Diodes Incorporated (NASDAQ:DIOD) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System trimmed its stake in shares of Diodes Incorporated (NASDAQ:DIOD) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,696 shares of the semiconductor company’s stock after selling 155 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Diodes were worth $1,344,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC acquired a new stake in Diodes during the fourth quarter valued at approximately $30,000. NBC Securities Inc. acquired a new stake in shares of Diodes during the third quarter worth $59,000. Meeder Asset Management Inc. bought a new position in shares of Diodes in the 4th quarter worth about $143,000. Signaturefd LLC boosted its holdings in shares of Diodes by 9.0% in the 3rd quarter. Signaturefd LLC now owns 2,018 shares of the semiconductor company’s stock valued at $159,000 after buying an additional 167 shares during the period. Finally, Mendota Financial Group LLC grew its holdings in shares of Diodes by 8.5% during the fourth quarter. Mendota Financial Group LLC now owns 2,039 shares of the semiconductor company’s stock valued at $164,000 after purchasing an additional 160 shares during the last quarter. Institutional investors own 99.23% of the company’s stock.

Diodes Trading Down 2.5 %

Shares of NASDAQ:DIOD opened at $74.56 on Thursday. The company has a 50 day moving average of $69.58 and a 200-day moving average of $70.42. The company has a current ratio of 3.02, a quick ratio of 2.03 and a debt-to-equity ratio of 0.01. The firm has a market cap of $3.44 billion, a P/E ratio of 15.19 and a beta of 1.44. Diodes Incorporated has a twelve month low of $60.00 and a twelve month high of $97.37.

Diodes (NASDAQ:DIOD) last released its earnings results on Tuesday, February 6th. The semiconductor company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. Diodes had a return on equity of 12.79% and a net margin of 13.67%. The firm had revenue of $322.70 million during the quarter, compared to the consensus estimate of $324.76 million. During the same period in the prior year, the firm posted $1.73 earnings per share. The firm’s revenue for the quarter was down 35.0% compared to the same quarter last year. As a group, analysts anticipate that Diodes Incorporated will post 2.55 earnings per share for the current fiscal year.

Insider Activity

In other Diodes news, CEO Keh Shew Lu sold 1,500 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $68.06, for a total value of $102,090.00. Following the completion of the sale, the chief executive officer now directly owns 281,992 shares of the company’s stock, valued at approximately $19,192,375.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Diodes news, CEO Keh Shew Lu sold 1,500 shares of the company’s stock in a transaction on 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 owns 281,992 shares of the company’s stock, valued at $19,192,375.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Brett R. Whitmire sold 3,400 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $67.30, for a total value of $228,820.00. Following the sale, the chief financial officer now directly owns 48,265 shares of the company’s stock, valued at $3,248,234.50. The disclosure for this sale can be found here. Insiders sold a total of 25,900 shares of company stock worth $1,774,570 over the last 90 days. 2.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

DIOD has been the subject of a number of recent research reports. TD Cowen upped their price objective on Diodes from $72.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Wells Fargo & Company cut their price objective on shares of Diodes from $80.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 7th. Finally, Truist Financial decreased their target price on shares of Diodes from $78.00 to $67.00 and set a “hold” rating for the company in a research 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. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $72.40.

About Diodes

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.