Diodes Incorporated (NASDAQ:DIOD) Shares Purchased by Truist Financial Corp

Truist Financial Corp boosted its position in Diodes Incorporated (NASDAQ:DIODGet Rating) by 1.7% in the third quarter, Holdings Channel.com reports. The firm owned 9,307 shares of the semiconductor company’s stock after acquiring an additional 155 shares during the quarter. Truist Financial Corp’s holdings in Diodes were worth $604,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Connable Office Inc. acquired a new stake in shares of Diodes during the 3rd quarter valued at approximately $324,000. Wipfli Financial Advisors LLC acquired a new stake in shares of Diodes during the 3rd quarter valued at approximately $70,000. Fifth Third Bancorp lifted its position in shares of Diodes by 131.6% during the 3rd quarter. Fifth Third Bancorp now owns 24,845 shares of the semiconductor company’s stock valued at $1,613,000 after acquiring an additional 14,116 shares during the period. Ziegler Capital Management LLC acquired a new stake in shares of Diodes during the 3rd quarter valued at approximately $1,232,000. Finally, Raymond James & Associates lifted its position in shares of Diodes by 50.9% during the 3rd quarter. Raymond James & Associates now owns 24,602 shares of the semiconductor company’s stock valued at $1,597,000 after acquiring an additional 8,294 shares during the period. Institutional investors and hedge funds own 96.24% of the company’s stock.

Diodes Trading Up 2.1 %

Shares of Diodes stock opened at $86.67 on Monday. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.50 and a quick ratio of 1.76. Diodes Incorporated has a 1 year low of $58.52 and a 1 year high of $98.96. The company has a market capitalization of $3.94 billion, a P/E ratio of 13.03 and a beta of 1.41. The business has a 50 day moving average price of $83.95 and a 200 day moving average price of $76.43.

Diodes (NASDAQ:DIODGet Rating) last issued its quarterly earnings data on Monday, November 7th. The semiconductor company reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.14. Diodes had a return on equity of 24.01% and a net margin of 15.36%. The firm had revenue of $521.27 million during the quarter, compared to the consensus estimate of $521.10 million. Sell-side analysts anticipate that Diodes Incorporated will post 7.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Diodes from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 8th. Benchmark reduced their price target on shares of Diodes from $105.00 to $90.00 and set a “buy” rating for the company in a research report on Tuesday, November 8th. StockNews.com downgraded Diodes from a “buy” rating to a “hold” rating in a research report on Thursday, January 5th. Finally, Robert W. Baird cut their price objective on Diodes from $130.00 to $100.00 in a research report on Tuesday, November 8th.

Insiders Place Their Bets

In other Diodes news, CEO Keh Shew Lu sold 8,000 shares of Diodes stock in a transaction that occurred on Wednesday, November 30th. The shares were sold at an average price of $91.38, for a total value of $731,040.00. Following the completion of the sale, the chief executive officer now directly owns 154,988 shares of the company’s stock, valued at approximately $14,162,803.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Diodes news, CEO Keh Shew Lu sold 8,000 shares of Diodes stock in a transaction that occurred on Wednesday, November 30th. The shares were sold at an average price of $91.38, for a total value of $731,040.00. Following the completion of the sale, the chief executive officer now directly owns 154,988 shares of the company’s stock, valued at approximately $14,162,803.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brett R. Whitmire sold 3,436 shares of Diodes stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $85.86, for a total transaction of $295,014.96. Following the completion of the sale, the chief financial officer now directly owns 23,689 shares of the company’s stock, valued at $2,033,937.54. The disclosure for this sale can be found here. In the last three months, insiders sold 58,047 shares of company stock valued at $5,062,509. Company insiders own 2.60% of the company’s stock.

About Diodes

(Get Rating)

Diodes Incorporated designs, manufactures, and supplies application-specific standard products in the discrete, logic, analog, and mixed-signal semiconductor markets worldwide. It focuses on low pin count semiconductor devices with one or more active or passive components. The company offers discrete semiconductor products, such as MOSFET, TVS, and performance Schottky rectifiers; GPP bridges and retifiers, and performance Schottky diodes; Zener and performance Zener diodes, including tight tolerance and low operating current type; standard, fast, super-fast, and ultra-fast recovery rectifiers; bridge rectifiers; switching diodes; small signal bipolar and prebiased transistors; thyristor surge protection devices; and transient voltage suppressors.

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Institutional Ownership by Quarter for Diodes (NASDAQ:DIOD)

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