US Bancorp DE Buys 1,614 Shares of Diodes Incorporated (NASDAQ:DIOD)

US Bancorp DE raised its stake in shares of Diodes Incorporated (NASDAQ:DIOD) by 6.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 25,002 shares of the semiconductor company’s stock after purchasing an additional 1,614 shares during the period. US Bancorp DE owned 0.05% of Diodes worth $1,542,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Fisher Asset Management LLC lifted its position in shares of Diodes by 9.4% in the fourth quarter. Fisher Asset Management LLC now owns 186,489 shares of the semiconductor company’s stock valued at $11,501,000 after acquiring an additional 16,003 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Diodes in the fourth quarter valued at about $970,000. CIBC Asset Management Inc purchased a new position in shares of Diodes in the fourth quarter valued at about $283,000. Sanctuary Advisors LLC lifted its position in shares of Diodes by 6.4% in the fourth quarter. Sanctuary Advisors LLC now owns 7,087 shares of the semiconductor company’s stock valued at $414,000 after acquiring an additional 425 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Diodes by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 224,797 shares of the semiconductor company’s stock valued at $13,863,000 after acquiring an additional 6,307 shares in the last quarter. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. StockNews.com upgraded Diodes from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Truist Financial decreased their target price on Diodes from $63.00 to $53.00 and set a “hold” rating on the stock in a research report on Wednesday, February 12th. Finally, Benchmark decreased their target price on Diodes from $74.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th.

Insiders Place Their Bets

In other Diodes news, CFO Brett R. Whitmire sold 830 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total transaction of $46,513.20. Following the sale, the chief financial officer now directly owns 51,525 shares of the company’s stock, valued at $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 SEC, which is available through this link. Also, President Gary Yu sold 2,900 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total value of $162,516.00. Following the sale, the president now directly owns 79,697 shares in the company, valued at $4,466,219.88. The trade was a 3.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,680 shares of company stock valued at $262,267 over the last ninety days. 2.30% of the stock is owned by insiders.

Diodes Price Performance

NASDAQ:DIOD opened at $49.10 on Friday. The company has a current ratio of 3.26, a quick ratio of 1.99 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $2.27 billion, a P/E ratio of 51.68 and a beta of 1.31. Diodes Incorporated has a 12 month low of $46.56 and a 12 month high of $86.74. The business’s 50-day moving average is $57.33 and its 200 day moving average is $60.88.

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