Zions Bancorporation N.A. Boosts Stock Holdings in Diodes Incorporated (NASDAQ:DIOD)

Zions Bancorporation N.A. boosted its stake in shares of Diodes Incorporated (NASDAQ:DIOD) by 18.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,928 shares of the semiconductor company’s stock after acquiring an additional 4,320 shares during the period. Zions Bancorporation N.A. owned 0.06% of Diodes worth $1,790,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in shares of Diodes by 66.5% in the 2nd quarter. GAMMA Investing LLC now owns 453 shares of the semiconductor company’s stock worth $33,000 after buying an additional 181 shares in the last quarter. EntryPoint Capital LLC purchased a new position in shares of Diodes in the 1st quarter worth $40,000. Innealta Capital LLC purchased a new position in shares of Diodes in the 2nd quarter worth $88,000. KBC Group NV grew its stake in shares of Diodes by 33.9% in the 3rd quarter. KBC Group NV now owns 1,454 shares of the semiconductor company’s stock worth $93,000 after buying an additional 368 shares in the last quarter. Finally, EMC Capital Management grew its stake in shares of Diodes by 25.8% in the 1st quarter. EMC Capital Management now owns 1,632 shares of the semiconductor company’s stock worth $115,000 after buying an additional 335 shares in the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Diodes

In related news, CFO Brett R. Whitmire sold 1,900 shares of Diodes stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $69.99, for a total transaction of $132,981.00. Following the completion of the sale, the chief financial officer now owns 46,365 shares in the company, valued at $3,245,086.35. This trade represents a 3.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Emily Yang sold 1,000 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $70.48, for a total transaction of $70,480.00. Following the completion of the sale, the senior vice president now owns 59,820 shares of the company’s stock, valued at approximately $4,216,113.60. This represents a 1.64 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,182 shares of company stock worth $1,640,921 in the last 90 days. 2.30% of the stock is owned by corporate insiders.

Diodes Price Performance

DIOD stock opened at $55.01 on Friday. Diodes Incorporated has a 12 month low of $53.97 and a 12 month high of $86.74. The company has a current ratio of 3.58, a quick ratio of 2.21 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average price of $62.07 and a 200 day moving average price of $68.89. The stock has a market cap of $2.55 billion, a PE ratio of 41.67 and a beta of 1.32.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. StockNews.com raised shares of Diodes from a “sell” rating to a “hold” rating in a research note on Monday. Benchmark dropped their price target on shares of Diodes from $83.00 to $75.00 and set a “buy” rating for the company in a research note on Monday. Finally, Truist Financial dropped their price target on shares of Diodes from $69.00 to $62.00 and set a “hold” rating for the company in a research note on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Diodes has a consensus rating of “Hold” and a consensus price target of $72.80.

Diodes 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.