First Hawaiian Bank Takes Position in Diodes Incorporated (NASDAQ:DIOD)

First Hawaiian Bank bought a new stake in shares of Diodes Incorporated (NASDAQ:DIOD) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 8,443 shares of the semiconductor company’s stock, valued at approximately $607,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC bought a new position in Diodes in the fourth quarter worth $30,000. EntryPoint Capital LLC bought a new position in shares of Diodes during the 1st quarter worth approximately $40,000. Riverview Trust Co bought a new stake in Diodes in the first quarter valued at $51,000. Principal Securities Inc. acquired a new stake in shares of Diodes in the 4th quarter valued at $74,000. Finally, NBC Securities Inc. grew its holdings in shares of Diodes by 62.3% in the 1st quarter. NBC Securities Inc. now owns 1,227 shares of the semiconductor company’s stock worth $86,000 after purchasing an additional 471 shares during the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

Diodes Stock Down 5.8 %

Shares of NASDAQ DIOD traded down $3.84 during mid-day trading on Monday, reaching $62.88. 1,310,926 shares of the company’s stock were exchanged, compared to its average volume of 340,810. Diodes Incorporated has a twelve month low of $60.00 and a twelve month high of $87.68. The company has a current ratio of 3.18, a quick ratio of 2.05 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of 17.10 and a beta of 1.35. The business has a fifty day simple moving average of $75.48 and a 200 day simple moving average of $71.70.

Diodes (NASDAQ:DIOD) last released its quarterly earnings results on Thursday, May 9th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. Diodes had a return on equity of 9.11% and a net margin of 11.36%. The firm had revenue of $301.90 million for the quarter, compared to the consensus estimate of $305.47 million. During the same quarter last year, the business posted $1.59 EPS. The company’s revenue for the quarter was down 35.4% on a year-over-year basis. As a group, equities analysts expect that Diodes Incorporated will post 1.8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Robert W. Baird boosted their price target on shares of Diodes from $56.00 to $72.00 and gave the company a “neutral” rating in a research report on Friday, May 10th. Truist Financial increased their price target on Diodes from $67.00 to $74.00 and gave the stock a “hold” rating in a research report on Friday, May 10th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $74.20.

Insider Transactions at Diodes

In other Diodes news, Director Peter M. Menard sold 630 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $71.96, for a total transaction of $45,334.80. Following the transaction, the director now owns 18,050 shares of the company’s stock, valued at approximately $1,298,878. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Peter M. Menard sold 630 shares of Diodes stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $71.96, for a total value of $45,334.80. Following the completion of the transaction, the director now owns 18,050 shares of the company’s stock, valued at approximately $1,298,878. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Keh Shew Lu sold 15,000 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $75.30, for a total transaction of $1,129,500.00. Following the completion of the sale, the chief executive officer now directly owns 87,331 shares in the company, valued at $6,576,024.30. The disclosure for this sale can be found here. Insiders sold a total of 30,630 shares of company stock worth $2,272,715 in the last three months. Insiders own 2.30% of the company’s stock.

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.