Diodes Incorporated (NASDAQ:DIOD) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund decreased its stake in Diodes Incorporated (NASDAQ:DIOD) by 7.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,061 shares of the semiconductor company’s stock after selling 1,901 shares during the quarter. Illinois Municipal Retirement Fund owned approximately 0.05% of Diodes worth $1,546,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of DIOD. KBC Group NV boosted its position in Diodes by 33.9% during the third quarter. KBC Group NV now owns 1,454 shares of the semiconductor company’s stock worth $93,000 after acquiring an additional 368 shares during the last quarter. Sanctuary Advisors LLC boosted its position in Diodes by 6.4% during the fourth quarter. Sanctuary Advisors LLC now owns 7,087 shares of the semiconductor company’s stock worth $414,000 after acquiring an additional 425 shares during the last quarter. Truvestments Capital LLC acquired a new position in Diodes during the third quarter worth about $29,000. The Manufacturers Life Insurance Company boosted its position in Diodes by 2.6% during the third quarter. The Manufacturers Life Insurance Company now owns 25,799 shares of the semiconductor company’s stock worth $1,653,000 after acquiring an additional 649 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in Diodes by 0.6% during the fourth quarter. Rhumbline Advisers now owns 138,468 shares of the semiconductor company’s stock worth $8,539,000 after acquiring an additional 838 shares during the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

Insider Buying and Selling at Diodes

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DIOD. Truist Financial lowered their price target on shares of Diodes from $63.00 to $53.00 and set a “hold” rating on the stock in a research report on Wednesday, February 12th. StockNews.com upgraded shares of Diodes from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Finally, Benchmark lowered their price target on shares of Diodes from $74.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th.

Diodes Stock Performance

NASDAQ:DIOD opened at $49.38 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.26 and a quick ratio of 1.99. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 51.98 and a beta of 1.31. The company’s 50-day moving average is $58.82 and its two-hundred day moving average is $61.49. Diodes Incorporated has a 1-year low of $48.39 and a 1-year high of $86.74.

Diodes (NASDAQ:DIOD) last posted its earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.27). Diodes had a net margin of 3.36% and a return on equity of 3.28%. Analysts forecast that Diodes Incorporated will post 1.82 EPS for the current year.

Diodes 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.