Diodes Incorporated (NASDAQ:DIOD) Stock Holdings Lessened by Arizona State Retirement System

Arizona State Retirement System lessened its position in Diodes Incorporated (NASDAQ:DIOD) by 1.4% during the fourth quarter, Holdings Channel reports. The fund owned 12,842 shares of the semiconductor company’s stock after selling 176 shares during the quarter. Arizona State Retirement System’s holdings in Diodes were worth $1,034,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of DIOD. JPMorgan Chase & Co. increased its holdings in shares of 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 during the period. Raymond James & Associates increased its stake in Diodes by 111.4% during the 1st quarter. Raymond James & Associates now owns 8,385 shares of the semiconductor company’s stock valued at $729,000 after buying an additional 4,419 shares during the period. Citigroup Inc. increased its stake in Diodes by 11.6% during the 1st quarter. Citigroup Inc. now owns 48,254 shares of the semiconductor company’s stock valued at $4,198,000 after buying an additional 5,012 shares during the period. MetLife Investment Management LLC increased its stake in Diodes by 55.6% during the 1st quarter. MetLife Investment Management LLC now owns 22,875 shares of the semiconductor company’s stock valued at $1,990,000 after buying an additional 8,174 shares during the period. Finally, Rhumbline Advisers increased its stake in Diodes by 4.9% during the 1st quarter. Rhumbline Advisers now owns 111,144 shares of the semiconductor company’s stock valued at $9,668,000 after buying an additional 5,201 shares during the period. Institutional investors and hedge funds own 99.23% of the company’s stock.

Diodes Stock Performance

Shares of DIOD opened at $67.88 on Tuesday. The firm’s 50 day moving average is $68.57 and its 200-day moving average is $71.25. The stock has a market capitalization of $3.12 billion, a P/E ratio of 13.82 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.02 and a quick ratio of 2.03. Diodes Incorporated has a 12-month low of $60.00 and a 12-month high of $97.37.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.04. The company had revenue of $322.70 million for the quarter, compared to analysts’ expectations of $324.76 million. Diodes had a net margin of 13.67% and a return on equity of 12.79%. The business’s revenue was down 35.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.73 EPS. Equities research analysts anticipate that Diodes Incorporated will post 2.55 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on DIOD shares. Wells Fargo & Company lowered their target price on shares of Diodes from $80.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 7th. Truist Financial lowered their target price on shares of Diodes from $78.00 to $67.00 and set a “hold” rating on the stock in a research note on Wednesday, February 7th. Finally, TD Cowen raised their target price on shares of Diodes from $72.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $72.40.

Insiders Place Their Bets

In related news, CFO Brett R. Whitmire sold 3,400 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $67.30, for a total transaction of $228,820.00. Following the completion of the sale, the chief financial officer now directly owns 48,265 shares in the company, valued at $3,248,234.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CFO Brett R. Whitmire sold 3,400 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $67.30, for a total transaction of $228,820.00. Following the completion of the sale, the chief financial officer now directly owns 48,265 shares in the company, valued at $3,248,234.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Keh Shew Lu sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $68.06, for a total transaction of $102,090.00. Following the sale, the chief executive officer now owns 281,992 shares of the company’s stock, valued at $19,192,375.52. The disclosure for this sale can be found here. Insiders sold a total of 25,900 shares of company stock worth $1,774,570 over the last ninety days. 2.60% of the stock is currently owned by company insiders.

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.