Diodes Incorporated (NASDAQ:DIOD) Stock Position Decreased by Raymond James & Associates

Raymond James & Associates lessened its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 65.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 3,519 shares of the semiconductor company’s stock after selling 6,803 shares during the period. Raymond James & Associates’ holdings in Diodes were worth $283,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in DIOD. Vanguard Group Inc. raised its holdings in Diodes by 1.8% during the third quarter. Vanguard Group Inc. now owns 5,580,606 shares of the semiconductor company’s stock valued at $439,975,000 after buying an additional 100,618 shares in the last quarter. Earnest Partners LLC boosted its holdings in shares of Diodes by 2.3% during the 3rd quarter. Earnest Partners LLC now owns 2,134,515 shares of the semiconductor company’s stock worth $168,285,000 after buying an additional 47,472 shares during the period. FMR LLC raised its holdings in Diodes by 14.1% in the 3rd quarter. FMR LLC now owns 912,667 shares of the semiconductor company’s stock worth $71,955,000 after acquiring an additional 112,620 shares during the period. Channing Capital Management LLC boosted its holdings in Diodes by 18.0% during the third quarter. Channing Capital Management LLC now owns 842,511 shares of the semiconductor company’s stock valued at $66,424,000 after acquiring an additional 128,643 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of Diodes by 12.2% in the third quarter. American Century Companies Inc. now owns 616,083 shares of the semiconductor company’s stock worth $48,572,000 after purchasing an additional 66,776 shares during the period. 99.23% of the stock is owned by institutional investors.

Diodes Trading Up 1.8 %

Shares of DIOD stock opened at $74.00 on Tuesday. The firm has a fifty day moving average of $68.84 and a 200-day moving average of $70.54. The stock has a market cap of $3.42 billion, a price-to-earnings 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. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.03 and a current ratio of 3.02.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings results 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 firm had revenue of $322.70 million during the quarter, compared to analyst estimates of $324.76 million. Diodes had a net margin of 13.67% and a return on equity of 12.79%. The company’s quarterly revenue was down 35.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.73 earnings per share. On average, equities research analysts forecast that Diodes Incorporated will post 2.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Diodes news, CEO Keh Shew Lu sold 6,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $68.98, for a total value of $413,880.00. Following the sale, the chief executive officer now directly owns 274,492 shares in the company, valued at $18,934,458.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other 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 owns 48,265 shares of the company’s stock, valued at $3,248,234.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Keh Shew Lu sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $68.98, for a total value of $413,880.00. Following the completion of the transaction, the chief executive officer now directly owns 274,492 shares in the company, valued at $18,934,458.16. The disclosure for this sale can be found here. Insiders sold 25,900 shares of company stock worth $1,774,570 in the last 90 days. 2.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

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.