Rhumbline Advisers Increases Position in Diodes Incorporated (NASDAQ:DIOD)

Rhumbline Advisers increased its position in Diodes Incorporated (NASDAQ:DIOD) by 0.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,468 shares of the semiconductor company’s stock after acquiring an additional 838 shares during the period. Rhumbline Advisers owned approximately 0.30% of Diodes worth $8,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DIOD. KBC Group NV increased its holdings in shares of Diodes by 33.9% in the third quarter. KBC Group NV now owns 1,454 shares of the semiconductor company’s stock valued at $93,000 after purchasing an additional 368 shares during the period. Truvestments Capital LLC acquired a new position in Diodes in the 3rd quarter worth approximately $29,000. The Manufacturers Life Insurance Company raised its position in Diodes by 2.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 25,799 shares of the semiconductor company’s stock worth $1,653,000 after buying an additional 649 shares during the last quarter. Creative Planning raised its position in Diodes by 30.1% during the 3rd quarter. Creative Planning now owns 9,920 shares of the semiconductor company’s stock worth $636,000 after buying an additional 2,298 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its stake in Diodes by 9.6% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 28,406 shares of the semiconductor company’s stock valued at $1,821,000 after acquiring an additional 2,485 shares during the period. Institutional investors and hedge funds own 99.23% of the company’s stock.

Insider Activity

In other news, President Gary Yu sold 2,900 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction of $162,516.00. Following the completion of the sale, the president now owns 79,697 shares of the company’s stock, valued at $4,466,219.88. The trade was a 3.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Brett R. Whitmire sold 830 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction of $46,513.20. Following the completion of the transaction, the chief financial officer now directly owns 51,525 shares in the company, valued at $2,887,461. This represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,680 shares of company stock worth $262,267 over the last three months. 2.30% of the stock is currently owned by corporate insiders.

Diodes Stock Down 3.3 %

DIOD stock opened at $54.26 on Tuesday. Diodes Incorporated has a one year low of $50.26 and a one year high of $86.74. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.99 and a current ratio of 3.26. The firm’s fifty day moving average is $59.67 and its 200 day moving average is $61.83. The firm has a market cap of $2.51 billion, a PE ratio of 57.12 and a beta of 1.31.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.27). Diodes had a net margin of 3.36% and a return on equity of 3.28%. On average, research analysts forecast that Diodes Incorporated will post 1.82 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DIOD. Truist Financial cut their price objective on shares of Diodes from $63.00 to $53.00 and set a “hold” rating on the stock in a research note on Wednesday, February 12th. StockNews.com raised Diodes from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Finally, Benchmark decreased their price objective on Diodes from $74.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 12th.

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.