Aviva PLC Lowers Holdings in Diodes Incorporated (NASDAQ:DIOD)

Aviva PLC trimmed its holdings in Diodes Incorporated (NASDAQ:DIOD – Get Rating) by 48.3% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 11,852 shares of the semiconductor company’s stock after selling 11,083 shares during the period. Aviva PLC’s holdings in Diodes were worth $902,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Belpointe Asset Management LLC purchased a new position in Diodes in the fourth quarter worth approximately $43,000. Standard Family Office LLC acquired a new position in Diodes during the third quarter worth $71,000. Quantbot Technologies LP acquired a new position in Diodes during the second quarter worth $76,000. Point72 Hong Kong Ltd acquired a new position in Diodes during the second quarter worth $92,000. Finally, CWM LLC lifted its stake in Diodes by 19.1% during the fourth quarter. CWM LLC now owns 1,232 shares of the semiconductor company’s stock worth $94,000 after purchasing an additional 198 shares in the last quarter. 96.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on DIOD shares. Truist Financial upped their price target on Diodes from $101.00 to $108.00 and gave the stock a “buy” rating in a research note on Tuesday, February 7th. Cowen upped their price target on Diodes from $95.00 to $110.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 7th. Robert W. Baird upped their price target on Diodes from $100.00 to $120.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 7th. StockNews.com began coverage on Diodes in a research note on Thursday. They issued a “buy” rating on the stock. Finally, Wells Fargo & Company reduced their price objective on Diodes from $95.00 to $85.00 in a research note on Wednesday, May 10th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $103.83.

Insider Activity at Diodes

In related news, CEO Keh Shew Lu sold 24,000 shares of the stock in a transaction on Friday, May 19th. The stock was sold at an average price of $94.68, for a total value of $2,272,320.00. Following the transaction, the chief executive officer now owns 8,683 shares of the company’s stock, valued at $822,106.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Keh Shew Lu sold 24,000 shares of the stock in a transaction on Friday, May 19th. The stock was sold at an average price of $94.68, for a total value of $2,272,320.00. Following the transaction, the chief executive officer now owns 8,683 shares of the company’s stock, valued at $822,106.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Julie Holland sold 8,075 shares of the firm’s stock in a transaction dated Wednesday, February 22nd. The stock was sold at an average price of $88.71, for a total value of $716,333.25. Following the transaction, the senior vice president now directly owns 43,702 shares in the company, valued at approximately $3,876,804.42. The disclosure for this sale can be found here. Insiders have sold 55,442 shares of company stock valued at $5,124,644 over the last quarter. 2.20% of the stock is owned by insiders.

Diodes Stock Up 1.6 %

Shares of NASDAQ DIOD opened at $95.31 on Monday. The stock has a market cap of $4.36 billion, a P/E ratio of 13.29 and a beta of 1.48. The company has a current ratio of 2.87, a quick ratio of 2.00 and a debt-to-equity ratio of 0.05. Diodes Incorporated has a 12-month low of $58.52 and a 12-month high of $97.45. The business’s fifty day simple moving average is $86.83 and its 200-day simple moving average is $86.48.

Diodes (NASDAQ:DIOD – Get Rating) last posted its earnings results on Tuesday, May 9th. The semiconductor company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.46 by $0.13. The firm had revenue of $467.24 million for the quarter, compared to analyst estimates of $467.03 million. Diodes had a return on equity of 21.67% and a net margin of 16.61%. Diodes’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.75 earnings per share. As a group, equities analysts predict that Diodes Incorporated will post 6.39 EPS for the current fiscal year.

Diodes Profile

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Diodes, Inc manufactures and supplies application-specific standard products within the broad discrete, logic, analog, and mixed-signal semiconductor markets. The firm 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.