First National Advisers LLC Grows Stock Holdings in Diodes Incorporated $DIOD

First National Advisers LLC lifted its stake in Diodes Incorporated (NASDAQ:DIOD) by 34.4% during the second quarter, HoldingsChannel.com reports. The firm owned 7,348 shares of the semiconductor company’s stock after purchasing an additional 1,879 shares during the quarter. First National Advisers LLC’s holdings in Diodes were worth $389,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Diodes by 7.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,725 shares of the semiconductor company’s stock worth $549,000 after acquiring an additional 856 shares in the last quarter. LPL Financial LLC raised its position in shares of Diodes by 5.9% in the 1st quarter. LPL Financial LLC now owns 47,758 shares of the semiconductor company’s stock worth $2,062,000 after purchasing an additional 2,664 shares during the last quarter. XTX Topco Ltd bought a new position in Diodes in the 1st quarter worth about $397,000. Bayforest Capital Ltd bought a new position in Diodes in the 1st quarter worth about $260,000. Finally, New Age Alpha Advisors LLC bought a new stake in Diodes during the 1st quarter valued at about $288,000. Institutional investors own 99.23% of the company’s stock.

Diodes Price Performance

Shares of DIOD opened at $46.22 on Friday. The firm has a market cap of $2.14 billion, a PE ratio of 33.73 and a beta of 1.65. The company has a current ratio of 3.33, a quick ratio of 2.04 and a debt-to-equity ratio of 0.01. The firm has a fifty day simple moving average of $51.02 and a two-hundred day simple moving average of $51.61. Diodes Incorporated has a 1-year low of $32.93 and a 1-year high of $67.12.

Diodes (NASDAQ:DIOD) last released its quarterly earnings results on Tuesday, March 8th. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter. The firm had revenue of $350.37 million for the quarter. Diodes had a return on equity of 2.98% and a net margin of 4.59%. On average, equities analysts anticipate that Diodes Incorporated will post 1.82 EPS for the current year.

Wall Street Analysts Forecast Growth

DIOD has been the topic of a number of recent analyst reports. Zacks Research cut shares of Diodes from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Diodes in a research report on Tuesday. Wall Street Zen lowered Diodes from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Truist Financial decreased their price target on Diodes from $54.00 to $51.00 and set a “hold” rating for the company in a research note on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Diodes currently has a consensus rating of “Hold” and an average target price of $54.33.

Insider Activity

In other news, Director Keh Shew Lu sold 6,000 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $47.42, for a total transaction of $284,520.00. Following the completion of the sale, the director owned 244,397 shares of the company’s stock, valued at $11,589,305.74. This represents a 2.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.90% of the stock is currently owned by corporate insiders.

About Diodes

Diodes Incorporated, together with its subsidiaries, manufactures and supplies application-specific standard products in the broad discrete, logic, analog, and mixed-signal semiconductor markets worldwide. The company offers discrete semiconductor products, such as MOSFETs, SiC MOSFETs; data line protection, power line protection, thyristers, USB Type-C protection, and transient voltage suppressors; Schottky, small signal switching, Zener, and SiC diodes; bridges, super barrier, Schottky, Schottky bridge, and fast/ultra-fast rectifiers; and bipolar, avalanche, gate driver, and pre-bias transistors.