BNP Paribas Financial Markets Increases Position in Diodes Incorporated (NASDAQ:DIOD)

BNP Paribas Financial Markets lifted its position in shares of Diodes Incorporated (NASDAQ:DIOD) by 113.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,116 shares of the semiconductor company’s stock after purchasing an additional 38,296 shares during the period. BNP Paribas Financial Markets owned about 0.16% of Diodes worth $5,084,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of DIOD. Comerica Bank boosted its position in shares of Diodes by 34.7% during the 3rd quarter. Comerica Bank now owns 61,157 shares of the semiconductor company’s stock worth $4,822,000 after acquiring an additional 15,757 shares in the last quarter. American Century Companies Inc. increased its stake in Diodes by 12.2% in the third quarter. American Century Companies Inc. now owns 616,083 shares of the semiconductor company’s stock valued at $48,572,000 after purchasing an additional 66,776 shares during the last quarter. Vanguard Group Inc. increased its stake in Diodes by 1.8% in the third quarter. Vanguard Group Inc. now owns 5,580,606 shares of the semiconductor company’s stock valued at $439,975,000 after purchasing an additional 100,618 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Diodes by 382.9% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 2,714 shares of the semiconductor company’s stock worth $214,000 after buying an additional 2,152 shares during the last quarter. Finally, Insight Wealth Strategies LLC boosted its holdings in shares of Diodes by 10.7% in the 4th quarter. Insight Wealth Strategies LLC now owns 23,481 shares of the semiconductor company’s stock valued at $1,891,000 after buying an additional 2,271 shares in the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

Diodes Price Performance

Shares of NASDAQ:DIOD opened at $82.38 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.05 and a current ratio of 3.18. Diodes Incorporated has a one year low of $60.00 and a one year high of $96.68. The company has a 50-day simple moving average of $73.30 and a 200-day simple moving average of $71.35. The stock has a market capitalization of $3.80 billion, a price-to-earnings ratio of 22.45 and a beta of 1.36.

Diodes (NASDAQ:DIOD) last announced its earnings results on Thursday, May 9th. The semiconductor company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. Diodes had a return on equity of 9.11% and a net margin of 11.36%. The company had revenue of $301.90 million for the quarter, compared to the consensus estimate of $305.47 million. During the same period last year, the business posted $1.59 EPS. The company’s revenue was down 35.4% on a year-over-year basis. On average, analysts predict that Diodes Incorporated will post 1.8 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Keh Shew Lu sold 6,000 shares of Diodes stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $73.93, for a total value of $443,580.00. Following the sale, the chief executive officer now owns 102,996 shares of the company’s stock, valued at $7,614,494.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Keh Shew Lu sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $73.93, for a total value of $443,580.00. Following the completion of the sale, the chief executive officer now directly owns 102,996 shares of the company’s stock, valued at approximately $7,614,494.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Peter M. Menard sold 630 shares of the company’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $71.96, for a total value of $45,334.80. Following the transaction, the director now directly owns 18,050 shares in the company, valued at approximately $1,298,878. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,630 shares of company stock worth $2,272,715. 2.30% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Truist Financial boosted their price target on shares of Diodes from $67.00 to $74.00 and gave the company a “hold” rating in a research report on Friday, May 10th. Robert W. Baird boosted their target price on Diodes from $56.00 to $72.00 and gave the company a “neutral” rating in a report on Friday, May 10th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $74.20.

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.