Louisiana State Employees Retirement System Takes Position in Diodes Incorporated (NASDAQ:DIOD)

Louisiana State Employees Retirement System acquired a new position in shares of Diodes Incorporated (NASDAQ:DIOD) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 23,000 shares of the semiconductor company’s stock, valued at approximately $1,852,000.

Other large investors have also added to or reduced their stakes in the company. Tributary Capital Management LLC increased its holdings in Diodes by 15.9% during the fourth quarter. Tributary Capital Management LLC now owns 225,029 shares of the semiconductor company’s stock worth $18,119,000 after buying an additional 30,840 shares during the last quarter. Sei Investments Co. increased its holdings in 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 last quarter. Federated Hermes Inc. increased its holdings in Diodes by 30.4% during the third quarter. Federated Hermes Inc. now owns 24,807 shares of the semiconductor company’s stock worth $1,956,000 after buying an additional 5,786 shares during the last quarter. Great Lakes Advisors LLC increased its holdings in Diodes by 22.5% during the third quarter. Great Lakes Advisors LLC now owns 142,105 shares of the semiconductor company’s stock worth $11,204,000 after buying an additional 26,142 shares during the last quarter. Finally, FMR LLC increased its holdings in Diodes by 14.1% during the third quarter. FMR LLC now owns 912,667 shares of the semiconductor company’s stock worth $71,955,000 after buying an additional 112,620 shares during the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DIOD. TD Cowen increased their target price on shares of Diodes from $72.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Truist Financial cut their target price on shares of Diodes from $78.00 to $67.00 and set a “hold” rating for the company in a research report on Wednesday, February 7th. Finally, Wells Fargo & Company cut their target price on shares of Diodes from $80.00 to $70.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 7th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $72.40.

Insider Buying and Selling at Diodes

In other Diodes news, CEO Keh Shew Lu sold 1,500 shares of Diodes stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $68.06, for a total transaction of $102,090.00. Following the completion of the sale, the chief executive officer now directly owns 281,992 shares in the company, valued at $19,192,375.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Diodes news, CFO Brett R. Whitmire sold 3,400 shares of Diodes 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 transaction, the chief financial officer now directly owns 48,265 shares of the company’s stock, valued at $3,248,234.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Keh Shew Lu sold 1,500 shares of Diodes 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 transaction, the chief executive officer now directly owns 281,992 shares in the company, 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 three months. 2.20% of the stock is owned by insiders.

Diodes Price Performance

DIOD stock opened at $67.74 on Friday. The firm has a 50 day moving average of $68.56 and a 200-day moving average of $71.12. The company has a current ratio of 3.02, a quick ratio of 2.03 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a 12 month low of $60.00 and a 12 month high of $97.37. The firm has a market capitalization of $3.11 billion, a P/E ratio of 13.80 and a beta of 1.46.

Diodes (NASDAQ:DIOD) last released its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. Diodes had a net margin of 13.67% and a return on equity of 12.79%. The company had revenue of $322.70 million during the quarter, compared to analyst estimates of $324.76 million. During the same period last year, the business earned $1.73 earnings per share. Diodes’s revenue was down 35.0% compared to the same quarter last year. As a group, sell-side analysts predict that Diodes Incorporated will post 2.55 earnings per share for the current fiscal year.

Diodes 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.