Diodes Incorporated (NASDAQ:DIOD) Shares Sold by Zions Bancorporation N.A.

Zions Bancorporation N.A. cut its position in shares of Diodes Incorporated (NASDAQ:DIOD) by 3.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 23,608 shares of the semiconductor company’s stock after selling 735 shares during the quarter. Zions Bancorporation N.A.’s holdings in Diodes were worth $1,698,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in shares of Diodes by 66.5% during the 2nd quarter. GAMMA Investing LLC now owns 453 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 181 shares in the last quarter. EntryPoint Capital LLC acquired a new position in Diodes in the 1st quarter worth about $40,000. Riverview Trust Co purchased a new position in Diodes during the first quarter worth approximately $51,000. Principal Securities Inc. acquired a new stake in Diodes in the fourth quarter valued at approximately $74,000. Finally, NBC Securities Inc. increased its position in shares of Diodes by 62.3% in the first quarter. NBC Securities Inc. now owns 1,227 shares of the semiconductor company’s stock valued at $86,000 after buying an additional 471 shares in the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

Insider Buying and Selling at Diodes

In related news, CEO Keh Shew Lu sold 20,010 shares of Diodes stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $67.25, for a total transaction of $1,345,672.50. Following the transaction, the chief executive officer now owns 246,492 shares in the company, valued at $16,576,587. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Keh Shew Lu sold 20,010 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $67.25, for a total value of $1,345,672.50. Following the completion of the sale, the chief executive officer now owns 246,492 shares of the company’s stock, valued at $16,576,587. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Emily Yang sold 1,272 shares of Diodes stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $72.16, for a total transaction of $91,787.52. Following the transaction, the senior vice president now directly owns 29,028 shares in the company, valued at $2,094,660.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,182 shares of company stock worth $1,640,921. Insiders own 2.30% of the company’s stock.

Diodes Stock Up 2.8 %

NASDAQ DIOD opened at $62.15 on Friday. The business has a fifty day moving average price of $70.92 and a 200 day moving average price of $70.90. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.10 and a current ratio of 3.38. The company has a market cap of $2.88 billion, a P/E ratio of 16.93 and a beta of 1.32. Diodes Incorporated has a one year low of $58.96 and a one year high of $86.74.

Diodes (NASDAQ:DIOD) last issued its earnings results on Thursday, August 8th. The semiconductor company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The business had revenue of $319.80 million during the quarter, compared to analysts’ expectations of $316.12 million. Diodes had a net margin of 7.12% and a return on equity of 5.76%. The company’s quarterly revenue was down 31.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.59 earnings per share. Research analysts anticipate that Diodes Incorporated will post 1.6 EPS for the current fiscal year.

Analyst Ratings Changes

DIOD has been the topic of a number of research analyst reports. StockNews.com cut shares of Diodes from a “hold” rating to a “sell” rating in a research note on Wednesday, August 21st. Truist Financial cut their target price on shares of Diodes from $74.00 to $69.00 and set a “hold” rating for the company in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $73.20.

Diodes Company Profile

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.