Allspring Global Investments Holdings LLC Grows Stock Holdings in Diodes Incorporated $DIOD

Allspring Global Investments Holdings LLC raised its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 8.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 254,167 shares of the semiconductor company’s stock after buying an additional 18,816 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Diodes were worth $17,517,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its position in Diodes by 49.6% in the third quarter. JPMorgan Chase & Co. now owns 464,429 shares of the semiconductor company’s stock worth $24,712,000 after buying an additional 153,905 shares during the last quarter. Evergreen Capital Management LLC bought a new position in Diodes during the fourth quarter valued at $476,000. Bessemer Group Inc. raised its stake in shares of Diodes by 14.5% in the fourth quarter. Bessemer Group Inc. now owns 419,648 shares of the semiconductor company’s stock valued at $20,707,000 after acquiring an additional 53,039 shares during the period. Tributary Capital Management LLC lifted its holdings in shares of Diodes by 7.1% in the 4th quarter. Tributary Capital Management LLC now owns 346,023 shares of the semiconductor company’s stock worth $17,073,000 after acquiring an additional 22,903 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Diodes by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 6,154,859 shares of the semiconductor company’s stock worth $303,681,000 after purchasing an additional 166,603 shares during the period. 99.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CFO Brett R. Whitmire sold 16,556 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $103.34, for a total value of $1,710,897.04. Following the completion of the transaction, the chief financial officer directly owned 44,632 shares of the company’s stock, valued at approximately $4,612,270.88. The trade was a 27.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Emily Yang sold 3,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $110.08, for a total value of $330,240.00. Following the sale, the senior vice president owned 61,878 shares of the company’s stock, valued at $6,811,530.24. This trade represents a 4.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 70,981 shares of company stock valued at $7,616,906 over the last ninety days. Company insiders own 1.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Diodes in a research report on Wednesday, July 15th. Zacks Research lowered Diodes from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Truist Financial boosted their price objective on Diodes from $98.00 to $139.00 and gave the company a “buy” rating in a report on Friday, May 8th. Finally, Robert W. Baird set a $120.00 price objective on Diodes in a research report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Diodes has a consensus rating of “Moderate Buy” and an average target price of $113.00.

Diodes Trading Up 7.4%

Shares of NASDAQ DIOD opened at $93.75 on Wednesday. Diodes Incorporated has a twelve month low of $42.28 and a twelve month high of $125.99. The firm has a market cap of $4.31 billion, a PE ratio of 50.95 and a beta of 1.88. The business has a fifty day simple moving average of $103.07 and a two-hundred day simple moving average of $83.10. The company has a quick ratio of 1.97, a current ratio of 3.17 and a debt-to-equity ratio of 0.01.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.08. The business had revenue of $405.47 million for the quarter, compared to the consensus estimate of $396.33 million. Diodes had a return on equity of 3.48% and a net margin of 5.50%.The business’s revenue was up 22.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.19 EPS. Analysts expect that Diodes Incorporated will post 2.58 earnings per share for the current fiscal year.

Diodes 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.