American Century Companies Inc. Decreases Holdings in Diodes Incorporated $DIOD

American Century Companies Inc. trimmed its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 6.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 325,606 shares of the semiconductor company’s stock after selling 24,199 shares during the period. American Century Companies Inc.’s holdings in Diodes were worth $17,221,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Verdence Capital Advisors LLC grew its position in Diodes by 2.8% during the second quarter. Verdence Capital Advisors LLC now owns 7,764 shares of the semiconductor company’s stock valued at $411,000 after buying an additional 213 shares during the period. Parallel Advisors LLC boosted its stake in Diodes by 52.0% in the second quarter. Parallel Advisors LLC now owns 757 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 259 shares during the last quarter. Fifth Third Bancorp grew its position in shares of Diodes by 85.8% during the 2nd quarter. Fifth Third Bancorp now owns 628 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 290 shares during the period. Zions Bancorporation National Association UT increased its stake in shares of Diodes by 1.0% during the 2nd quarter. Zions Bancorporation National Association UT now owns 36,412 shares of the semiconductor company’s stock worth $1,926,000 after purchasing an additional 352 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of Diodes by 283.1% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 544 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 402 shares during the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Keh Shew Lu sold 6,000 shares of the stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $47.42, for a total value of $284,520.00. Following the transaction, the director owned 244,397 shares of the company’s stock, valued at $11,589,305.74. This represents a 2.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.30% of the stock is currently owned by corporate insiders.

Diodes Stock Performance

NASDAQ:DIOD opened at $46.82 on Wednesday. The business’s 50-day moving average price is $50.68 and its two-hundred day moving average price is $51.60. Diodes Incorporated has a twelve month low of $32.93 and a twelve month high of $67.12. The stock has a market cap of $2.17 billion, a P/E ratio of 33.93 and a beta of 1.65. The company has a quick ratio of 2.09, a current ratio of 3.32 and a debt-to-equity ratio of 0.01.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Tuesday, March 8th. The semiconductor company reported $0.74 EPS for the quarter. The company had revenue of $350.37 million during the quarter. Diodes had a return on equity of 2.81% and a net margin of 4.49%. As a group, equities analysts predict that Diodes Incorporated will post 1.82 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Zacks Research downgraded Diodes from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Truist Financial lowered their target price on Diodes from $54.00 to $51.00 and set a “hold” rating on the stock in a research note on Friday, November 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Diodes in a research report on Monday. Finally, Wall Street Zen lowered Diodes from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $54.33.

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.