Diodes Incorporated $DIOD Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lowered its holdings in Diodes Incorporated (NASDAQ:DIOD) by 27.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,211 shares of the semiconductor company’s stock after selling 5,019 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Diodes were worth $652,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in DIOD. New York State Teachers Retirement System increased its position in shares of Diodes by 2.7% in the fourth quarter. New York State Teachers Retirement System now owns 63,862 shares of the semiconductor company’s stock worth $3,151,000 after acquiring an additional 1,665 shares in the last quarter. Verdence Capital Advisors LLC raised its holdings in shares of Diodes by 2.3% during the fourth quarter. Verdence Capital Advisors LLC now owns 8,430 shares of the semiconductor company’s stock valued at $416,000 after acquiring an additional 186 shares during the period. Quent Capital LLC acquired a new stake in shares of Diodes during the fourth quarter valued at approximately $222,000. Vanguard Group Inc. raised its holdings in shares of Diodes by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 6,154,859 shares of the semiconductor company’s stock valued at $303,681,000 after acquiring an additional 166,603 shares during the period. Finally, Evergreen Capital Management LLC acquired a new stake in shares of Diodes during the fourth quarter valued at approximately $476,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

Insider Buying and Selling

In related news, Director Keh Shew Lu sold 111,000 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $67.76, for a total transaction of $7,521,360.00. Following the transaction, the director directly owned 180,131 shares of the company’s stock, valued at approximately $12,205,676.56. The trade was a 38.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on DIOD. Wall Street Zen upgraded shares of Diodes from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Truist Financial upgraded shares of Diodes from a “hold” rating to a “buy” rating and boosted their price target for the company from $67.00 to $98.00 in a report on Monday, April 13th. Zacks Research upgraded shares of Diodes from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Robert W. Baird boosted their price target on shares of Diodes from $80.00 to $100.00 and gave the company an “outperform” rating in a report on Tuesday, April 7th. Finally, Weiss Ratings upgraded shares of Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $92.67.

Diodes Stock Performance

Shares of DIOD opened at $116.05 on Thursday. The company’s 50 day moving average price is $78.46 and its 200 day moving average price is $62.76. Diodes Incorporated has a 52 week low of $37.97 and a 52 week high of $116.49. The company has a market capitalization of $5.34 billion, a PE ratio of 81.73 and a beta of 1.93. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.08 and a current ratio of 3.32.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings data on Tuesday, February 10th. The semiconductor company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. Diodes had a net margin of 4.46% and a return on equity of 2.95%. The firm had revenue of $391.58 million for the quarter, compared to the consensus estimate of $380.03 million. During the same period in the previous year, the firm posted $0.27 earnings per share. The firm’s revenue was up 15.4% on a year-over-year basis. Research analysts expect that Diodes Incorporated will post 2.45 EPS for the current fiscal year.

Diodes 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.