Diodes Incorporated (NASDAQ:DIOD) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Diodes Incorporated (NASDAQ:DIOD) by 11.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 9,944 shares of the semiconductor company’s stock after purchasing an additional 1,040 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Diodes were worth $801,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of DIOD. Raymond James Financial Services Advisors Inc. grew its holdings in Diodes by 5.4% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 2,892 shares of the semiconductor company’s stock worth $228,000 after acquiring an additional 148 shares during the period. Mendota Financial Group LLC grew its stake in shares of Diodes by 8.5% during the 4th quarter. Mendota Financial Group LLC now owns 2,039 shares of the semiconductor company’s stock worth $164,000 after purchasing an additional 160 shares during the period. Signaturefd LLC increased its holdings in shares of Diodes by 9.0% during the 3rd quarter. Signaturefd LLC now owns 2,018 shares of the semiconductor company’s stock valued at $159,000 after purchasing an additional 167 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Diodes by 17.5% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,184 shares of the semiconductor company’s stock valued at $93,000 after purchasing an additional 176 shares during the period. Finally, Commonwealth Equity Services LLC boosted its holdings in Diodes by 3.1% during the third quarter. Commonwealth Equity Services LLC now owns 6,040 shares of the semiconductor company’s stock worth $476,000 after buying an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Diodes Stock Up 1.8 %

NASDAQ DIOD opened at $74.00 on Tuesday. The business’s fifty day simple moving average is $68.84 and its 200-day simple moving average is $70.54. The company has a quick ratio of 2.03, a current ratio of 3.02 and a debt-to-equity ratio of 0.01. The firm has a market cap of $3.42 billion, a PE ratio of 15.07 and a beta of 1.47. Diodes Incorporated has a 52 week low of $60.00 and a 52 week high of $97.37.

Diodes (NASDAQ:DIOD) last released 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. Diodes had a net margin of 13.67% and a return on equity of 12.79%. The firm had revenue of $322.70 million during the quarter, compared to analysts’ expectations 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, equities analysts anticipate that Diodes Incorporated will post 2.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DIOD. Wells Fargo & Company reduced their target price on Diodes from $80.00 to $70.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 7th. TD Cowen boosted their price objective on Diodes from $72.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Finally, Truist Financial reduced 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. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $72.40.

Insider Activity at Diodes

In other Diodes news, CFO Brett R. Whitmire sold 3,400 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was 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 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 SEC, which is available through this hyperlink. In other Diodes news, CEO Keh Shew Lu sold 6,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $68.98, for a total value of $413,880.00. Following the transaction, the chief executive officer now owns 274,492 shares of the company’s stock, valued at $18,934,458.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Brett R. Whitmire sold 3,400 shares of Diodes stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $67.30, for a total transaction of $228,820.00. Following the sale, the chief financial officer now owns 48,265 shares of the company’s stock, valued at $3,248,234.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,900 shares of company stock worth $1,774,570. Insiders own 2.30% of the company’s stock.

About Diodes

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.