2 weeks Ago By Defense World Staff
Bank of Montreal Can lifted its stake in Diodes Incorporated (NASDAQ:DIOD – Free Report) by 8.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,100 shares of the semiconductor company’s stock after purchasing an additional 476 shares during the quarter.
Bank of Montreal Can’s holdings in Diodes were worth $376,000 at the end of the most recent reporting period. Other hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its stake in shares of Diodes by 198.
5% during the fourth quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company’s stock valued at $48,000 after buying an additional 522 shares during the period. Quantbot Technologies LP acquired a new stake in Diodes during the fourth quarter worth about $79,000.
KBC Group NV lifted its holdings in Diodes by 36.7% in the 4th quarter. KBC Group NV now owns 1,987 shares of the semiconductor company’s stock valued at $123,000 after purchasing an additional 533 shares in the last quarter.
Xponance Inc. acquired a new stake in shares of Diodes in the fourth quarter valued at approximately $203,000. Finally, Verdence Capital Advisors LLC acquired a new stake in Diodes during the fourth quarter worth about $250,000.
Institutional investors own 99.23% of the company’s stock. Diodes Stock PerformanceShares of DIOD opened at $35.
67 on Wednesday. The company has a quick ratio of 1.99, a current ratio of 3.
26 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average price of $44.
67 and a 200 day moving average price of $55.57. The company has a market capitalization of $1.
66 billion, a price-to-earnings ratio of 37.55 and a beta of 1.43.
Diodes Incorporated has a 52-week low of $32.93 and a 52-week high of $86.74.
Diodes (NASDAQ:DIOD – Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.
54 by ($0.27). Diodes had a return on equity of 3.
28% and a net margin of 3.36%. Research analysts predict that Diodes Incorporated will post 1.
82 EPS for the current fiscal year. Insider Activity at DiodesIn other news, SVP Emily Yang sold 950 shares of Diodes stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $56.
04, for a total value of $53,238.00. Following the completion of the sale, the senior vice president now owns 65,107 shares of the company’s stock, valued at $3,648,596.
28. The trade was a 1.44 % decrease in their ownership of the stock.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brett R. Whitmire sold 830 shares of Diodes stock in a transaction on Tuesday, February 4th.
The shares were sold at an average price of $56.04, for a total transaction of $46,513.20.
Following the completion of the transaction, the chief financial officer now owns 51,525 shares in the company, valued at approximately $2,887,461. This trade represents a 1.59 % decrease in their position.
The disclosure for this sale can be found here. Insiders sold 4,680 shares of company stock valued at $262,267 in the last ninety days. Corporate insiders own 2.
30% of the company’s stock. Wall Street Analyst Weigh InDIOD has been the subject of a number of research reports. Benchmark dropped their price objective on shares of Diodes from $74.
00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Truist Financial lowered their price target on shares of Diodes from $63.
00 to $53.00 and set a “hold” rating for the company in a report on Wednesday, February 12th. Robert W.
Baird upgraded shares of Diodes from a “neutral” rating to an “outperform” rating and set a $50.00 price objective on the stock in a report on Monday, April 7th. Finally, Baird R W upgraded shares of Diodes from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 7th.
Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $56.
00.Check Out Our Latest Report on DiodesAbout Diodes (Free Report)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.
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