Public Employees Retirement System of Ohio Buys 2,152 Shares of Diodes Incorporated (NASDAQ:DIOD)

Public Employees Retirement System of Ohio raised its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 382.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,714 shares of the semiconductor company’s stock after purchasing an additional 2,152 shares during the period. Public Employees Retirement System of Ohio’s holdings in Diodes were worth $214,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Diodes by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 5,580,606 shares of the semiconductor company’s stock valued at $439,975,000 after purchasing an additional 100,618 shares during the period. American Century Companies Inc. boosted its stake in Diodes by 12.2% during the 3rd quarter. American Century Companies Inc. now owns 616,083 shares of the semiconductor company’s stock worth $48,572,000 after acquiring an additional 66,776 shares during the last quarter. Deutsche Bank AG boosted its stake in Diodes by 12.0% during the 3rd quarter. Deutsche Bank AG now owns 27,412 shares of the semiconductor company’s stock worth $2,161,000 after acquiring an additional 2,935 shares during the last quarter. Aurora Investment Counsel boosted its stake in Diodes by 2.6% during the 3rd quarter. Aurora Investment Counsel now owns 13,205 shares of the semiconductor company’s stock worth $1,041,000 after acquiring an additional 340 shares during the last quarter. Finally, Comerica Bank boosted its stake in Diodes by 34.7% during the 3rd quarter. Comerica Bank now owns 61,157 shares of the semiconductor company’s stock worth $4,822,000 after acquiring an additional 15,757 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. TheStreet lowered shares of Diodes from a “b-” rating to a “c+” rating in a research note on Friday, December 1st. TD Cowen lifted their price target on shares of Diodes from $72.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Truist Financial lowered their price objective on shares of Diodes from $78.00 to $67.00 and set a “hold” rating on the stock in a report on Wednesday, February 7th. Finally, Wells Fargo & Company lowered their price objective on shares of Diodes from $80.00 to $70.00 and set an “equal weight” rating on the stock in a report 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.com, the company has an average rating of “Hold” and an average target price of $72.40.

Insider Buying and Selling at Diodes

In other news, CFO Brett R. Whitmire sold 3,400 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $67.30, for a total value of $228,820.00. Following the completion of the sale, the chief financial officer now owns 48,265 shares of the company’s stock, valued at $3,248,234.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO Brett R. Whitmire sold 3,400 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $67.30, for a total transaction of $228,820.00. Following the completion of the sale, the chief financial officer now owns 48,265 shares of the company’s stock, valued at $3,248,234.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Keh Shew Lu sold 1,500 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $68.06, for a total value of $102,090.00. Following the transaction, the chief executive officer now directly owns 281,992 shares of the company’s stock, valued at approximately $19,192,375.52. The disclosure for this sale can be found here. Insiders have sold a total of 25,900 shares of company stock worth $1,774,570 over the last ninety days. Insiders own 2.60% of the company’s stock.

Diodes Price Performance

NASDAQ:DIOD opened at $70.38 on Thursday. Diodes Incorporated has a one year low of $60.00 and a one year high of $97.37. The company has a market cap of $3.23 billion, a P/E ratio of 14.33 and a beta of 1.46. The firm’s fifty day moving average price is $68.37 and its two-hundred day moving average price is $71.93. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.02 and a quick ratio of 2.03.

Diodes (NASDAQ:DIOD) last released its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.47 by $0.04. Diodes had a net margin of 13.67% and a return on equity of 12.79%. The firm had revenue of $322.70 million for the quarter, compared to the consensus estimate of $324.76 million. During the same period in the previous year, the company earned $1.73 earnings per share. The company’s quarterly revenue was down 35.0% on a year-over-year basis. Equities analysts expect that Diodes Incorporated will post 2.55 earnings per share for the current year.

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.