Global Alpha Capital Management Ltd. Purchases 2,600 Shares of Diodes Incorporated (NASDAQ:DIOD)

Global Alpha Capital Management Ltd. boosted its position in shares of Diodes Incorporated (NASDAQ:DIOD) by 1.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 248,170 shares of the semiconductor company’s stock after purchasing an additional 2,600 shares during the period. Global Alpha Capital Management Ltd.’s holdings in Diodes were worth $15,905,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Quest Partners LLC bought a new position in Diodes during the third quarter worth about $184,000. Zions Bancorporation N.A. increased its stake in Diodes by 18.3% in the third quarter. Zions Bancorporation N.A. now owns 27,928 shares of the semiconductor company’s stock valued at $1,790,000 after acquiring an additional 4,320 shares during the last quarter. KBC Group NV increased its stake in Diodes by 33.9% in the third quarter. KBC Group NV now owns 1,454 shares of the semiconductor company’s stock valued at $93,000 after acquiring an additional 368 shares during the last quarter. Victory Capital Management Inc. increased its stake in Diodes by 130.9% in the third quarter. Victory Capital Management Inc. now owns 1,744,135 shares of the semiconductor company’s stock valued at $111,782,000 after acquiring an additional 988,671 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in Diodes in the third quarter valued at approximately $922,000. Institutional investors own 99.23% of the company’s stock.

Insider Buying and Selling

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

Analysts Set New Price Targets

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

Diodes Stock Performance

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