Public Employees Retirement System of Ohio Grows Stock Holdings in Diodes Incorporated (NASDAQ:DIOD)

Public Employees Retirement System of Ohio raised its position in shares of Diodes Incorporated (NASDAQ:DIODFree Report) by 382.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,714 shares of the semiconductor company’s stock after buying an additional 2,152 shares during the period. Public Employees Retirement System of Ohio’s holdings in Diodes were worth $214,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sei Investments Co. boosted its position in shares of Diodes by 10.9% during the third quarter. Sei Investments Co. now owns 586,721 shares of the semiconductor company’s stock worth $46,257,000 after buying an additional 57,817 shares during the period. Alberta Investment Management Corp boosted its holdings in Diodes by 3.1% in the second quarter. Alberta Investment Management Corp now owns 12,058 shares of the semiconductor company’s stock valued at $1,115,000 after purchasing an additional 358 shares during the period. Federated Hermes Inc. boosted its holdings in Diodes by 30.4% in the third quarter. Federated Hermes Inc. now owns 24,807 shares of the semiconductor company’s stock valued at $1,956,000 after purchasing an additional 5,786 shares during the period. Great Lakes Advisors LLC boosted its holdings in Diodes by 22.5% in the third quarter. Great Lakes Advisors LLC now owns 142,105 shares of the semiconductor company’s stock valued at $11,204,000 after purchasing an additional 26,142 shares during the period. Finally, FMR LLC boosted its holdings in Diodes by 14.1% in the third quarter. FMR LLC now owns 912,667 shares of the semiconductor company’s stock valued at $71,955,000 after purchasing an additional 112,620 shares during the period. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Diodes

In other news, CEO Keh Shew Lu sold 3,000 shares of Diodes stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $68.14, for a total transaction of $204,420.00. Following the completion of the transaction, the chief executive officer now owns 256,492 shares of the company’s stock, valued at approximately $17,477,364.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Keh Shew Lu sold 3,000 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $68.14, for a total transaction of $204,420.00. Following the completion of the sale, the chief executive officer now owns 256,492 shares in the company, valued at approximately $17,477,364.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brett R. Whitmire sold 3,400 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $67.30, for a total value of $228,820.00. Following the completion of the transaction, the chief financial officer now owns 48,265 shares of the company’s stock, valued at approximately $3,248,234.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,900 shares of company stock valued at $1,774,570. 2.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

DIOD has been the subject of a number of recent research reports. TD Cowen lifted their target price on Diodes from $72.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Truist Financial cut their price target on Diodes from $78.00 to $67.00 and set a “hold” rating on the stock in a research note on Wednesday, February 7th. Wells Fargo & Company cut their price target on Diodes from $80.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 7th. Finally, TheStreet cut Diodes from a “b-” rating to a “c+” rating in a research note on Friday, December 1st. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Diodes presently has an average rating of “Hold” and a consensus price target of $72.40.

Read Our Latest Research Report on Diodes

Diodes Stock Up 4.2 %

Diodes stock opened at $70.38 on Thursday. Diodes Incorporated has a 1-year low of $60.00 and a 1-year high of $97.37. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.02 and a quick ratio of 2.03. The stock has a market cap of $3.23 billion, a PE ratio of 14.33 and a beta of 1.46. The stock’s fifty day moving average is $68.37 and its two-hundred day moving average is $71.93.

Diodes (NASDAQ:DIODGet Free Report) last announced its earnings results on Tuesday, February 6th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. The firm had revenue of $322.70 million during the quarter, compared to analysts’ expectations of $324.76 million. Diodes had a return on equity of 12.79% and a net margin of 13.67%. The business’s revenue was down 35.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.73 EPS. On average, sell-side analysts expect that Diodes Incorporated will post 2.55 EPS for the current fiscal year.

Diodes Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Diodes (NASDAQ:DIOD)

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