First National Bank of Omaha Takes $2.22 Million Position in Diodes Incorporated $DIOD

First National Bank of Omaha bought a new stake in Diodes Incorporated (NASDAQ:DIOD) in the 3rd quarter, Holdings Channel reports. The fund bought 41,752 shares of the semiconductor company’s stock, valued at approximately $2,222,000.

A number of other large investors have also added to or reduced their stakes in the company. AQR Capital Management LLC increased 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 worth $260,000 after buying an additional 663 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Diodes by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,148 shares of the semiconductor company’s stock valued at $1,172,000 after buying an additional 1,186 shares during the last quarter. Goldman Sachs Group Inc. grew its stake 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 acquiring an additional 47,500 shares in the last quarter. Woodline Partners LP acquired a new stake in shares of Diodes during the first quarter valued at about $559,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of 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 acquiring an additional 6,708 shares during the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.

Diodes Price Performance

Shares of DIOD opened at $67.84 on Thursday. Diodes Incorporated has a 52 week low of $32.93 and a 52 week high of $81.71. The company has a current ratio of 3.32, a quick ratio of 2.08 and a debt-to-equity ratio of 0.01. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 47.77 and a beta of 1.66. The stock has a 50 day moving average of $56.74 and a 200-day moving average of $53.53.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on DIOD shares. Zacks Research downgraded Diodes from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 11th. Wall Street Zen raised Diodes from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Weiss Ratings upgraded Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, January 21st. Truist Financial lifted their price target on shares of Diodes from $54.00 to $67.00 and gave the stock a “hold” rating in a research note on Wednesday, February 11th. Finally, Benchmark upped their price target on shares of Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Diodes currently has an average rating of “Hold” and an average price target of $65.67.

Insider Buying and Selling at Diodes

In other news, CFO Brett R. Whitmire sold 830 shares of Diodes stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $60.85, for a total value of $50,505.50. Following the completion of the transaction, 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. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jin Zhao sold 525 shares of Diodes stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $59.19, for a total transaction of $31,074.75. Following the completion of the transaction, the insider directly owned 49,980 shares of the company’s stock, valued at $2,958,316.20. This trade represents a 1.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 5,205 shares of company stock valued at $315,853. Corporate insiders own 1.90% 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.