Janney Montgomery Scott LLC Has $8.30 Million Position in Diodes Incorporated (NASDAQ:DIOD)

Janney Montgomery Scott LLC decreased its position in Diodes Incorporated (NASDAQ:DIODFree Report) by 0.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 105,265 shares of the semiconductor company’s stock after selling 349 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.23% of Diodes worth $8,299,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. NBC Securities Inc. bought a new position in Diodes during the third quarter worth $59,000. Northwestern Mutual Wealth Management Co. increased its position in Diodes by 11.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,178 shares of the semiconductor company’s stock worth $90,000 after acquiring an additional 123 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its position in Diodes by 17.5% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,184 shares of the semiconductor company’s stock worth $93,000 after acquiring an additional 176 shares during the period. Quantbot Technologies LP bought a new position in Diodes during the second quarter worth $76,000. Finally, Covestor Ltd increased its position in Diodes by 98.2% during the first quarter. Covestor Ltd now owns 1,292 shares of the semiconductor company’s stock worth $112,000 after acquiring an additional 640 shares during the period. Institutional investors own 94.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on DIOD shares. TheStreet lowered shares of Diodes from a “b-” rating to a “c+” rating in a report on Friday, December 1st. StockNews.com downgraded shares of Diodes from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. Wells Fargo & Company reduced their target price on shares of Diodes from $80.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Truist Financial reduced their target price on shares of Diodes from $78.00 to $67.00 and set a “hold” rating on the stock in a research note on Wednesday. Finally, Benchmark reduced their target price on shares of Diodes from $95.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, November 9th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $72.40.

Get Our Latest Report on Diodes

Diodes Stock Up 1.8 %

Shares of NASDAQ DIOD opened at $69.99 on Friday. The firm’s 50-day simple moving average is $73.29 and its 200 day simple moving average is $75.49. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 14.25 and a beta of 1.49. The company has a quick ratio of 2.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a 12-month low of $60.00 and a 12-month high of $97.45.

Diodes (NASDAQ:DIODGet Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.04. The firm had revenue of $322.70 million during the quarter, compared to analysts’ expectations of $324.76 million. Diodes had a return on equity of 12.79% and a net margin of 13.67%. The company’s quarterly revenue was down 35.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.73 EPS. On average, research analysts expect that Diodes Incorporated will post 3.26 earnings per share for the current fiscal year.

Diodes Company Profile

(Free Report)

Diodes Incorporated engages in the manufacture and supply of application-specific standard products in the broad discrete, logic, analog, and mixed-signal semiconductor markets worldwide. The company offers discrete semiconductor products, such as MOSFET, TVS, and performance Schottky rectifiers; GPP bridges and rectifiers, and performance Schottky diodes; 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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