41,752 Shares in Diodes Incorporated $DIOD Acquired by First National Bank of Omaha

First National Bank of Omaha bought a new stake in Diodes Incorporated (NASDAQ:DIOD) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 41,752 shares of the semiconductor company’s stock, valued at approximately $2,222,000. First National Bank of Omaha owned approximately 0.09% of Diodes as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its stake in shares of Diodes by 77.4% during the second quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 205 shares during the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of Diodes during the 3rd quarter worth about $25,000. Geneos Wealth Management Inc. purchased a new stake in shares of Diodes during the second quarter worth about $30,000. Huntington National Bank raised its position in shares of Diodes by 294.1% in the second quarter. Huntington National Bank now owns 1,399 shares of the semiconductor company’s stock valued at $74,000 after buying an additional 1,044 shares during the last quarter. Finally, CWM LLC lifted its stake in shares of Diodes by 336.8% during the second quarter. CWM LLC now owns 3,385 shares of the semiconductor company’s stock valued at $179,000 after buying an additional 2,610 shares during the period. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DIOD. Benchmark boosted their price target on Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Truist Financial upped their target price on Diodes from $54.00 to $67.00 and gave the company a “hold” rating in a research note on Wednesday, February 11th. Weiss Ratings upgraded Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, January 21st. Zacks Research cut Diodes from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 11th. Finally, Wall Street Zen raised shares of Diodes from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $65.67.

Insider Buying and Selling at Diodes

In other Diodes news, CEO Gary Yu sold 2,900 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $60.85, for a total value of $176,465.00. Following the transaction, the chief executive officer directly owned 111,671 shares of the company’s stock, valued at $6,795,180.35. This trade represents a 2.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brett R. Whitmire sold 830 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $60.85, for a total value of $50,505.50. Following the transaction, the chief financial officer owned 67,141 shares in the company, valued at approximately $4,085,529.85. This represents a 1.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 5,205 shares of company stock worth $315,853. 1.90% of the stock is currently owned by insiders.

Diodes Stock Performance

Diodes stock opened at $67.84 on Thursday. The company has a market cap of $3.11 billion, a price-to-earnings ratio of 47.77 and a beta of 1.66. Diodes Incorporated has a 12 month low of $32.93 and a 12 month high of $81.71. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.32 and a quick ratio of 2.08. The stock’s 50-day moving average is $56.74 and its 200-day moving average is $53.53.

Diodes (NASDAQ:DIOD) last posted its earnings results on Tuesday, February 10th. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. The firm had revenue of $391.58 million during the quarter, compared to the consensus estimate of $380.03 million. Diodes had a net margin of 4.46% and a return on equity of 2.95%. The company’s revenue was up 15.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.27 EPS. Equities analysts anticipate that Diodes Incorporated will post 1.82 earnings per share for the current year.

Diodes Company Profile

Diodes Incorporated (NASDAQ: DIOD) is a global manufacturer and supplier of high‐performance discrete, logic, analog and mixed‐signal semiconductor products. Headquartered in Plano, Texas, the company designs and develops a broad range of discrete components, standard logic functions, power management circuits, interface products and array products. Its portfolio includes rectifiers, MOSFETs, general‐purpose diodes, voltage regulators, comparators, buffers and other building blocks for electronic systems.

Diodes Incorporated serves a variety of end markets such as automotive, computing, communications, consumer electronics, industrial and lighting.