Global Alpha Capital Management Ltd. Boosts Stake in Diodes Incorporated (NASDAQ:DIOD)

Global Alpha Capital Management Ltd. grew its stake in Diodes Incorporated (NASDAQ:DIOD) by 1.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 248,170 shares of the semiconductor company’s stock after acquiring an additional 2,600 shares during the quarter. Global Alpha Capital Management Ltd. owned about 0.54% of Diodes worth $15,905,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new stake in Diodes during the first quarter worth about $183,000. ProShare Advisors LLC raised its position in shares of Diodes by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 9,126 shares of the semiconductor company’s stock worth $643,000 after purchasing an additional 627 shares during the period. State Board of Administration of Florida Retirement System increased its position in Diodes by 30.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 16,875 shares of the semiconductor company’s stock valued at $1,190,000 after acquiring an additional 3,972 shares during the period. Vanguard Group Inc. increased its position in Diodes by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 5,782,828 shares of the semiconductor company’s stock valued at $407,689,000 after acquiring an additional 132,101 shares during the period. Finally, Acadian Asset Management LLC increased its position in Diodes by 598.2% in the 1st quarter. Acadian Asset Management LLC now owns 6,437 shares of the semiconductor company’s stock valued at $453,000 after acquiring an additional 5,515 shares during the period. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on DIOD shares. StockNews.com upgraded Diodes from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Truist Financial reduced their price objective on Diodes from $69.00 to $62.00 and set a “hold” rating for the company in a research note on Friday, November 8th. Finally, Benchmark reduced their price objective on Diodes from $83.00 to $75.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $72.80.

Insider Activity at Diodes

In other news, SVP Emily Yang sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $70.48, for a total value of $70,480.00. Following the transaction, the senior vice president now directly owns 59,820 shares of the company’s stock, valued at $4,216,113.60. The trade was a 1.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brett R. Whitmire sold 1,900 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $69.99, for a total value of $132,981.00. Following the transaction, the chief financial officer now directly owns 46,365 shares in the company, valued at approximately $3,245,086.35. This represents a 3.94 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,172 shares of company stock valued at $295,249. Insiders own 2.30% of the company’s stock.

Diodes Price Performance

DIOD opened at $54.70 on Wednesday. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of 41.44 and a beta of 1.32. Diodes Incorporated has a 1 year low of $52.71 and a 1 year high of $86.74. The company has a current ratio of 3.58, a quick ratio of 2.21 and a debt-to-equity ratio of 0.01. The stock has a fifty day moving average price of $61.64 and a 200 day moving average price of $68.43.

Diodes Company 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.