Raymond James & Associates Buys 8,294 Shares of Diodes Incorporated (NASDAQ:DIOD)

Raymond James & Associates grew its stake in Diodes Incorporated (NASDAQ:DIODGet Rating) by 50.9% during the third quarter, Holdings Channel.com reports. The fund owned 24,602 shares of the semiconductor company’s stock after purchasing an additional 8,294 shares during the quarter. Raymond James & Associates’ holdings in Diodes were worth $1,597,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in DIOD. JPMorgan Chase & Co. grew its stake in Diodes by 23.0% in the 1st quarter. JPMorgan Chase & Co. now owns 117,862 shares of the semiconductor company’s stock worth $10,252,000 after acquiring an additional 22,056 shares in the last quarter. Citigroup Inc. boosted its stake in shares of Diodes by 11.6% during the first quarter. Citigroup Inc. now owns 48,254 shares of the semiconductor company’s stock valued at $4,198,000 after purchasing an additional 5,012 shares in the last quarter. MetLife Investment Management LLC boosted its stake in shares of Diodes by 55.6% during the first quarter. MetLife Investment Management LLC now owns 22,875 shares of the semiconductor company’s stock valued at $1,990,000 after purchasing an additional 8,174 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Diodes by 4.9% during the first quarter. Rhumbline Advisers now owns 111,144 shares of the semiconductor company’s stock valued at $9,668,000 after purchasing an additional 5,201 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in shares of Diodes by 2.1% during the first quarter. BlackRock Inc. now owns 7,095,551 shares of the semiconductor company’s stock valued at $617,241,000 after purchasing an additional 147,907 shares in the last quarter. 96.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DIOD has been the topic of a number of recent research reports. Truist Financial increased their price objective on shares of Diodes from $97.00 to $101.00 and gave the company a “buy” rating in a research note on Monday. StockNews.com downgraded shares of Diodes from a “buy” rating to a “hold” rating in a research note on Thursday, January 5th. Wells Fargo & Company increased their price objective on shares of Diodes from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 8th. Benchmark lowered their target price on shares of Diodes from $105.00 to $90.00 and set a “buy” rating for the company in a research note on Tuesday, November 8th. Finally, Robert W. Baird lowered their target price on shares of Diodes from $130.00 to $100.00 in a research note on Tuesday, November 8th.

Diodes Trading Down 0.8 %

NASDAQ DIOD opened at $88.05 on Wednesday. The company has a fifty day simple moving average of $84.08 and a two-hundred day simple moving average of $76.77. The stock has a market cap of $4.00 billion, a P/E ratio of 13.24 and a beta of 1.41. Diodes Incorporated has a 12-month low of $58.52 and a 12-month high of $98.96. The company has a current ratio of 2.50, a quick ratio of 1.76 and a debt-to-equity ratio of 0.17.

Diodes (NASDAQ:DIODGet Rating) last posted its quarterly earnings results on Monday, November 7th. The semiconductor company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.14. The business had revenue of $521.27 million during the quarter, compared to analysts’ expectations of $521.10 million. Diodes had a net margin of 15.36% and a return on equity of 24.01%. On average, analysts forecast that Diodes Incorporated will post 7.31 earnings per share for the current year.

Insiders Place Their Bets

In other Diodes news, CEO Keh Shew Lu sold 8,000 shares of the firm’s stock in a transaction on Wednesday, November 30th. The shares were sold at an average price of $91.38, for a total value of $731,040.00. Following the completion of the transaction, the chief executive officer now owns 154,988 shares of the company’s stock, valued at $14,162,803.44. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, SVP Evan Yu sold 6,933 shares of the firm’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $88.50, for a total transaction of $613,570.50. Following the completion of the transaction, the senior vice president now owns 55,900 shares of the company’s stock, valued at $4,947,150. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Keh Shew Lu sold 8,000 shares of the firm’s stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $91.38, for a total transaction of $731,040.00. Following the transaction, the chief executive officer now directly owns 154,988 shares of the company’s stock, valued at approximately $14,162,803.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 58,047 shares of company stock valued at $5,062,509. Insiders own 2.60% of the company’s stock.

Diodes Profile

(Get Rating)

Diodes, Inc manufactures and supplies semiconductor products. It offers diodes, rectifiers, transistors, MOSFETs, protection devices, functional specific arrays, single gate, dual gate and standard logic, amplifiers and comparators, Hall-effect and temperature sensors. The firm operates through the following geographical segments: Asia, North America, and Europe.

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Want to see what other hedge funds are holding DIOD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Diodes Incorporated (NASDAQ:DIODGet Rating).

Institutional Ownership by Quarter for Diodes (NASDAQ:DIOD)

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