Rhumbline Advisers Buys 10,744 Shares of Diodes Incorporated $DIOD

Rhumbline Advisers increased its position in Diodes Incorporated (NASDAQ:DIOD) by 7.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,315 shares of the semiconductor company’s stock after acquiring an additional 10,744 shares during the quarter. Rhumbline Advisers’ holdings in Diodes were worth $7,739,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of 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 purchasing an additional 856 shares in the last quarter. LPL Financial LLC boosted its holdings in 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 buying an additional 2,664 shares during the period. XTX Topco Ltd purchased a new stake in Diodes in the 1st quarter worth $397,000. New Age Alpha Advisors LLC bought a new stake in Diodes during the first quarter valued at about $288,000. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Diodes by 5.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 723,733 shares of the semiconductor company’s stock valued at $31,244,000 after acquiring an additional 36,488 shares in the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Diodes in a research report on Monday. Wall Street Zen lowered shares of Diodes from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. Zacks Research downgraded shares of Diodes from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. Finally, Truist Financial cut their target price on shares of 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 given a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $54.33.

Insider Activity at Diodes

In related news, Director Keh Shew Lu sold 6,000 shares of Diodes stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $47.42, for a total value of $284,520.00. Following the completion of the transaction, the director owned 244,397 shares in the company, valued at approximately $11,589,305.74. This trade represents a 2.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.30% of the company’s stock.

Diodes Stock Up 1.4%

NASDAQ DIOD opened at $46.82 on Wednesday. The stock has a 50 day moving average price of $50.68 and a 200-day moving average price of $51.60. Diodes Incorporated has a one year low of $32.93 and a one year high of $67.12. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.09 and a current ratio of 3.32. The company has a market capitalization of $2.17 billion, a P/E ratio of 33.93 and a beta of 1.65.

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. Diodes had a net margin of 4.49% and a return on equity of 2.81%. The company had revenue of $350.37 million for the quarter. As a group, equities analysts predict that Diodes Incorporated will post 1.82 EPS for the current fiscal year.

Diodes Profile

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.