Diodes Incorporated (NASDAQ:DIOD) Shares Sold by Metropolitan Life Insurance Co NY

Metropolitan Life Insurance Co NY decreased its position in shares of Diodes Incorporated (NASDAQ:DIODGet Rating) by 75.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,727 shares of the semiconductor company’s stock after selling 8,174 shares during the period. Metropolitan Life Insurance Co NY’s holdings in Diodes were worth $237,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Signaturefd LLC raised its stake in shares of Diodes by 157.7% in the 1st quarter. Signaturefd LLC now owns 286 shares of the semiconductor company’s stock worth $25,000 after buying an additional 175 shares in the last quarter. CWM LLC lifted its stake in Diodes by 310.6% during the first quarter. CWM LLC now owns 349 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 264 shares during the last quarter. UMB Bank N A MO bought a new stake in Diodes during the fourth quarter worth approximately $43,000. Quadrant Capital Group LLC grew its position in Diodes by 305.7% in the first quarter. Quadrant Capital Group LLC now owns 426 shares of the semiconductor company’s stock worth $37,000 after buying an additional 321 shares during the last quarter. Finally, Covestor Ltd bought a new position in shares of Diodes in the fourth quarter valued at $72,000. Institutional investors own 95.57% of the company’s stock.

Diodes Price Performance

Shares of NASDAQ:DIOD opened at $68.67 on Thursday. The company’s fifty day moving average is $73.83 and its two-hundred day moving average is $76.34. The company has a market cap of $3.12 billion, a P/E ratio of 10.95 and a beta of 1.32. Diodes Incorporated has a 12-month low of $58.52 and a 12-month high of $113.98. The company has a quick ratio of 1.69, a current ratio of 2.43 and a debt-to-equity ratio of 0.16.

Diodes (NASDAQ:DIODGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The semiconductor company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.15. Diodes had a return on equity of 23.24% and a net margin of 14.82%. The business had revenue of $500.97 million for the quarter, compared to the consensus estimate of $501.47 million. Diodes’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.20 earnings per share. Equities analysts expect that Diodes Incorporated will post 7.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on DIOD shares. Cowen boosted their target price on Diodes to $95.00 in a research report on Tuesday, August 9th. Wells Fargo & Company reduced their price objective on shares of Diodes from $85.00 to $65.00 and set an “equal weight” rating for the company in a research note on Monday, July 11th.

Insider Buying and Selling

In other news, CFO Brett R. Whitmire sold 600 shares of the firm’s stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $60.00, for a total value of $36,000.00. Following the sale, the chief financial officer now directly owns 27,125 shares of the company’s stock, valued at $1,627,500. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Brett R. Whitmire sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of $60.00, for a total transaction of $36,000.00. Following the completion of the transaction, the chief financial officer now directly owns 27,125 shares in the company, valued at $1,627,500. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Keh Shew Lu sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $83.11, for a total transaction of $249,330.00. Following the completion of the sale, the chief executive officer now owns 75,183 shares in the company, valued at approximately $6,248,459.13. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.

About Diodes

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Diodes Incorporated designs, manufactures, and supplies application-specific standard products in the discrete, logic, analog, and mixed-signal semiconductor markets worldwide. It focuses on low pin count semiconductor devices with one or more active or passive components. The company offers discrete semiconductor products, such as MOSFET, TVS, and performance Schottky rectifiers; GPP bridges and retifiers, and performance Schottky diodes; Zener and performance Zener diodes, including tight tolerance and low operating current type; standard, fast, super-fast, and ultra-fast recovery rectifiers; bridge rectifiers; switching diodes; small signal bipolar and prebiased transistors; thyristor surge protection devices; and transient voltage suppressors.

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Institutional Ownership by Quarter for Diodes (NASDAQ:DIOD)

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