Principal Financial Group Inc. Acquires 6,307 Shares of Diodes Incorporated (NASDAQ:DIOD)

Principal Financial Group Inc. lifted its holdings in Diodes Incorporated (NASDAQ:DIOD) by 2.9% in the fourth quarter, HoldingsChannel reports. The fund owned 224,797 shares of the semiconductor company’s stock after buying an additional 6,307 shares during the period. Principal Financial Group Inc.’s holdings in Diodes were worth $13,863,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Truvestments Capital LLC bought a new stake in shares of Diodes in the 3rd quarter worth approximately $29,000. KBC Group NV lifted its holdings in shares of Diodes by 33.9% in the 3rd quarter. KBC Group NV now owns 1,454 shares of the semiconductor company’s stock worth $93,000 after acquiring an additional 368 shares during the last quarter. Quest Partners LLC bought a new stake in shares of Diodes in the 3rd quarter worth approximately $184,000. EP Wealth Advisors LLC bought a new stake in shares of Diodes in the 3rd quarter worth approximately $260,000. Finally, Readystate Asset Management LP bought a new stake in shares of Diodes in the 3rd quarter worth approximately $426,000. 99.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DIOD. Truist Financial lowered their price objective on shares of Diodes from $63.00 to $53.00 and set a “hold” rating for the company in a report on Wednesday, February 12th. StockNews.com raised shares of Diodes from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Benchmark decreased their target price on shares of Diodes from $74.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th.

Diodes Stock Down 0.4 %

Shares of NASDAQ DIOD opened at $53.79 on Thursday. The company has a quick ratio of 1.99, a current ratio of 3.26 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a 52 week low of $50.26 and a 52 week high of $86.74. The firm’s fifty day moving average is $59.30 and its 200 day moving average is $61.70. The company has a market cap of $2.49 billion, a price-to-earnings ratio of 56.62 and a beta of 1.31.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Tuesday, February 11th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.27). Diodes had a net margin of 3.36% and a return on equity of 3.28%. On average, equities research analysts expect that Diodes Incorporated will post 1.82 earnings per share for the current year.

Insider Buying and Selling at Diodes

In other Diodes news, CFO Brett R. Whitmire sold 830 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction of $46,513.20. Following the transaction, the chief financial officer now directly owns 51,525 shares of the company’s stock, valued at approximately $2,887,461. The trade was a 1.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Gary Yu sold 2,900 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction of $162,516.00. Following the transaction, the president now directly owns 79,697 shares in the company, valued at approximately $4,466,219.88. The trade was a 3.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,680 shares of company stock valued at $262,267. 2.30% of the stock is currently owned by company insiders.

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.