CIBC Asset Management Inc Purchases Shares of 4,597 Diodes Incorporated (NASDAQ:DIOD)

CIBC Asset Management Inc acquired a new position in Diodes Incorporated (NASDAQ:DIOD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,597 shares of the semiconductor company’s stock, valued at approximately $283,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Truvestments Capital LLC bought a new stake in Diodes during the third quarter worth about $29,000. KBC Group NV grew its position in Diodes by 33.9% during 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 acquired a new position in shares of Diodes in the third quarter valued at approximately $184,000. EP Wealth Advisors LLC acquired a new position in Diodes in the 3rd quarter valued at approximately $260,000. Finally, Sanctuary Advisors LLC raised its position in Diodes by 6.4% during the 4th quarter. Sanctuary Advisors LLC now owns 7,087 shares of the semiconductor company’s stock worth $414,000 after purchasing an additional 425 shares during the last quarter. 99.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Benchmark dropped their price objective on Diodes from $74.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Truist Financial reduced 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. Finally, StockNews.com upgraded shares of Diodes from a “sell” rating to a “hold” rating in a report on Monday, November 11th.

Diodes Stock Performance

NASDAQ DIOD opened at $54.26 on Tuesday. The company’s 50 day simple moving average is $59.67 and its two-hundred day simple moving average is $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 Incorporated has a 1 year low of $50.26 and a 1 year high of $86.74. The stock has a market capitalization of $2.51 billion, a PE ratio of 57.12 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 return on equity of 3.28% and a net margin of 3.36%. Analysts predict that Diodes Incorporated will post 1.82 earnings per share for the current fiscal year.

Insider Buying and Selling at Diodes

In other news, CFO Brett R. Whitmire sold 830 shares of the 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 $46,513.20. Following the completion of the sale, the chief financial officer now owns 51,525 shares of the company’s stock, valued at approximately $2,887,461. This 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 this hyperlink. Also, President Gary Yu sold 2,900 shares of Diodes stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total value of $162,516.00. Following the completion of the sale, the president now owns 79,697 shares in the company, valued at approximately $4,466,219.88. This represents a 3.51 % 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 in the last 90 days. Corporate insiders own 2.30% of the company’s stock.

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.