Legato Capital Management LLC Sells 8,439 Shares of Diodes Incorporated $DIOD

Legato Capital Management LLC lowered its holdings in Diodes Incorporated (NASDAQ:DIOD) by 39.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,052 shares of the semiconductor company’s stock after selling 8,439 shares during the period. Legato Capital Management LLC’s holdings in Diodes were worth $644,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Allianz Asset Management GmbH boosted its holdings in Diodes by 27.0% in the 3rd quarter. Allianz Asset Management GmbH now owns 145,889 shares of the semiconductor company’s stock valued at $7,763,000 after purchasing an additional 31,013 shares during the period. Bessemer Group Inc. boosted its holdings in Diodes by 178,733.7% in the 3rd quarter. Bessemer Group Inc. now owns 366,609 shares of the semiconductor company’s stock valued at $19,508,000 after purchasing an additional 366,404 shares during the period. JPMorgan Chase & Co. boosted its holdings in Diodes by 49.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 464,429 shares of the semiconductor company’s stock valued at $24,712,000 after purchasing an additional 153,905 shares during the period. Evergreen Capital Management LLC bought a new stake in Diodes in the 4th quarter valued at about $476,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Diodes by 8.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 235,351 shares of the semiconductor company’s stock valued at $12,104,000 after purchasing an additional 17,363 shares during the period. Institutional investors own 99.23% of the company’s stock.

Wall Street Analysts Forecast Growth

DIOD has been the subject of a number of recent research reports. Benchmark boosted their price objective on shares of Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Robert W. Baird set a $120.00 price objective on shares of Diodes in a report on Friday, May 8th. Truist Financial boosted their target price on shares of Diodes from $98.00 to $139.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Wall Street Zen upgraded shares of Diodes from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Finally, Zacks Research upgraded shares of Diodes from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Diodes currently has an average rating of “Buy” and an average target price of $113.00.

Insider Buying and Selling

In related news, SVP Andy Tsong sold 2,652 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $110.00, for a total transaction of $291,720.00. Following the completion of the transaction, the senior vice president directly owned 49,752 shares in the company, valued at $5,472,720. This represents a 5.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jin Zhao sold 2,760 shares of the company’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $102.36, for a total transaction of $282,513.60. Following the transaction, the insider owned 47,220 shares of the company’s stock, valued at approximately $4,833,439.20. This represents a 5.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 29,611 shares of company stock worth $3,075,135. 1.70% of the stock is owned by company insiders.

Diodes Price Performance

Shares of NASDAQ:DIOD opened at $108.24 on Wednesday. The firm has a 50 day moving average of $88.68 and a 200-day moving average of $67.43. The stock has a market capitalization of $4.97 billion, a PE ratio of 58.83 and a beta of 1.93. The company has a current ratio of 3.17, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a 12 month low of $42.28 and a 12 month high of $117.80.

Diodes (NASDAQ:DIOD) last issued its earnings results on Thursday, May 7th. The semiconductor company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.35 by $0.08. The company had revenue of $405.47 million during the quarter, compared to analysts’ expectations of $396.33 million. Diodes had a net margin of 5.50% and a return on equity of 3.48%. The business’s revenue for the quarter was up 22.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.19 EPS. On average, equities research analysts predict that Diodes Incorporated will post 2.58 EPS 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.