Principal Securities Inc. Invests $74,000 in Diodes Incorporated (NASDAQ:DIOD)

Principal Securities Inc. purchased a new position in Diodes Incorporated (NASDAQ:DIOD) in the 4th quarter, HoldingsChannel reports. The fund purchased 922 shares of the semiconductor company’s stock, valued at approximately $74,000.

Other large investors have also recently modified their holdings of the company. Tributary Capital Management LLC raised its position in shares of Diodes by 15.9% in the 4th quarter. Tributary Capital Management LLC now owns 225,029 shares of the semiconductor company’s stock worth $18,119,000 after purchasing an additional 30,840 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Diodes by 3.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 529,879 shares of the semiconductor company’s stock worth $42,666,000 after buying an additional 19,457 shares during the last quarter. Sei Investments Co. raised its position in Diodes by 10.9% in the 3rd quarter. Sei Investments Co. now owns 586,721 shares of the semiconductor company’s stock worth $46,257,000 after buying an additional 57,817 shares during the last quarter. Federated Hermes Inc. raised its position in Diodes by 30.4% in the 3rd quarter. Federated Hermes Inc. now owns 24,807 shares of the semiconductor company’s stock worth $1,956,000 after buying an additional 5,786 shares during the last quarter. Finally, Great Lakes Advisors LLC raised its position in Diodes by 22.5% in the 3rd quarter. Great Lakes Advisors LLC now owns 142,105 shares of the semiconductor company’s stock worth $11,204,000 after buying an additional 26,142 shares during the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Diodes Trading Up 2.6 %

Shares of NASDAQ:DIOD opened at $74.41 on Thursday. The stock has a 50 day moving average of $70.29 and a 200 day moving average of $70.68. The company has a market cap of $3.43 billion, a PE ratio of 20.28 and a beta of 1.44. The company has a current ratio of 3.18, a quick ratio of 2.05 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a 12-month low of $60.00 and a 12-month high of $97.37.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings data on Thursday, May 9th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $301.90 million during the quarter, compared to the consensus estimate of $305.47 million. Diodes had a return on equity of 9.11% and a net margin of 11.36%. The firm’s revenue was down 35.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.59 EPS. As a group, equities research analysts expect that Diodes Incorporated will post 1.8 EPS for the current year.

Insider Activity at Diodes

In related news, CEO Keh Shew Lu sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $68.78, for a total value of $825,360.00. Following the transaction, the chief executive officer now directly owns 262,492 shares of the company’s stock, valued at approximately $18,054,199.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Keh Shew Lu sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $68.78, for a total value of $825,360.00. Following the transaction, the chief executive officer now directly owns 262,492 shares of the company’s stock, valued at approximately $18,054,199.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Brett R. Whitmire sold 3,400 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $67.30, for a total value of $228,820.00. Following the completion of the transaction, the chief financial officer now directly owns 48,265 shares in the company, valued at $3,248,234.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,400 shares of company stock worth $2,356,480. 2.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

DIOD has been the subject of a number of recent analyst reports. Robert W. Baird boosted their target price on Diodes from $56.00 to $72.00 and gave the stock a “neutral” rating in a research report on Friday, May 10th. Wells Fargo & Company cut their price target on Diodes from $80.00 to $70.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 7th. Truist Financial boosted their price target on Diodes from $67.00 to $74.00 and gave the company a “hold” rating in a research note on Friday, May 10th. Finally, TD Cowen boosted their price target on Diodes from $72.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Diodes currently has a consensus rating of “Hold” and an average price target of $74.20.

About Diodes

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.