Diodes Incorporated (NASDAQ:DIOD) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lessened its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 48.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,054 shares of the semiconductor company’s stock after selling 16,661 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Diodes were worth $1,273,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Diodes by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 5,650,727 shares of the semiconductor company’s stock worth $454,997,000 after acquiring an additional 70,121 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Diodes by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,709,298 shares of the semiconductor company’s stock worth $137,635,000 after buying an additional 43,941 shares during the period. Channing Capital Management LLC increased its position in Diodes by 19.8% during the fourth quarter. Channing Capital Management LLC now owns 1,009,445 shares of the semiconductor company’s stock worth $81,281,000 after buying an additional 166,934 shares during the period. Sei Investments Co. increased its position in Diodes by 23.5% during the fourth quarter. Sei Investments Co. now owns 724,397 shares of the semiconductor company’s stock worth $58,328,000 after buying an additional 137,676 shares during the period. Finally, Victory Capital Management Inc. increased its position in Diodes by 12.9% during the fourth quarter. Victory Capital Management Inc. now owns 664,757 shares of the semiconductor company’s stock worth $53,526,000 after buying an additional 76,080 shares during the period. Institutional investors and hedge funds own 99.23% of the company’s stock.

Diodes Trading Up 2.5 %

Shares of DIOD stock opened at $84.40 on Monday. The business’s 50 day moving average is $73.53 and its two-hundred day moving average is $71.22. Diodes Incorporated has a twelve month low of $60.00 and a twelve month high of $96.68. The company has a market capitalization of $3.89 billion, a P/E ratio of 23.00 and a beta of 1.36. The company has a current ratio of 3.18, a quick ratio of 2.05 and a debt-to-equity ratio of 0.01.

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. Equities analysts forecast that Diodes Incorporated will post 1.8 EPS for the current year.

Insider Buying and Selling at Diodes

In related news, Director Peter M. Menard sold 630 shares of Diodes stock in a transaction that occurred 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 sale, the director now directly owns 18,050 shares in the company, valued at $1,298,878. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Keh Shew Lu sold 6,000 shares of Diodes 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 sale, the chief executive officer now directly owns 102,996 shares in the company, valued at $7,614,494.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Peter M. Menard sold 630 shares of Diodes stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $71.96, for a total value of $45,334.80. Following the completion of the sale, the director now owns 18,050 shares in the company, valued at $1,298,878. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,630 shares of company stock worth $2,272,715. 2.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

DIOD has been the topic of several research analyst reports. Truist Financial lifted their price target on Diodes from $67.00 to $74.00 and gave the stock a “hold” rating in a research report on Friday, May 10th. Robert W. Baird lifted their price target on Diodes from $56.00 to $72.00 and gave the stock a “neutral” rating in a research report on Friday, May 10th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Diodes presently has a consensus rating of “Hold” and a consensus price target of $74.20.

About Diodes

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.