Raymond James & Associates Increases Stock Position in Diodes Incorporated (NASDAQ:DIOD)

Raymond James & Associates increased its position in Diodes Incorporated (NASDAQ:DIODGet Rating) by 50.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,602 shares of the semiconductor company’s stock after acquiring an additional 8,294 shares during the period. Raymond James & Associates owned about 0.05% of Diodes worth $1,597,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Great West Life Assurance Co. Can raised its stake in Diodes by 0.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 39,018 shares of the semiconductor company’s stock valued at $3,477,000 after buying an additional 148 shares during the last quarter. Homestead Advisers Corp raised its stake in Diodes by 0.3% during the 2nd quarter. Homestead Advisers Corp now owns 68,473 shares of the semiconductor company’s stock valued at $4,421,000 after buying an additional 198 shares during the last quarter. Captrust Financial Advisors raised its stake in Diodes by 12.1% during the 2nd quarter. Captrust Financial Advisors now owns 1,878 shares of the semiconductor company’s stock valued at $121,000 after buying an additional 203 shares during the last quarter. Legacy Wealth Asset Management LLC raised its stake in Diodes by 4.8% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 5,391 shares of the semiconductor company’s stock valued at $348,000 after buying an additional 246 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Diodes by 49.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 790 shares of the semiconductor company’s stock valued at $51,000 after buying an additional 260 shares during the last quarter. 96.24% of the stock is currently owned by hedge funds and other institutional investors.

Diodes Trading Down 0.8 %

Shares of Diodes stock opened at $88.05 on Wednesday. The company has a market capitalization of $4.00 billion, a P/E ratio of 13.24 and a beta of 1.41. Diodes Incorporated has a fifty-two week low of $58.52 and a fifty-two week high of $98.96. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.76 and a current ratio of 2.50. The company has a fifty day moving average of $84.08 and a 200 day moving average of $76.77.

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

Insiders Place Their Bets

In other Diodes news, CFO Brett R. Whitmire sold 3,436 shares of the business’s stock in a transaction on Wednesday, November 16th. The shares were sold at an average price of $85.86, for a total value of $295,014.96. Following the sale, the chief financial officer now owns 23,689 shares in the company, valued at approximately $2,033,937.54. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CFO Brett R. Whitmire sold 3,436 shares of the company’s stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $85.86, for a total transaction of $295,014.96. Following the sale, the chief financial officer now directly owns 23,689 shares in the company, valued at approximately $2,033,937.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Keh Shew Lu sold 1,000 shares of the company’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $81.00, for a total transaction of $81,000.00. Following the sale, the chief executive officer now owns 74,183 shares in the company, valued at $6,008,823. The disclosure for this sale can be found here. Insiders have sold a total of 58,047 shares of company stock worth $5,062,509 in the last 90 days. 2.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

DIOD has been the subject of a number of recent research reports. Robert W. Baird cut their price objective on shares of Diodes from $130.00 to $100.00 in a research report on Tuesday, November 8th. StockNews.com downgraded shares of Diodes from a “buy” rating to a “hold” rating in a research report on Thursday, January 5th. Truist Financial boosted their price objective on shares of Diodes from $97.00 to $101.00 and gave the company a “buy” rating in a research report on Monday. Wells Fargo & Company upped their target price on shares of Diodes from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 8th. Finally, Benchmark dropped their target price on shares of Diodes from $105.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, November 8th.

Diodes Profile

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Diodes, Inc manufactures and supplies semiconductor products. It 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. The firm operates through the following geographical segments: Asia, North America, and Europe.

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Institutional Ownership by Quarter for Diodes (NASDAQ:DIOD)

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