Diodes Incorporated (NASDAQ:DIOD) Shares Sold by Invesco Ltd.

Invesco Ltd. cut its position in Diodes Incorporated (NASDAQ:DIOD) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 169,104 shares of the semiconductor company’s stock after selling 2,507 shares during the quarter. Invesco Ltd. owned approximately 0.36% of Diodes worth $10,429,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in DIOD. Pitcairn Co. boosted its holdings in shares of Diodes by 4.2% in the fourth quarter. Pitcairn Co. now owns 5,208 shares of the semiconductor company’s stock valued at $321,000 after acquiring an additional 208 shares during the period. Corient Private Wealth LLC raised its position in Diodes by 1.0% in the 4th quarter. Corient Private Wealth LLC now owns 32,505 shares of the semiconductor company’s stock valued at $2,005,000 after purchasing an additional 328 shares during the last quarter. HighTower Advisors LLC boosted its stake in Diodes by 4.1% during the 4th quarter. HighTower Advisors LLC now owns 8,501 shares of the semiconductor company’s stock worth $524,000 after purchasing an additional 335 shares during the period. Sanctuary Advisors LLC grew its position in Diodes by 6.4% during the 4th quarter. Sanctuary Advisors LLC now owns 7,087 shares of the semiconductor company’s stock worth $414,000 after purchasing an additional 425 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in Diodes by 8.5% in the fourth quarter. Bank of Montreal Can now owns 6,100 shares of the semiconductor company’s stock valued at $376,000 after purchasing an additional 476 shares during the period. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Diodes Stock Up 1.8 %

DIOD opened at $35.67 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.26 and a quick ratio of 1.99. Diodes Incorporated has a 12 month low of $32.93 and a 12 month high of $86.74. The stock has a market capitalization of $1.66 billion, a P/E ratio of 37.55 and a beta of 1.43. The business has a 50 day simple moving average of $44.67 and a 200-day simple moving average of $55.57.

Diodes (NASDAQ:DIOD) last released its 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 net margin of 3.36% and a return on equity of 3.28%. On average, equities analysts anticipate that Diodes Incorporated will post 1.82 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, President Gary Yu sold 2,900 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 $162,516.00. Following the completion of the transaction, the president now owns 79,697 shares in the company, valued at $4,466,219.88. This trade represents a 3.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Brett R. Whitmire sold 830 shares of Diodes 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 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,680 shares of company stock valued at $262,267. Corporate insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

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

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.