Thrivent Financial for Lutherans Decreases Stake in Diodes Incorporated (NASDAQ:DIOD)

Thrivent Financial for Lutherans lessened its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,813 shares of the semiconductor company’s stock after selling 571 shares during the period. Thrivent Financial for Lutherans owned 0.08% of Diodes worth $2,209,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DIOD. FMR LLC grew its position in shares of Diodes by 19.6% in the third quarter. FMR LLC now owns 5,785,134 shares of the semiconductor company’s stock valued at $370,769,000 after purchasing an additional 947,118 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Diodes by 9.4% in the 4th quarter. Victory Capital Management Inc. now owns 1,907,509 shares of the semiconductor company’s stock valued at $117,636,000 after buying an additional 163,374 shares in the last quarter. Cinctive Capital Management LP purchased a new stake in Diodes in the 3rd quarter valued at $7,791,000. Raymond James Financial Inc. acquired a new stake in shares of Diodes in the 4th quarter worth $7,063,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Diodes by 50.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 257,633 shares of the semiconductor company’s stock worth $15,795,000 after acquiring an additional 85,943 shares during the period. Institutional investors and hedge funds own 99.23% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DIOD. Benchmark cut their price objective on shares of Diodes from $74.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Truist Financial cut their price target 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.

Diodes Stock Performance

NASDAQ DIOD opened at $43.32 on Friday. The stock has a fifty day simple moving average of $52.52 and a 200-day simple moving average of $58.80. The company has a current ratio of 3.26, a quick ratio of 1.99 and a debt-to-equity ratio of 0.01. The stock has a market cap of $2.01 billion, a PE ratio of 45.60 and a beta of 1.31. Diodes Incorporated has a twelve month low of $42.93 and a twelve month high of $86.74.

Diodes (NASDAQ:DIOD) last announced its earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.27). Diodes had a return on equity of 3.28% and a net margin of 3.36%. Equities analysts anticipate that Diodes Incorporated will post 1.82 earnings per share for the current year.

Insider Buying and Selling at Diodes

In other news, CFO Brett R. Whitmire sold 830 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total value of $46,513.20. Following the completion of the transaction, the chief financial officer now owns 51,525 shares of the company’s stock, valued at approximately $2,887,461. This trade represents a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Emily Yang sold 950 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total transaction of $53,238.00. Following the sale, the senior vice president now directly owns 65,107 shares in the company, valued at approximately $3,648,596.28. The trade was a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,680 shares of company stock valued at $262,267 over the last quarter. 2.30% of the stock is owned by company insiders.

Diodes Company 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.