Mutual of America Capital Management LLC Sells 787 Shares of Diodes Incorporated $DIOD

Mutual of America Capital Management LLC reduced its position in Diodes Incorporated (NASDAQ:DIOD) by 11.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,961 shares of the semiconductor company’s stock after selling 787 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Diodes were worth $315,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Diodes by 283.1% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 544 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 402 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Diodes by 170.1% in the 1st quarter. Signaturefd LLC now owns 597 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 376 shares in the last quarter. Fifth Third Bancorp raised its stake in Diodes by 85.8% in the second quarter. Fifth Third Bancorp now owns 628 shares of the semiconductor company’s stock worth $33,000 after buying an additional 290 shares in the last quarter. Parallel Advisors LLC raised its stake in Diodes by 52.0% in the second quarter. Parallel Advisors LLC now owns 757 shares of the semiconductor company’s stock worth $40,000 after buying an additional 259 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd bought a new position in Diodes in the first quarter worth approximately $70,000. 99.23% of the stock is currently owned by institutional investors.

Diodes Stock Performance

Shares of DIOD stock opened at $54.46 on Thursday. The business’s fifty day simple moving average is $54.17 and its 200-day simple moving average is $50.33. Diodes Incorporated has a 12-month low of $32.93 and a 12-month high of $67.40. The company has a market cap of $2.53 billion, a PE ratio of 39.75 and a beta of 1.63. The company has a current ratio of 3.33, a quick ratio of 2.04 and a debt-to-equity ratio of 0.01.

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

Insider Activity

In other news, CFO Brett R. Whitmire sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $55.90, for a total transaction of $111,800.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Emily Yang sold 1,000 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president owned 59,479 shares in the company, valued at $3,352,236.44. The trade was a 1.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

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

About Diodes

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.