Diodes Incorporated $DIOD Shares Bought by Allianz Asset Management GmbH

Allianz Asset Management GmbH lifted its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 27.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 145,889 shares of the semiconductor company’s stock after acquiring an additional 31,013 shares during the period. Allianz Asset Management GmbH owned 0.31% of Diodes worth $7,763,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. purchased a new position in shares of Diodes during the 3rd quarter worth $7,393,000. Rhumbline Advisers increased its stake in Diodes by 7.9% in the second quarter. Rhumbline Advisers now owns 146,315 shares of the semiconductor company’s stock valued at $7,739,000 after purchasing an additional 10,744 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in Diodes by 51.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 8,304 shares of the semiconductor company’s stock worth $439,000 after buying an additional 2,806 shares during the period. Federated Hermes Inc. boosted its stake in Diodes by 7,735.4% in the 3rd quarter. Federated Hermes Inc. now owns 25,465 shares of the semiconductor company’s stock worth $1,355,000 after buying an additional 25,140 shares during the last quarter. Finally, US Bancorp DE grew its holdings in Diodes by 6.4% in the 2nd quarter. US Bancorp DE now owns 26,331 shares of the semiconductor company’s stock valued at $1,393,000 after buying an additional 1,590 shares during the period. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on DIOD. Truist Financial lifted their price target on shares of Diodes from $51.00 to $54.00 and gave the company a “hold” rating in a report on Friday, December 19th. Wall Street Zen lowered Diodes from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings upgraded Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, January 21st. Finally, Zacks Research upgraded Diodes from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $55.33.

Insider Activity at Diodes

In related news, Director Keh Shew Lu sold 6,000 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $47.42, for a total transaction of $284,520.00. Following the completion of the sale, the director owned 244,397 shares of the company’s stock, valued at $11,589,305.74. This represents a 2.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brett R. Whitmire sold 830 shares of the stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $60.85, for a total transaction of $50,505.50. Following the sale, the chief financial officer owned 67,141 shares in the company, valued at approximately $4,085,529.85. This trade represents a 1.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 11,205 shares of company stock valued at $600,373 in the last ninety days. 2.30% of the stock is owned by insiders.

Diodes Trading Up 0.4%

Shares of NASDAQ DIOD opened at $61.11 on Tuesday. The company has a quick ratio of 2.09, a current ratio of 3.32 and a debt-to-equity ratio of 0.01. The stock’s 50 day moving average price is $54.13 and its two-hundred day moving average price is $52.60. Diodes Incorporated has a 52-week low of $32.93 and a 52-week high of $61.85. The stock has a market capitalization of $2.83 billion, a P/E ratio of 44.28 and a beta of 1.66.

Diodes Company Profile

Diodes Incorporated (NASDAQ: DIOD) is a global manufacturer and supplier of high‐performance discrete, logic, analog and mixed‐signal semiconductor products. Headquartered in Plano, Texas, the company designs and develops a broad range of discrete components, standard logic functions, power management circuits, interface products and array products. Its portfolio includes rectifiers, MOSFETs, general‐purpose diodes, voltage regulators, comparators, buffers and other building blocks for electronic systems.

Diodes Incorporated serves a variety of end markets such as automotive, computing, communications, consumer electronics, industrial and lighting.