Diodes Incorporated (NASDAQ:DIOD) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its position in Diodes Incorporated (NASDAQ:DIOD) by 22.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 171,690 shares of the semiconductor company’s stock after selling 50,886 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.37% of Diodes worth $11,004,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC grew its holdings in Diodes by 66.5% during the second quarter. GAMMA Investing LLC now owns 453 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 181 shares during the period. EntryPoint Capital LLC purchased a new stake in shares of Diodes during the 1st quarter worth $40,000. Innealta Capital LLC acquired a new position in shares of Diodes during the 2nd quarter worth $88,000. EMC Capital Management increased its holdings in shares of Diodes by 25.8% in the 1st quarter. EMC Capital Management now owns 1,632 shares of the semiconductor company’s stock valued at $115,000 after purchasing an additional 335 shares in the last quarter. Finally, Hantz Financial Services Inc. acquired a new stake in shares of Diodes in the second quarter valued at about $147,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Diodes Stock Performance

NASDAQ:DIOD opened at $64.66 on Friday. The company has a current ratio of 3.38, a quick ratio of 2.10 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $2.98 billion, a P/E ratio of 17.62 and a beta of 1.32. The firm has a 50-day moving average price of $63.90 and a two-hundred day moving average price of $69.70. Diodes Incorporated has a twelve month low of $58.50 and a twelve month high of $86.74.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Thursday, August 8th. The semiconductor company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. Diodes had a net margin of 7.12% and a return on equity of 5.76%. The business had revenue of $319.80 million during the quarter, compared to analysts’ expectations of $316.12 million. During the same period last year, the company posted $1.59 EPS. The company’s revenue was down 31.5% on a year-over-year basis. As a group, research analysts expect that Diodes Incorporated will post 1.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DIOD. Truist Financial lowered their target price on shares of Diodes from $74.00 to $69.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. StockNews.com cut Diodes from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Diodes currently has an average rating of “Hold” and an average price target of $73.20.

Insider Transactions at Diodes

In other Diodes news, SVP Emily Yang sold 1,000 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $70.48, for a total value of $70,480.00. Following the transaction, the senior vice president now directly owns 59,820 shares in the company, valued at approximately $4,216,113.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Keh Shew Lu sold 20,010 shares of Diodes stock in a transaction on Monday, August 19th. The stock was sold at an average price of $67.25, for a total value of $1,345,672.50. Following the completion of the sale, the chief executive officer now owns 246,492 shares of the company’s stock, valued at $16,576,587. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Emily Yang sold 1,000 shares of the stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $70.48, for a total value of $70,480.00. Following the transaction, the senior vice president now owns 59,820 shares in the company, valued at $4,216,113.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,182 shares of company stock valued at $1,640,921 over the last three months. 2.30% of the stock is currently owned by insiders.

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.