Rhumbline Advisers Boosts Stake in Diodes Incorporated (NASDAQ:DIOD)

Rhumbline Advisers boosted its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 0.6% in the 4th quarter, Holdings Channel reports. The fund owned 138,468 shares of the semiconductor company’s stock after acquiring an additional 838 shares during the quarter. Rhumbline Advisers’ holdings in Diodes were worth $8,539,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DIOD. Allspring Global Investments Holdings LLC grew its position in shares of Diodes by 50.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 257,633 shares of the semiconductor company’s stock valued at $15,795,000 after purchasing an additional 85,943 shares in the last quarter. KBC Group NV boosted its stake in Diodes by 36.7% during the fourth quarter. KBC Group NV now owns 1,987 shares of the semiconductor company’s stock worth $123,000 after buying an additional 533 shares during the last quarter. Wedge Capital Management L L P NC grew its holdings in Diodes by 14.4% in the 4th quarter. Wedge Capital Management L L P NC now owns 66,550 shares of the semiconductor company’s stock valued at $4,104,000 after buying an additional 8,355 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Diodes in the 4th quarter worth $3,027,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Diodes by 34.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 226,742 shares of the semiconductor company’s stock worth $14,532,000 after acquiring an additional 58,597 shares during the period. Institutional investors and hedge funds own 99.23% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Truist Financial dropped 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 reduced their price target on shares of Diodes from $74.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th.

Diodes Trading Down 3.3 %

Shares of DIOD stock opened at $54.26 on Tuesday. Diodes Incorporated has a 1-year low of $50.26 and a 1-year high of $86.74. The firm has a market cap of $2.51 billion, a PE ratio of 57.12 and a beta of 1.31. The company has a 50-day moving average of $59.67 and a two-hundred day moving average of $61.83. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.26 and a quick ratio of 1.99.

Diodes (NASDAQ:DIOD) last posted 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 net margin of 3.36% and a return on equity of 3.28%. On average, analysts predict that Diodes Incorporated will post 1.82 EPS for the current year.

Insider Activity

In other Diodes news, President Gary Yu sold 2,900 shares of the stock in a transaction that occurred 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 sale, the president now directly owns 79,697 shares in the company, valued at $4,466,219.88. This represents a 3.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Brett R. Whitmire sold 830 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total transaction 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,680 shares of company stock valued at $262,267. 2.30% of the stock is currently owned by corporate 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.