Hood River Capital Management LLC Invests $72.04 Million in Diodes Incorporated (NASDAQ:DIOD)

Hood River Capital Management LLC bought a new position in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,168,097 shares of the semiconductor company's stock, valued at approximately $72,037,000. Hood River Capital Management LLC owned 2.52% of Diodes at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its position in shares of Diodes by 75.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,296 shares of the semiconductor company's stock worth $327,000 after acquiring an additional 2,271 shares during the last quarter. MetLife Investment Management LLC boosted its stake in Diodes by 4.2% in the 4th quarter. MetLife Investment Management LLC now owns 27,433 shares of the semiconductor company's stock worth $1,692,000 after purchasing an additional 1,117 shares during the period. Dimensional Fund Advisors LP raised its position in Diodes by 8.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,238,567 shares of the semiconductor company's stock valued at $138,053,000 after buying an additional 168,545 shares during the period. First Trust Advisors LP increased its holdings in shares of Diodes by 45.8% in the 4th quarter. First Trust Advisors LP now owns 57,028 shares of the semiconductor company's stock valued at $3,517,000 after purchasing an additional 17,913 shares during the period. Finally, Jump Financial LLC purchased a new stake in Diodes in the 4th quarter worth approximately $1,129,000. 99.23% of the stock is owned by institutional investors and hedge funds.

Diodes Price Performance

DIOD stock traded down $0.24 during midday trading on Monday, reaching $38.30. 116,244 shares of the company's stock traded hands, compared to its average volume of 414,306. The company has a quick ratio of 1.99, a current ratio of 3.26 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 40.41 and a beta of 1.43. The company has a 50-day simple moving average of $43.68 and a two-hundred day simple moving average of $54.96. Diodes Incorporated has a 1-year low of $32.93 and a 1-year high of $86.74.

Diodes (NASDAQ:DIOD - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.27). Diodes had a net margin of 3.36% and a return on equity of 3.28%. On average, analysts anticipate that Diodes Incorporated will post 1.82 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DIOD. Baird R W upgraded shares of Diodes from a "hold" rating to a "strong-buy" rating in a report on Monday, April 7th. Robert W. Baird raised Diodes from a "neutral" rating to an "outperform" rating and set a $50.00 target price on the stock in a research report on Monday, April 7th. Benchmark reduced their price objective on shares of Diodes from $74.00 to $65.00 and set a "buy" rating for the company in a report on Wednesday, February 12th. Finally, Truist Financial cut their target price on Diodes from $63.00 to $53.00 and set a "hold" rating for the company in a research report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $56.00.

Insiders Place Their Bets

In related news, SVP Emily Yang sold 950 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction of $53,238.00. Following the completion of the transaction, the senior vice president now owns 65,107 shares in the company, valued at approximately $3,648,596.28. The trade was a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brett R. Whitmire sold 830 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total value of $46,513.20. Following the sale, the chief financial officer now directly owns 51,525 shares in the company, valued at $2,887,461. The trade was a 1.59 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,680 shares of company stock valued at $262,267. 2.30% of the stock is currently owned by corporate insiders.

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.