Principal Financial Group Inc. Purchases 6,307 Shares of Diodes Incorporated (NASDAQ:DIOD)

Principal Financial Group Inc. lifted its position in shares of Diodes Incorporated (NASDAQ:DIOD) by 2.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 224,797 shares of the semiconductor company’s stock after purchasing an additional 6,307 shares during the period. Principal Financial Group Inc. owned 0.49% of Diodes worth $13,863,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in DIOD. Victory Capital Management Inc. lifted its position in shares of Diodes by 130.9% during the third quarter. Victory Capital Management Inc. now owns 1,744,135 shares of the semiconductor company’s stock valued at $111,782,000 after purchasing an additional 988,671 shares in the last quarter. FMR LLC lifted its position in shares of Diodes by 19.6% during the third quarter. FMR LLC now owns 5,785,134 shares of the semiconductor company’s stock valued at $370,769,000 after purchasing an additional 947,118 shares in the last quarter. Cinctive Capital Management LP bought a new position in shares of Diodes during the third quarter valued at about $7,791,000. Allspring Global Investments Holdings LLC lifted its position in shares of Diodes by 50.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 257,633 shares of the semiconductor company’s stock valued at $15,795,000 after purchasing an additional 85,943 shares in the last quarter. Finally, Barclays PLC increased its holdings in Diodes by 361.1% during the third quarter. Barclays PLC now owns 79,799 shares of the semiconductor company’s stock worth $5,114,000 after buying an additional 62,492 shares during the last quarter. 99.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DIOD has been the subject of a number of research analyst reports. StockNews.com upgraded shares of Diodes from a “sell” rating to a “hold” rating in a report on Monday, November 11th. Truist Financial decreased their price objective on shares of Diodes from $63.00 to $53.00 and set a “hold” rating for the company in a report on Wednesday, February 12th. Finally, Benchmark decreased their price objective on shares of Diodes from $74.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 12th.

Insider Transactions at Diodes

In related news, CFO Brett R. Whitmire sold 830 shares of the business’s stock in a transaction that occurred on 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 owns 51,525 shares of the company’s stock, valued at approximately $2,887,461. The trade was a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Gary Yu sold 2,900 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction of $162,516.00. Following the transaction, the president now directly owns 79,697 shares of the company’s stock, valued at approximately $4,466,219.88. This represents a 3.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,680 shares of company stock worth $262,267 over the last quarter. Corporate insiders own 2.30% of the company’s stock.

Diodes Price Performance

DIOD opened at $53.79 on Thursday. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 56.62 and a beta of 1.31. The company has a quick ratio of 1.99, a current ratio of 3.26 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $59.30 and a 200-day moving average price of $61.70. Diodes Incorporated has a twelve month low of $50.26 and a twelve month high of $86.74.

Diodes (NASDAQ:DIOD) last posted its 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 return on equity of 3.28% and a net margin of 3.36%. Equities analysts expect that Diodes Incorporated will post 1.82 EPS for the current year.

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.