Calamos Advisors LLC Sells 12,172 Shares of Diodes Incorporated $DIOD

Calamos Advisors LLC trimmed its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 60.3% in the third quarter, Holdings Channel reports. The firm owned 8,009 shares of the semiconductor company’s stock after selling 12,172 shares during the period. Calamos Advisors LLC’s holdings in Diodes were worth $775,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Andar Capital Management HK Ltd purchased a new position in Diodes in the second quarter valued at about $80,000,000. BlackRock Inc. acquired a new position in shares of Diodes during the second quarter worth about $803,920,000. William Blair Investment Management LLC acquired a new position in shares of Diodes during the second quarter worth about $184,153,000. Bank of New York Mellon Corp acquired a new position in shares of Diodes during the second quarter worth about $41,421,000. Finally, Bank of America Corp DE purchased a new stake in shares of Diodes in the second quarter worth about $21,374,000. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Diodes Price Performance

DIOD opened at $85.89 on Tuesday. Diodes Incorporated has a twelve month low of $42.28 and a twelve month high of $125.99. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of 34.49 and a beta of 1.96. The company has a current ratio of 3.17, a quick ratio of 1.99 and a debt-to-equity ratio of 0.01. The company has a fifty day simple moving average of $90.00 and a 200 day simple moving average of $88.07.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings data on Thursday, November 5th. The semiconductor company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.13. The company had revenue of $532.59 million during the quarter, compared to analysts’ expectations of $512.94 million. Diodes had a net margin of 5.27% and a return on equity of 4.33%. The firm’s revenue for the quarter was up 35.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.37 EPS. Equities research analysts expect that Diodes Incorporated will post 3.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DIOD. Truist Financial lowered their target price on Diodes from $139.00 to $133.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Needham & Company LLC dropped their target price on Diodes from $110.00 to $100.00 and set a “buy” rating on the stock in a report on Friday. Wells Fargo & Company set a $135.00 price target on Diodes in a research report on Tuesday, October 6th. Wall Street Zen upgraded Diodes from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 24th. Finally, Bank of America began coverage on Diodes in a report on Tuesday, October 6th. They issued a “buy” rating and a $135.00 price target for the company. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.17.

Diodes Profile

Diodes Incorporated designs, manufactures and supplies semiconductor products used in electronic systems. Its portfolio includes discrete semiconductors, analog and mixed-signal devices, and power-management products, such as rectifiers, transistors, MOSFETs, protection devices, converters and LED drivers.

The company’s products support applications in automotive, industrial, computing, consumer electronics and communications markets. Diodes serves customers globally through operations and sales across the Americas, Europe and Asia.

Founded in 1959, Diodes Incorporated is headquartered in Plano, Texas.