Federated Hermes Inc. reduced its holdings in shares of Diodes Incorporated (NASDAQ:DIOD – Get Rating) by 7.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,205 shares of the semiconductor company’s stock after selling 3,470 shares during the quarter. Federated Hermes Inc. owned 0.10% of Diodes worth $2,935,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in DIOD. Victory Capital Management Inc. boosted its stake in shares of Diodes by 308.6% during the 3rd quarter. Victory Capital Management Inc. now owns 434,549 shares of the semiconductor company’s stock valued at $28,207,000 after buying an additional 328,196 shares during the last quarter. Channing Capital Management LLC boosted its stake in shares of Diodes by 83.6% during the 3rd quarter. Channing Capital Management LLC now owns 671,654 shares of the semiconductor company’s stock valued at $43,597,000 after buying an additional 305,781 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in Diodes by 102.3% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 578,250 shares of the semiconductor company’s stock worth $50,302,000 after purchasing an additional 292,450 shares during the last quarter. Macquarie Group Ltd. lifted its stake in Diodes by 35.9% during the second quarter. Macquarie Group Ltd. now owns 988,748 shares of the semiconductor company’s stock worth $63,843,000 after purchasing an additional 260,939 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in Diodes by 51.2% during the second quarter. Sei Investments Co. now owns 589,955 shares of the semiconductor company’s stock worth $38,075,000 after purchasing an additional 199,775 shares during the last quarter. 96.24% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other news, CEO Keh Shew Lu sold 16,000 shares of the firm’s stock in a transaction on Wednesday, February 1st. The stock was sold at an average price of $92.50, for a total transaction of $1,480,000.00. Following the transaction, the chief executive officer now directly owns 138,988 shares of the company’s stock, valued at $12,856,390. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Keh Shew Lu sold 16,000 shares of the firm’s stock in a transaction on Wednesday, February 1st. The stock was sold at an average price of $92.50, for a total transaction of $1,480,000.00. Following the transaction, the chief executive officer now directly owns 138,988 shares of the company’s stock, valued at $12,856,390. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Emily Yang sold 2,913 shares of the firm’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $92.05, for a total value of $268,141.65. Following the transaction, the senior vice president now directly owns 66,071 shares of the company’s stock, valued at approximately $6,081,835.55. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 78,957 shares of company stock valued at $7,357,685. Company insiders own 2.60% of the company’s stock.
Analysts Set New Price Targets
Diodes Price Performance
Shares of NASDAQ DIOD opened at $90.60 on Friday. The firm has a market capitalization of $4.12 billion, a PE ratio of 12.55 and a beta of 1.49. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.69 and a quick ratio of 1.85. Diodes Incorporated has a 1-year low of $58.52 and a 1-year high of $97.45. The business’s fifty day moving average price is $88.90 and its two-hundred day moving average price is $80.18.
Diodes (NASDAQ:DIOD – Get Rating) last issued its quarterly earnings results on Monday, February 6th. The semiconductor company reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.09. The company had revenue of $496.20 million for the quarter, compared to analyst estimates of $492.68 million. Diodes had a return on equity of 23.28% and a net margin of 16.56%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company earned $1.60 earnings per share. On average, research analysts expect that Diodes Incorporated will post 6.41 EPS for the current year.
Diodes Company Profile
Diodes, Inc manufactures and supplies application-specific standard products within the broad discrete, logic, analog, and mixed-signal semiconductor markets. The firm offers diodes, rectifiers, transistors, MOSFETs, protection devices, functional specific arrays, single gate, dual gate and standard logic, amplifiers and comparators, Hall-effect, and temperature sensors.
Featured Stories
- Get a free copy of the StockNews.com research report on Diodes (DIOD)
- Fossil Group: Should You Bet On Consumer Discretionary In 2023?
- BJ’s Wholesale Club Stock Moves Higher After Strong Results
- Monthly Realty Income is About to Get Bigger
- 3 Large Cap Dividend Challengers for Millennial Investors
- Sea Ltd Is On The Verge Of A 100% Rally, Should You Buy?
Receive News & Ratings for Diodes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Diodes and related companies with MarketBeat.com's FREE daily email newsletter.
