a research note on Friday, June 13th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Diodes in a research note on Wednesday. Finally, Wall Street Zen raised Diodes from a “hold” rating to a “buy” rating in a research note on Sunday, August 31st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $55.00.

Diodes Stock Down 7.8%

Shares of NASDAQ:DIOD opened at $48.37 on Friday. The stock’s 50-day moving average price is $53.06 and its two-hundred day moving average price is $48.73. The company has a current ratio of 3.33, a quick ratio of 2.04 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a 12-month low of $32.93 and a 12-month high of $67.40. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 35.31 and a beta of 1.63.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings results on Tuesday, March 8th. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter. Diodes had a return on equity of 2.98% and a net margin of 4.59%.The firm had revenue of $350.37 million for the quarter. On average, research analysts forecast that Diodes Incorporated will post 1.82 EPS for the current year.

Insider Transactions at Diodes

In other Diodes news, SVP Emily Yang sold 1,000 shares of the firm’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $56.36, for a total value of $56,360.00. Following the sale, the senior vice president directly owned 59,479 shares of the company’s stock, valued at approximately $3,352,236.44. This trade represents a 1.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brett R. Whitmire sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $55.90, for a total value of $111,800.00. Following the completion of the sale, the chief financial officer directly owned 48,777 shares in the company, valued at approximately $2,726,634.30. The trade was a 3.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.

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.