Jane Street Group LLC Has $520,000 Stake in Diodes Incorporated (NASDAQ:DIOD)

Jane Street Group LLC lessened its position in Diodes Incorporated (NASDAQ:DIOD - Free Report) by 91.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,428 shares of the semiconductor company's stock after selling 92,536 shares during the quarter. Jane Street Group LLC's holdings in Diodes were worth $520,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of DIOD. Hood River Capital Management LLC bought a new position in Diodes in the 4th quarter worth $72,037,000. Norges Bank bought a new position in Diodes in the 4th quarter worth $33,933,000. Dimensional Fund Advisors LP raised its holdings in Diodes by 8.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,238,567 shares of the semiconductor company's stock worth $138,053,000 after acquiring an additional 168,545 shares during the period. Victory Capital Management Inc. raised its holdings in Diodes by 9.4% in the 4th quarter. Victory Capital Management Inc. now owns 1,907,509 shares of the semiconductor company's stock worth $117,636,000 after acquiring an additional 163,374 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Diodes by 55.9% in the 4th quarter. JPMorgan Chase & Co. now owns 353,595 shares of the semiconductor company's stock worth $21,806,000 after acquiring an additional 126,853 shares during the period. Institutional investors own 99.23% of the company's stock.

Diodes Price Performance

Shares of Diodes stock traded down $1.45 during trading on Friday, hitting $44.15. 370,195 shares of the company's stock traded hands, compared to its average volume of 429,169. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.26 and a quick ratio of 1.99. The firm's fifty day moving average price is $41.05 and its 200 day moving average price is $51.82. Diodes Incorporated has a twelve month low of $32.93 and a twelve month high of $86.74. The company has a market cap of $2.05 billion, a PE ratio of 46.47 and a beta of 1.37.

Diodes (NASDAQ:DIOD - Get Free Report) last issued its earnings results on Thursday, May 8th. The semiconductor company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.01. Diodes had a net margin of 3.36% and a return on equity of 3.28%. The business had revenue of $332.11 million for the quarter, compared to analyst estimates of $323.28 million. During the same period in the previous year, the business earned $0.28 EPS. The firm's revenue was up 10.0% on a year-over-year basis. Analysts forecast that Diodes Incorporated will post 1.82 earnings per share for the current year.

Diodes announced that its Board of Directors has authorized a stock repurchase plan on Thursday, May 8th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the semiconductor company to repurchase up to 5.4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

DIOD has been the topic of several research analyst reports. Robert W. Baird upgraded shares of Diodes from a "neutral" rating to an "outperform" rating and set a $50.00 price target on the stock in a research report on Monday, April 7th. Benchmark decreased their price target on shares of Diodes from $65.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday, May 12th. Truist Financial decreased their price target on shares of Diodes from $63.00 to $53.00 and set a "hold" rating on the stock in a research report on Wednesday, February 12th. Finally, Baird R W upgraded shares of Diodes from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Diodes has a consensus rating of "Moderate Buy" and a consensus target price of $52.67.

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.