Texas Permanent School Fund Corp Has $2.47 Million Stake in Diodes Incorporated (NASDAQ:DIOD)

Texas Permanent School Fund Corp lessened its position in Diodes Incorporated (NASDAQ:DIOD) by 14.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,384 shares of the semiconductor company’s stock after selling 5,822 shares during the period. Texas Permanent School Fund Corp’s holdings in Diodes were worth $2,473,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in DIOD. Norges Bank acquired a new position in Diodes in the fourth quarter valued at approximately $31,240,000. Frontier Capital Management Co. LLC lifted its stake in Diodes by 478.5% in the fourth quarter. Frontier Capital Management Co. LLC now owns 391,415 shares of the semiconductor company’s stock valued at $31,517,000 after buying an additional 323,759 shares during the period. Earnest Partners LLC boosted its holdings in Diodes by 12.5% during the first quarter. Earnest Partners LLC now owns 2,534,798 shares of the semiconductor company’s stock worth $178,703,000 after buying an additional 282,089 shares during the last quarter. Sei Investments Co. grew its position in shares of Diodes by 23.5% during the 4th 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, Vanguard Group Inc. raised its position in shares of Diodes by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 5,782,828 shares of the semiconductor company’s stock valued at $407,689,000 after acquiring an additional 132,101 shares during the period. Institutional investors own 99.23% of the company’s stock.

Insider Buying and Selling at Diodes

In other news, SVP Emily Yang sold 1,272 shares of Diodes stock in a transaction on Monday, August 26th. The shares were sold at an average price of $72.16, for a total transaction of $91,787.52. Following the transaction, the senior vice president now owns 29,028 shares in the company, valued at $2,094,660.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Keh Shew Lu sold 20,010 shares of Diodes stock in a transaction on 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 approximately $16,576,587. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Emily Yang sold 1,272 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $72.16, for a total transaction of $91,787.52. Following the completion of the transaction, the senior vice president now directly owns 29,028 shares in the company, valued at approximately $2,094,660.48. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,182 shares of company stock worth $1,640,921. 2.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

DIOD has been the subject of several recent analyst reports. Truist Financial lowered their price target on Diodes from $74.00 to $69.00 and set a “hold” rating for the company in a report on Friday, August 9th. StockNews.com downgraded shares of Diodes from a “hold” rating to a “sell” rating in a research report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $73.20.

Diodes Stock Performance

Shares of Diodes stock opened at $60.36 on Tuesday. The company has a 50 day moving average of $70.58 and a 200-day moving average of $70.89. The company has a market cap of $2.78 billion, a PE ratio of 16.45 and a beta of 1.32. The company has a current ratio of 3.38, a quick ratio of 2.10 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a 1-year low of $58.96 and a 1-year high of $86.74.

Diodes (NASDAQ:DIOD) last released its quarterly earnings data on Thursday, August 8th. The semiconductor company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. The business had revenue of $319.80 million for the quarter, compared to analyst estimates of $316.12 million. Diodes had a return on equity of 5.76% and a net margin of 7.12%. Diodes’s revenue was down 31.5% compared to the same quarter last year. During the same period last year, the firm posted $1.59 earnings per share. As a group, equities research analysts forecast that Diodes Incorporated will post 1.6 earnings per share for the current fiscal year.

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.