Wells Fargo & Company MN Has $7.47 Million Stock Position in Diodes Incorporated (NASDAQ:DIOD)

Wells Fargo & Company MN lessened its holdings in Diodes Incorporated (NASDAQ:DIOD) by 22.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 121,057 shares of the semiconductor company’s stock after selling 35,890 shares during the period. Wells Fargo & Company MN owned about 0.26% of Diodes worth $7,466,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in DIOD. Pitcairn Co. raised its stake in shares of Diodes by 4.2% in the fourth quarter. Pitcairn Co. now owns 5,208 shares of the semiconductor company’s stock worth $321,000 after purchasing an additional 208 shares during the last quarter. Corient Private Wealth LLC grew its holdings in Diodes by 1.0% during the fourth quarter. Corient Private Wealth LLC now owns 32,505 shares of the semiconductor company’s stock worth $2,005,000 after buying an additional 328 shares in the last quarter. HighTower Advisors LLC raised its position in Diodes by 4.1% in the 4th quarter. HighTower Advisors LLC now owns 8,501 shares of the semiconductor company’s stock valued at $524,000 after buying an additional 335 shares during the last quarter. Sanctuary Advisors LLC raised its position in Diodes by 6.4% in the 4th quarter. Sanctuary Advisors LLC now owns 7,087 shares of the semiconductor company’s stock valued at $414,000 after buying an additional 425 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Diodes by 198.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company’s stock valued at $48,000 after acquiring an additional 522 shares in the last quarter. Institutional investors own 99.23% of the company’s stock.

Diodes Stock Performance

NASDAQ DIOD opened at $34.40 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.99 and a current ratio of 3.26. The company has a market capitalization of $1.60 billion, a PE ratio of 36.21 and a beta of 1.43. Diodes Incorporated has a 52-week low of $32.93 and a 52-week high of $86.74. The company has a 50-day simple moving average of $45.36 and a 200 day simple moving average of $56.02.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.27). Diodes had a return on equity of 3.28% and a net margin of 3.36%. On average, research analysts predict that Diodes Incorporated will post 1.82 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on DIOD. Benchmark lowered their target price on shares of Diodes from $74.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Baird R W raised shares of Diodes from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 7th. Robert W. Baird raised shares of Diodes from a “neutral” rating to an “outperform” rating and set a $50.00 target price on the stock in a research report on Monday, April 7th. Finally, Truist Financial reduced their target price on Diodes from $63.00 to $53.00 and set a “hold” rating for the company in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Diodes has an average rating of “Moderate Buy” and an average price target of $56.00.

Insider Transactions at Diodes

In other news, CFO Brett R. Whitmire sold 830 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total value of $46,513.20. Following the completion of the transaction, the chief financial officer now directly owns 51,525 shares of the company’s stock, valued at $2,887,461. This trade represents a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Gary Yu sold 2,900 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total value of $162,516.00. Following the sale, the president now owns 79,697 shares in the company, valued at approximately $4,466,219.88. The trade was a 3.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,680 shares of company stock worth $262,267. 2.30% of the stock is 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.