Vanguard Personalized Indexing Management LLC Raises Stock Position in Diodes Incorporated $DIOD

Vanguard Personalized Indexing Management LLC boosted its position in shares of Diodes Incorporated (NASDAQ:DIOD) by 51.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,304 shares of the semiconductor company’s stock after purchasing an additional 2,806 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Diodes were worth $439,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB increased its position in shares of Diodes by 283.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 544 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 402 shares during the last quarter. Signaturefd LLC increased its position in shares of Diodes by 170.1% during the first quarter. Signaturefd LLC now owns 597 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 376 shares during the last quarter. Fifth Third Bancorp increased its position in shares of Diodes by 85.8% during the second quarter. Fifth Third Bancorp now owns 628 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 290 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Diodes by 52.0% during the second quarter. Parallel Advisors LLC now owns 757 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 259 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Diodes during the first quarter valued at about $70,000. 99.23% of the stock is owned by hedge funds and other institutional investors.

Diodes Stock Down 3.6%

Shares of Diodes stock opened at $56.25 on Thursday. Diodes Incorporated has a 52-week low of $32.93 and a 52-week high of $67.40. The company has a 50 day moving average of $53.84 and a 200 day moving average of $49.46. The company has a quick ratio of 2.04, a current ratio of 3.33 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $2.61 billion, a P/E ratio of 41.06 and a beta of 1.63.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings results on Tuesday, March 8th. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter. The company had revenue of $350.37 million during the quarter. Diodes had a net margin of 4.59% and a return on equity of 2.98%. As a group, research analysts forecast that Diodes Incorporated will post 1.82 EPS for the current fiscal year.

Insider Buying and Selling at Diodes

In related news, CFO Brett R. Whitmire sold 2,000 shares of the company’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $55.90, for a total value of $111,800.00. Following the completion of the sale, the chief financial officer owned 48,777 shares in the company, valued at $2,726,634.30. This represents a 3.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Emily Yang sold 1,000 shares of the company’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $56.36, for a total transaction of $56,360.00. Following the completion of the sale, the senior vice president owned 59,479 shares of the company’s stock, valued at approximately $3,352,236.44. This trade represents a 1.65% decrease in their position. The disclosure for this sale can be found here. 1.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on DIOD shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Diodes in a research report on Wednesday, October 8th. Zacks Research upgraded shares of Diodes from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Finally, Wall Street Zen upgraded shares of Diodes from a “hold” rating to a “buy” rating in a research report on Sunday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $55.00.

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.