Credit Suisse AG Buys 739 Shares of Diodes Incorporated (NASDAQ:DIOD)

Credit Suisse AG lifted its stake in shares of Diodes Incorporated (NASDAQ:DIOD – Get Rating) by 2.0% during the third quarter, HoldingsChannel reports. The firm owned 37,494 shares of the semiconductor company’s stock after acquiring an additional 739 shares during the quarter. Credit Suisse AG’s holdings in Diodes were worth $2,434,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in DIOD. JPMorgan Chase & Co. raised its stake in shares of Diodes by 23.0% during the 1st quarter. JPMorgan Chase & Co. now owns 117,862 shares of the semiconductor company’s stock worth $10,252,000 after purchasing an additional 22,056 shares in the last quarter. Raymond James & Associates raised its stake in shares of Diodes by 111.4% during the 1st quarter. Raymond James & Associates now owns 8,385 shares of the semiconductor company’s stock worth $729,000 after purchasing an additional 4,419 shares in the last quarter. Citigroup Inc. raised its stake in shares of Diodes by 11.6% during the 1st quarter. Citigroup Inc. now owns 48,254 shares of the semiconductor company’s stock worth $4,198,000 after purchasing an additional 5,012 shares in the last quarter. MetLife Investment Management LLC raised its stake in shares of Diodes by 55.6% during the 1st quarter. MetLife Investment Management LLC now owns 22,875 shares of the semiconductor company’s stock worth $1,990,000 after purchasing an additional 8,174 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in Diodes by 4.9% in the 1st quarter. Rhumbline Advisers now owns 111,144 shares of the semiconductor company’s stock valued at $9,668,000 after acquiring an additional 5,201 shares during the period. Institutional investors own 96.24% of the company’s stock.

Diodes Stock Performance

Shares of NASDAQ DIOD opened at $93.64 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.69 and a quick ratio of 1.85. The stock’s fifty day moving average price is $87.71 and its two-hundred day moving average price is $79.90. Diodes Incorporated has a one year low of $58.52 and a one year high of $97.45. The firm has a market cap of $4.26 billion, a price-to-earnings ratio of 12.97 and a beta of 1.49.

Diodes (NASDAQ:DIOD – Get Rating) last issued its quarterly earnings data on Monday, February 6th. The semiconductor company reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.09. Diodes had a return on equity of 23.28% and a net margin of 16.56%. The firm had revenue of $496.20 million for the quarter, compared to analyst estimates of $492.68 million. During the same period in the prior year, the firm posted $1.60 EPS. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities analysts forecast that Diodes Incorporated will post 6.41 EPS for the current year.

Insider Buying and Selling at Diodes

In other news, CEO Keh Shew Lu sold 16,000 shares of the 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 sale, the chief executive officer now directly owns 138,988 shares of the company’s stock, valued at approximately $12,856,390. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Keh Shew Lu sold 16,000 shares of the 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 sale, the chief executive officer now directly owns 138,988 shares of the company’s stock, valued at approximately $12,856,390. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Evan Yu sold 10,000 shares of the stock in a transaction on Thursday, February 2nd. The stock was sold at an average price of $95.50, for a total value of $955,000.00. Following the sale, the senior vice president now directly owns 45,900 shares in the company, valued at $4,383,450. The disclosure for this sale can be found here. Insiders have sold a total of 78,957 shares of company stock valued at $7,357,685 in the last ninety days. 2.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Robert W. Baird increased their price target on Diodes from $100.00 to $120.00 and gave the company an “outperform” rating in a research note on Tuesday, February 7th. Benchmark increased their price target on Diodes from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, February 9th. StockNews.com upgraded Diodes from a “hold” rating to a “buy” rating in a research note on Wednesday, February 15th. Wells Fargo & Company increased their price target on Diodes from $75.00 to $95.00 in a research note on Wednesday, February 8th. Finally, Truist Financial increased their price target on Diodes from $101.00 to $108.00 and gave the company a “buy” rating in a research note on Tuesday, February 7th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Diodes has a consensus rating of “Moderate Buy” and a consensus target price of $105.50.

Diodes Company 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.