Norden Group LLC Has $310,000 Holdings in Diodes Incorporated (NASDAQ:DIOD)

Norden Group LLC decreased its stake in Diodes Incorporated (NASDAQ:DIOD) by 21.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,850 shares of the semiconductor company’s stock after selling 1,060 shares during the period. Norden Group LLC’s holdings in Diodes were worth $310,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC bought a new stake in shares of Diodes in the 4th quarter valued at about $30,000. NBC Securities Inc. bought a new stake in Diodes in the third quarter valued at approximately $59,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in Diodes by 17.5% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,184 shares of the semiconductor company’s stock valued at $93,000 after purchasing an additional 176 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in Diodes in the third quarter worth $113,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Diodes during the fourth quarter worth $143,000. Institutional investors own 99.23% of the company’s stock.

Diodes Price Performance

Shares of NASDAQ DIOD opened at $70.99 on Thursday. The company has a current ratio of 3.02, a quick ratio of 2.03 and a debt-to-equity ratio of 0.01. The firm has a market cap of $3.28 billion, a PE ratio of 14.46 and a beta of 1.44. The company has a fifty day moving average price of $68.94 and a 200 day moving average price of $70.51. Diodes Incorporated has a 1-year low of $60.00 and a 1-year high of $97.37.

Diodes (NASDAQ:DIOD) last announced its earnings results on Tuesday, February 6th. The semiconductor company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.47 by $0.04. The business had revenue of $322.70 million during the quarter, compared to analysts’ expectations of $324.76 million. Diodes had a net margin of 13.67% and a return on equity of 12.79%. The firm’s revenue was down 35.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.73 earnings per share. Research analysts predict that Diodes Incorporated will post 2.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on DIOD shares. Truist Financial lowered their price objective on shares of Diodes from $78.00 to $67.00 and set a “hold” rating for the company in a research report on Wednesday, February 7th. TD Cowen increased their price target on Diodes from $72.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Finally, Wells Fargo & Company dropped their price target on Diodes from $80.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 7th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Diodes currently has an average rating of “Hold” and an average price target of $72.40.

Insider Transactions at Diodes

In related news, CEO Keh Shew Lu sold 1,500 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $68.06, for a total value of $102,090.00. Following the completion of the transaction, the chief executive officer now directly owns 281,992 shares of the company’s stock, valued at $19,192,375.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Diodes news, CFO Brett R. Whitmire sold 3,400 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $67.30, for a total transaction of $228,820.00. Following the transaction, the chief financial officer now owns 48,265 shares of the company’s stock, valued at $3,248,234.50. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Keh Shew Lu sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $68.06, for a total value of $102,090.00. Following the completion of the sale, the chief executive officer now directly owns 281,992 shares of the company’s stock, valued at $19,192,375.52. The disclosure for this sale can be found here. Insiders have sold a total of 25,900 shares of company stock worth $1,774,570 in the last 90 days. Corporate insiders own 2.30% of the company’s stock.

About Diodes

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.