US Bancorp DE Has $4.88 Million Stock Holdings in Diodes Incorporated (NASDAQ:DIOD)

US Bancorp DE decreased its position in shares of Diodes Incorporated (NASDAQ:DIODFree Report) by 8.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 52,748 shares of the semiconductor company’s stock after selling 4,656 shares during the quarter. US Bancorp DE owned approximately 0.12% of Diodes worth $4,879,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. acquired a new position in shares of Diodes in the 1st quarter valued at $75,000. Quantbot Technologies LP acquired a new position in shares of Diodes in the 2nd quarter valued at $76,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Diodes by 11.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,178 shares of the semiconductor company’s stock valued at $90,000 after purchasing an additional 123 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of Diodes in the 2nd quarter valued at $92,000. Finally, Covestor Ltd lifted its stake in shares of Diodes by 98.2% in the 1st quarter. Covestor Ltd now owns 1,292 shares of the semiconductor company’s stock valued at $112,000 after purchasing an additional 640 shares during the period. Institutional investors and hedge funds own 94.82% of the company’s stock.

Diodes Stock Performance

Shares of Diodes stock opened at $70.91 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.85 and a quick ratio of 2.02. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 11.15 and a beta of 1.47. Diodes Incorporated has a one year low of $60.00 and a one year high of $97.45. The stock’s 50-day moving average is $73.61 and its 200-day moving average is $83.10.

Diodes (NASDAQ:DIODGet Free Report) last released its earnings results on Wednesday, November 8th. The semiconductor company reported $1.13 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.07). The firm had revenue of $404.60 million during the quarter, compared to the consensus estimate of $425.75 million. Diodes had a net margin of 16.02% and a return on equity of 16.56%. The company’s revenue was down 22.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.00 EPS. Equities analysts predict that Diodes Incorporated will post 4.78 earnings per share for the current fiscal year.

Insider Buying and Selling at Diodes

In other news, COO Gary Yu sold 2,700 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $80.96, for a total transaction of $218,592.00. Following the sale, the chief operating officer now owns 39,296 shares in the company, valued at approximately $3,181,404.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Andy Tsong sold 1,988 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $82.50, for a total transaction of $164,010.00. Following the sale, the insider now owns 30,575 shares in the company, valued at approximately $2,522,437.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Gary Yu sold 2,700 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $80.96, for a total value of $218,592.00. Following the transaction, the chief operating officer now directly owns 39,296 shares in the company, valued at $3,181,404.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,988 shares of company stock worth $655,248. Corporate insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on DIOD shares. Robert W. Baird downgraded Diodes from an “outperform” rating to a “neutral” rating and cut their price target for the company from $120.00 to $70.00 in a research note on Tuesday, October 31st. Wells Fargo & Company lowered their price objective on shares of Diodes from $85.00 to $65.00 and set an “equal weight” rating for the company in a research report on Thursday, November 9th. StockNews.com cut shares of Diodes from a “buy” rating to a “hold” rating in a research report on Thursday, November 16th. Truist Financial lowered their price objective on shares of Diodes from $93.00 to $72.00 and set a “buy” rating for the company in a research report on Thursday, November 9th. Finally, Benchmark lowered their price objective on shares of Diodes from $95.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, November 9th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.40.

Read Our Latest Stock Report on DIOD

Diodes Profile

(Free Report)

Diodes Incorporated engages in the manufacture and supply of application-specific standard products in the broad discrete, logic, analog, and mixed-signal semiconductor markets worldwide. The company offers discrete semiconductor products, such as MOSFET, TVS, and performance Schottky rectifiers; GPP bridges and rectifiers, and performance Schottky diodes; performance Zener diodes, including tight tolerance and low operating current type; standard, fast, super-fast, and ultra-fast recovery rectifiers; bridge rectifiers; switching diodes; small signal bipolar and prebiased transistors; thyristor surge protection devices; and transient voltage suppressors.

See Also

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Institutional Ownership by Quarter for Diodes (NASDAQ:DIOD)

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