Zurcher Kantonalbank Zurich Cantonalbank Has $745,000 Holdings in Diodes Incorporated (NASDAQ:DIOD)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Diodes Incorporated (NASDAQ:DIOD) by 18.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,356 shares of the semiconductor company’s stock after buying an additional 1,614 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Diodes were worth $745,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Diodes by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 5,782,828 shares of the semiconductor company’s stock worth $407,689,000 after purchasing an additional 132,101 shares during the period. Earnest Partners LLC raised its position in Diodes by 12.5% during the first quarter. Earnest Partners LLC now owns 2,534,798 shares of the semiconductor company’s stock valued at $178,703,000 after buying an additional 282,089 shares during the period. Dimensional Fund Advisors LP lifted its stake in Diodes by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,709,298 shares of the semiconductor company’s stock worth $137,635,000 after acquiring an additional 43,941 shares in the last quarter. Sei Investments Co. boosted its position in Diodes by 2.3% during the 1st quarter. Sei Investments Co. now owns 741,256 shares of the semiconductor company’s stock worth $52,258,000 after acquiring an additional 16,859 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Diodes by 27.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 604,153 shares of the semiconductor company’s stock valued at $43,457,000 after acquiring an additional 129,195 shares in the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Diodes

In other Diodes news, CEO Keh Shew Lu sold 20,010 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $67.25, for a total transaction of $1,345,672.50. Following the completion of the sale, the chief executive officer now owns 246,492 shares of the company’s stock, valued at $16,576,587. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Brett R. Whitmire sold 1,900 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $69.99, for a total value of $132,981.00. Following the completion of the sale, the chief financial officer now directly owns 46,365 shares of the company’s stock, valued at $3,245,086.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Keh Shew Lu sold 20,010 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $67.25, for a total transaction of $1,345,672.50. Following the completion of the sale, the chief executive officer now directly owns 246,492 shares of the company’s stock, valued at $16,576,587. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 24,182 shares of company stock valued at $1,640,921. Corporate insiders own 2.30% of the company’s stock.

Diodes Stock Performance

Shares of DIOD opened at $62.63 on Thursday. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 17.07 and a beta of 1.35. The company’s fifty day moving average is $72.37 and its 200-day moving average is $71.25. The company has a quick ratio of 2.10, a current ratio of 3.38 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a 12 month low of $58.96 and a 12 month high of $86.74.

Diodes (NASDAQ:DIOD) last posted its earnings results on Thursday, August 8th. The semiconductor company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. Diodes had a net margin of 7.12% and a return on equity of 5.76%. The firm had revenue of $319.80 million for the quarter, compared to the consensus estimate of $316.12 million. During the same period in the prior year, the business posted $1.59 earnings per share. The business’s quarterly revenue was down 31.5% on a year-over-year basis. Equities analysts expect that Diodes Incorporated will post 1.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DIOD has been the subject of a number of research analyst reports. Truist Financial reduced their price target on shares of Diodes from $74.00 to $69.00 and set a “hold” rating for the company in a research report on Friday, August 9th. Robert W. Baird boosted their price target on shares of Diodes from $56.00 to $72.00 and gave the company a “neutral” rating in a report on Friday, May 10th. Finally, StockNews.com lowered Diodes from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $73.20.

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.