Zions Bancorporation N.A. Increases Stock Position in Diodes Incorporated (NASDAQ:DIOD)

Zions Bancorporation N.A. grew its position in shares of Diodes Incorporated (NASDAQ:DIOD) by 23.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,451 shares of the semiconductor company’s stock after purchasing an additional 6,523 shares during the quarter. Zions Bancorporation N.A. owned approximately 0.07% of Diodes worth $2,125,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in DIOD. JPMorgan Chase & Co. boosted its stake in Diodes by 34.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 226,742 shares of the semiconductor company’s stock worth $14,532,000 after purchasing an additional 58,597 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Diodes by 5.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 626,106 shares of the semiconductor company’s stock worth $40,127,000 after buying an additional 31,089 shares during the period. Geode Capital Management LLC grew its holdings in shares of Diodes by 3.6% during the third quarter. Geode Capital Management LLC now owns 1,266,052 shares of the semiconductor company’s stock worth $81,154,000 after buying an additional 43,841 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Diodes by 198.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company’s stock valued at $48,000 after acquiring an additional 522 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in Diodes during the 4th quarter worth approximately $970,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

Insider Activity at Diodes

In related news, President Gary Yu sold 2,900 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total value of $162,516.00. Following the sale, the president now directly owns 79,697 shares in the company, valued at $4,466,219.88. This trade represents a 3.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brett R. Whitmire sold 830 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total value of $46,513.20. Following the transaction, the chief financial officer now directly owns 51,525 shares in the company, valued at $2,887,461. This trade represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,680 shares of company stock valued at $262,267 in the last quarter. Insiders own 2.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on DIOD. Benchmark reduced their target price on shares of Diodes from $74.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Truist Financial lowered their price objective on Diodes from $63.00 to $53.00 and set a “hold” rating on the stock in a report on Wednesday, February 12th.

Diodes Stock Down 0.2 %

Shares of DIOD opened at $46.83 on Wednesday. Diodes Incorporated has a fifty-two week low of $44.24 and a fifty-two week high of $86.74. The company’s fifty day moving average is $53.43 and its two-hundred day moving average is $59.10. The firm has a market cap of $2.17 billion, a PE ratio of 49.29 and a beta of 1.31. The company has a quick ratio of 1.99, a current ratio of 3.26 and a debt-to-equity ratio of 0.01.

Diodes (NASDAQ:DIOD) last posted its earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.27). Diodes had a return on equity of 3.28% and a net margin of 3.36%. Analysts forecast that Diodes Incorporated will post 1.82 earnings per share for the current year.

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.