Diodes Incorporated $DIOD Stock Position Raised by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its stake in shares of Diodes Incorporated (NASDAQ:DIOD) by 8.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 235,351 shares of the semiconductor company’s stock after purchasing an additional 17,363 shares during the period. Allspring Global Investments Holdings LLC owned about 0.51% of Diodes worth $12,104,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Salomon & Ludwin LLC purchased a new stake in shares of Diodes in the 3rd quarter valued at approximately $25,000. EverSource Wealth Advisors LLC grew its stake in Diodes by 77.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 205 shares in the last quarter. Geneos Wealth Management Inc. acquired a new position in shares of Diodes in the 2nd quarter valued at about $30,000. MAI Capital Management increased its holdings in shares of Diodes by 150.0% in the 3rd quarter. MAI Capital Management now owns 685 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 411 shares during the period. Finally, Quarry LP purchased a new stake in shares of Diodes in the third quarter worth approximately $39,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Diodes Stock Performance

NASDAQ:DIOD opened at $68.58 on Monday. The company has a quick ratio of 2.08, a current ratio of 3.32 and a debt-to-equity ratio of 0.01. The company’s 50 day moving average is $65.88 and its 200-day moving average is $56.72. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 48.30 and a beta of 1.58. Diodes Incorporated has a 12 month low of $32.93 and a 12 month high of $81.71.

Diodes (NASDAQ:DIOD) last posted its earnings results on Tuesday, February 10th. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. Diodes had a net margin of 4.46% and a return on equity of 2.95%. The business had revenue of $391.58 million for the quarter, compared to analyst estimates of $380.03 million. During the same period last year, the business posted $0.27 EPS. Diodes’s revenue was up 15.4% compared to the same quarter last year. Equities analysts anticipate that Diodes Incorporated will post 1.82 EPS for the current year.

Insider Activity

In other news, SVP Emily Yang sold 950 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $60.85, for a total transaction of $57,807.50. Following the transaction, the senior vice president owned 74,032 shares in the company, valued at approximately $4,504,847.20. The trade was a 1.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Keh Shew Lu sold 111,000 shares of the stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $67.76, for a total transaction of $7,521,360.00. Following the completion of the sale, the director owned 180,131 shares of the company’s stock, valued at approximately $12,205,676.56. The trade was a 38.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 116,205 shares of company stock worth $7,837,213. Corporate insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Weiss Ratings raised shares of Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, January 21st. Wall Street Zen raised Diodes from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Zacks Research cut shares of Diodes from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 11th. Benchmark boosted their target price on shares of Diodes from $62.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Finally, Truist Financial increased their price target on shares of Diodes from $54.00 to $67.00 and gave the stock a “hold” rating in a research note on Wednesday, February 11th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $65.67.

About Diodes

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.