Public Sector Pension Investment Board Acquires 23,002 Shares of Diodes Incorporated $DIOD

Public Sector Pension Investment Board raised its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 14.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 181,173 shares of the semiconductor company’s stock after buying an additional 23,002 shares during the quarter. Public Sector Pension Investment Board’s holdings in Diodes were worth $9,640,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DIOD. AQR Capital Management LLC raised its stake in Diodes by 12.4% during the 1st quarter. AQR Capital Management LLC now owns 6,028 shares of the semiconductor company’s stock valued at $260,000 after purchasing an additional 663 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Diodes by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,148 shares of the semiconductor company’s stock worth $1,172,000 after purchasing an additional 1,186 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Diodes by 13.8% during the first quarter. Goldman Sachs Group Inc. now owns 391,005 shares of the semiconductor company’s stock valued at $16,880,000 after buying an additional 47,500 shares during the last quarter. Woodline Partners LP bought a new stake in shares of Diodes in the first quarter valued at about $559,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Diodes by 6.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 104,719 shares of the semiconductor company’s stock worth $4,521,000 after buying an additional 6,708 shares in the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

Diodes Stock Performance

Shares of NASDAQ:DIOD opened at $71.07 on Tuesday. The business’s fifty day moving average price is $56.12 and its two-hundred day moving average price is $53.30. Diodes Incorporated has a fifty-two week low of $32.93 and a fifty-two week high of $81.71. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 50.05 and a beta of 1.66. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.32 and a quick ratio of 2.08.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Tuesday, February 10th. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. Diodes had a return on equity of 2.95% and a net margin of 4.46%.The company had revenue of $391.58 million during the quarter, compared to analysts’ expectations of $380.03 million. During the same period last year, the business earned $0.27 earnings per share. The business’s revenue was up 15.4% on a year-over-year basis. As a group, analysts predict that Diodes Incorporated will post 1.82 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Wall Street Zen raised Diodes from a “hold” rating to a “buy” rating in a report on Saturday. Benchmark upped their target price on Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Weiss Ratings raised Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, January 21st. Zacks Research lowered shares of Diodes from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 11th. Finally, Truist Financial raised their price objective on shares of Diodes from $54.00 to $67.00 and gave the stock a “hold” rating in a report on Wednesday, February 11th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Diodes presently has an average rating of “Hold” and a consensus target price of $65.67.

Insider Activity

In other Diodes news, CEO Gary Yu sold 2,900 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $60.85, for a total value of $176,465.00. Following the transaction, the chief executive officer directly owned 111,671 shares in the company, valued at $6,795,180.35. The trade was a 2.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brett R. Whitmire sold 830 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $60.85, for a total transaction of $50,505.50. Following the sale, the chief financial officer directly owned 67,141 shares of the company’s stock, valued at approximately $4,085,529.85. The trade was a 1.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 5,205 shares of company stock valued at $315,853. Company insiders own 2.30% of the company’s stock.

Diodes Company Profile

Diodes Incorporated (NASDAQ: DIOD) is a global manufacturer and supplier of high‐performance discrete, logic, analog and mixed‐signal semiconductor products. Headquartered in Plano, Texas, the company designs and develops a broad range of discrete components, standard logic functions, power management circuits, interface products and array products. Its portfolio includes rectifiers, MOSFETs, general‐purpose diodes, voltage regulators, comparators, buffers and other building blocks for electronic systems.

Diodes Incorporated serves a variety of end markets such as automotive, computing, communications, consumer electronics, industrial and lighting.