Diodes Incorporated $DIOD Stake Increased by Public Sector Pension Investment Board

Public Sector Pension Investment Board increased its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 14.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 181,173 shares of the semiconductor company’s stock after buying an additional 23,002 shares during the quarter. Public Sector Pension Investment Board owned 0.39% of Diodes worth $9,640,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Activity

In related news, CEO Gary Yu sold 2,900 shares of the firm’s stock in a transaction on Tuesday, February 3rd. The shares were 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 in the company, valued at approximately $6,795,180.35. This trade represents a 2.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Emily Yang sold 950 shares of Diodes stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $60.85, for a total transaction of $57,807.50. Following the completion of the transaction, the senior vice president owned 74,032 shares in the company, valued at $4,504,847.20. This trade represents a 1.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 5,205 shares of company stock valued at $315,853 over the last three months. Corporate insiders own 2.30% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Diodes Price Performance

Shares of NASDAQ:DIOD opened at $71.07 on Tuesday. The stock has a market capitalization of $3.26 billion, a P/E ratio of 50.05 and a beta of 1.66. The business has a 50-day moving average of $56.12 and a two-hundred day moving average of $53.30. Diodes Incorporated has a fifty-two week low of $32.93 and a fifty-two week 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.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Tuesday, February 10th. The semiconductor company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. Diodes had a return on equity of 2.95% and a net margin of 4.46%.The business had revenue of $391.58 million for the quarter, compared to the consensus estimate of $380.03 million. During the same period last year, the business earned $0.27 EPS. The firm’s revenue was up 15.4% compared to the same quarter last year. On average, equities research analysts predict that Diodes Incorporated will post 1.82 EPS for the current fiscal 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.