Diodes Incorporated $DIOD Position Decreased by William Blair Investment Management LLC

Key Points

• William Blair Investment Management LLC reduced its stake in Diodes Incorporated by 7.4%, selling 44,239 shares during the second quarter, with ownership currently at approximately 1.19% of the company's stock.
• Institutional investors hold a significant majority of Diodes, owning 99.23% of its stock, with various firms, including Global Alpha Capital Management and Jane Street Group, increasing their positions recently.
• Recent analyst ratings show a shift in sentiment, with Zacks upgrading shares from a "strong sell" to "hold" and Wall Street Zen upgrading from "hold" to "buy," indicating a consensus target price of $55.00.

William Blair Investment Management LLC decreased its holdings in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) by 7.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 553,487 shares of the semiconductor company's stock after selling 44,239 shares during the period. William Blair Investment Management LLC owned approximately 1.19% of Diodes worth $29,274,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Global Alpha Capital Management Ltd. boosted its holdings in shares of Diodes by 107.6% in the first quarter. Global Alpha Capital Management Ltd. now owns 539,170 shares of the semiconductor company's stock worth $23,276,000 after buying an additional 279,400 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Diodes in the first quarter worth about $8,679,000. Nuveen LLC acquired a new position in shares of Diodes in the first quarter worth about $5,593,000. Dark Forest Capital Management LP acquired a new position in shares of Diodes in the first quarter worth about $5,214,000. Finally, Jane Street Group LLC boosted its holdings in shares of Diodes by 1,405.2% in the first quarter. Jane Street Group LLC now owns 126,858 shares of the semiconductor company's stock worth $5,476,000 after buying an additional 118,430 shares during the period. Institutional investors own 99.23% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Weiss Ratings reiterated a "hold (c-)" rating on shares of Diodes in a report on Wednesday, October 8th. Zacks Research upgraded shares of Diodes from a "strong sell" rating to a "hold" rating in a report on Monday, October 6th. Finally, Wall Street Zen upgraded shares of Diodes from a "hold" rating to a "buy" rating in a report on Sunday, August 31st. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $55.00.

Diodes Trading Down 2.2%

NASDAQ:DIOD opened at $54.52 on Monday. Diodes Incorporated has a 12 month low of $32.93 and a 12 month high of $67.40. The company's 50 day moving average is $53.58 and its 200-day moving average is $49.19. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 39.80 and a beta of 1.63. The company has a quick ratio of 2.04, a current ratio of 3.33 and a debt-to-equity ratio of 0.01.

Diodes (NASDAQ:DIOD - Get Free Report) last announced its earnings results on Tuesday, March 8th. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter. Diodes had a net margin of 4.59% and a return on equity of 2.98%. The business had revenue of $350.37 million for the quarter. Equities analysts anticipate that Diodes Incorporated will post 1.82 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Brett R. Whitmire sold 2,000 shares of the business's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $55.90, for a total transaction of $111,800.00. Following the transaction, the chief financial officer owned 48,777 shares of the company's stock, valued at approximately $2,726,634.30. The trade was a 3.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Emily Yang sold 1,000 shares of the business's stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $56.36, for a total transaction of $56,360.00. Following the transaction, the senior vice president directly owned 59,479 shares in the company, valued at $3,352,236.44. This trade represents a 1.65% decrease in their position. The disclosure for this sale can be found here. 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.

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