Diodes Incorporated (NASDAQ:DIOD) Shares Bought by Zions Bancorporation N.A.

Zions Bancorporation N.A. increased its position in Diodes Incorporated (NASDAQ:DIOD) by 23.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 34,451 shares of the semiconductor company’s stock after acquiring an additional 6,523 shares during the period. Zions Bancorporation N.A.’s holdings in Diodes were worth $2,125,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Truvestments Capital LLC acquired a new stake in Diodes in the 3rd quarter valued at about $29,000. Smartleaf Asset Management LLC raised its holdings in shares of Diodes by 198.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 522 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Diodes during the fourth quarter valued at approximately $79,000. KBC Group NV boosted its holdings in Diodes by 36.7% during the fourth quarter. KBC Group NV now owns 1,987 shares of the semiconductor company’s stock worth $123,000 after buying an additional 533 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in Diodes in the third quarter worth approximately $184,000. Institutional investors own 99.23% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on DIOD. Benchmark cut their price objective on Diodes from $74.00 to $65.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Truist Financial reduced their target price on Diodes from $63.00 to $53.00 and set a “hold” rating for the company in a report on Wednesday, February 12th.

Diodes Stock Down 0.2 %

DIOD stock opened at $46.83 on Wednesday. The company’s 50 day simple moving average is $53.43 and its 200-day simple moving average is $59.10. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.26 and a quick ratio of 1.99. Diodes Incorporated has a 52-week low of $44.24 and a 52-week high of $86.74. The firm has a market capitalization of $2.17 billion, a P/E ratio of 49.29 and a beta of 1.31.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.27). Diodes had a net margin of 3.36% and a return on equity of 3.28%. As a group, equities research analysts anticipate that Diodes Incorporated will post 1.82 EPS for the current year.

Insider Buying and Selling at Diodes

In other Diodes news, President Gary Yu sold 2,900 shares of Diodes stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction of $162,516.00. Following the completion of the sale, the president now owns 79,697 shares of the company’s stock, valued at $4,466,219.88. This trade represents a 3.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Brett R. Whitmire sold 830 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total transaction of $46,513.20. Following the completion of the transaction, the chief financial officer now directly owns 51,525 shares in the company, valued at $2,887,461. This trade represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,680 shares of company stock valued at $262,267 in the last 90 days. 2.30% of the stock is currently owned by corporate insiders.

Diodes Company Profile

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.