CX Institutional Buys 7,405 Shares of Diodes Incorporated (NASDAQ:DIOD)

CX Institutional raised its holdings in Diodes Incorporated (NASDAQ:DIODGet Rating) by 79.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,669 shares of the semiconductor company’s stock after purchasing an additional 7,405 shares during the period. CX Institutional’s holdings in Diodes were worth $1,082,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Truvestments Capital LLC bought a new stake in Diodes in the 2nd quarter valued at about $36,000. Riverview Trust Co bought a new stake in Diodes in the 3rd quarter valued at about $47,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Diodes by 49.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 790 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 260 shares during the period. CWM LLC boosted its holdings in Diodes by 132.9% in the 3rd quarter. CWM LLC now owns 1,034 shares of the semiconductor company’s stock valued at $67,000 after purchasing an additional 590 shares during the period. Finally, Wipfli Financial Advisors LLC bought a new stake in Diodes in the 3rd quarter valued at about $70,000. Institutional investors own 96.24% of the company’s stock.

Diodes Price Performance

DIOD stock opened at $88.05 on Wednesday. The company has a 50 day simple moving average of $84.08 and a 200 day simple moving average of $76.77. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 13.24 and a beta of 1.41. Diodes Incorporated has a 1 year low of $58.52 and a 1 year high of $98.96. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.50 and a quick ratio of 1.76.

Diodes (NASDAQ:DIODGet Rating) last released its quarterly earnings data on Monday, November 7th. The semiconductor company reported $2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.14. The business had revenue of $521.27 million during the quarter, compared to analysts’ expectations of $521.10 million. Diodes had a net margin of 15.36% and a return on equity of 24.01%. Research analysts anticipate that Diodes Incorporated will post 7.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Evan Yu sold 6,933 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $88.50, for a total transaction of $613,570.50. Following the completion of the transaction, the senior vice president now directly owns 55,900 shares in the company, valued at approximately $4,947,150. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Diodes news, CEO Keh Shew Lu sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 30th. The shares were sold at an average price of $91.38, for a total value of $731,040.00. Following the completion of the transaction, the chief executive officer now directly owns 154,988 shares in the company, valued at approximately $14,162,803.44. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Evan Yu sold 6,933 shares of the company’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $88.50, for a total transaction of $613,570.50. Following the completion of the transaction, the senior vice president now owns 55,900 shares of the company’s stock, valued at $4,947,150. The disclosure for this sale can be found here. Insiders sold a total of 58,047 shares of company stock worth $5,062,509 in the last three months. 2.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on DIOD shares. StockNews.com downgraded shares of Diodes from a “buy” rating to a “hold” rating in a report on Thursday, January 5th. Benchmark cut their price target on shares of Diodes from $105.00 to $90.00 and set a “buy” rating for the company in a report on Tuesday, November 8th. Truist Financial upped their price target on shares of Diodes from $97.00 to $101.00 and gave the stock a “buy” rating in a report on Monday. Wells Fargo & Company upped their price target on shares of Diodes from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 8th. Finally, Robert W. Baird cut their price target on shares of Diodes from $130.00 to $100.00 in a report on Tuesday, November 8th.

Diodes Profile

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Diodes, Inc manufactures and supplies semiconductor products. It offers diodes, rectifiers, transistors, MOSFETs, protection devices, functional specific arrays, single gate, dual gate and standard logic, amplifiers and comparators, Hall-effect and temperature sensors. The firm operates through the following geographical segments: Asia, North America, and Europe.

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Institutional Ownership by Quarter for Diodes (NASDAQ:DIOD)

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