Strs Ohio Boosts Stock Position in Diodes Incorporated $DIOD

by · The Markets Daily

Strs Ohio boosted its holdings in shares of Diodes Incorporated (NASDAQ:DIOD – Free Report) by 72.5% during the first quarter, Holdings Channel.com reports. The firm owned 15,700 shares of the semiconductor company’s stock after acquiring an additional 6,600 shares during the period. Strs Ohio’s holdings in Diodes were worth $1,072,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. raised its position in shares of Diodes by 49.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 464,429 shares of the semiconductor company’s stock valued at $24,712,000 after buying an additional 153,905 shares in the last quarter. Evergreen Capital Management LLC purchased a new position in Diodes in the fourth quarter worth about $476,000. Bessemer Group Inc. increased its stake in Diodes by 14.5% during the fourth quarter. Bessemer Group Inc. now owns 419,648 shares of the semiconductor company’s stock worth $20,707,000 after acquiring an additional 53,039 shares during the last quarter. Vanguard Group Inc. raised its position in Diodes by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 6,154,859 shares of the semiconductor company’s stock valued at $303,681,000 after purchasing an additional 166,603 shares during the period. Finally, Tributary Capital Management LLC raised its position in Diodes by 7.1% during the fourth quarter. Tributary Capital Management LLC now owns 346,023 shares of the semiconductor company’s stock valued at $17,073,000 after purchasing an additional 22,903 shares during the period. Institutional investors own 99.23% of the company’s stock.

Diodes Stock Performance

Shares of Diodes stock opened at $91.57 on Wednesday. The company has a quick ratio of 1.97, a current ratio of 3.17 and a debt-to-equity ratio of 0.01. The stock’s fifty day moving average is $106.04 and its two-hundred day moving average is $80.12. Diodes Incorporated has a 52 week low of $42.28 and a 52 week high of $125.99. The company has a market capitalization of $4.21 billion, a PE ratio of 49.77 and a beta of 1.88.

Diodes (NASDAQ:DIOD – Get Free Report) last released its earnings results on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.08. The business had revenue of $405.47 million during the quarter, compared to the consensus estimate of $396.33 million. Diodes had a return on equity of 3.48% and a net margin of 5.50%.The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period last year, the company earned $0.19 earnings per share. As a group, analysts expect that Diodes Incorporated will post 2.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Truist Financial lifted their target price on Diodes from $98.00 to $139.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Robert W. Baird set a $120.00 price target on Diodes in a report on Friday, May 8th. Finally, Zacks Research lowered shares of Diodes from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $113.00.

Check Out Our Latest Stock Analysis on Diodes

Insider Activity at Diodes

In other news, SVP Andy Tsong sold 1,582 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $106.95, for a total transaction of $169,194.90. Following the transaction, the senior vice president directly owned 48,170 shares of the company’s stock, valued at approximately $5,151,781.50. This trade represents a 3.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Francis Tang sold 15,330 shares of Diodes stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $112.04, for a total transaction of $1,717,573.20. Following the sale, the chief technology officer directly owned 71,438 shares of the company’s stock, valued at $8,003,913.52. This represents a 17.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 70,981 shares of company stock worth $7,616,906 over the last ninety days. 1.70% of the stock is currently owned by company insiders.

Diodes Profile

(Free Report)

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.

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