Allspring Global Investments Holdings LLC Boosts Stock Holdings in Diodes Incorporated (NASDAQ:DIOD)

Allspring Global Investments Holdings LLC increased its stake in Diodes Incorporated (NASDAQ:DIOD - Free Report) by 50.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 257,633 shares of the semiconductor company's stock after purchasing an additional 85,943 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.56% of Diodes worth $15,795,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Truvestments Capital LLC bought a new stake in shares of Diodes in the third quarter worth about $29,000. KBC Group NV increased its holdings in shares of Diodes by 33.9% in the third quarter. KBC Group NV now owns 1,454 shares of the semiconductor company's stock worth $93,000 after purchasing an additional 368 shares during the last quarter. Quest Partners LLC bought a new stake in shares of Diodes in the third quarter worth about $184,000. EP Wealth Advisors LLC purchased a new position in Diodes in the third quarter worth about $260,000. Finally, Blue Trust Inc. grew its position in Diodes by 11.8% in the third quarter. Blue Trust Inc. now owns 4,817 shares of the semiconductor company's stock worth $309,000 after acquiring an additional 510 shares in the last quarter. 99.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on DIOD. Benchmark dropped their target price on Diodes from $74.00 to $65.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. StockNews.com raised shares of Diodes from a "sell" rating to a "hold" rating in a research note on Monday, November 11th. Finally, Truist Financial decreased their price target on shares of Diodes from $63.00 to $53.00 and set a "hold" rating for the company in a research note on Wednesday, February 12th.

Diodes Stock Performance

Shares of DIOD traded down $0.16 during trading hours on Thursday, reaching $56.95. 375,588 shares of the company traded hands, compared to its average volume of 474,833. The stock has a market capitalization of $2.64 billion, a P/E ratio of 59.95 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 Incorporated has a 12-month low of $50.26 and a 12-month high of $86.74. The business has a fifty day moving average price of $60.22 and a 200-day moving average price of $61.94.

Diodes (NASDAQ:DIOD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.27). Diodes had a net margin of 3.36% and a return on equity of 3.28%. Equities analysts anticipate that Diodes Incorporated will post 1.82 EPS for the current fiscal year.

Insider Transactions at Diodes

In other Diodes news, CFO Brett R. Whitmire sold 830 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total value of $46,513.20. Following the completion of the sale, the chief financial officer now owns 51,525 shares in the company, valued at approximately $2,887,461. This represents a 1.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Emily Yang sold 950 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction 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 approximately $3,648,596.28. The trade was a 1.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,680 shares of company stock valued at $262,267 in the last ninety days. 2.30% of the stock is currently owned by corporate insiders.

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.