Diodes Incorporated (NASDAQ:DIOD) Stock Holdings Lessened by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its stake in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) by 42.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 316,938 shares of the semiconductor company's stock after selling 229,981 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.68% of Diodes worth $19,546,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. KBC Group NV increased its position in Diodes by 33.9% during the 3rd quarter. KBC Group NV now owns 1,454 shares of the semiconductor company's stock worth $93,000 after purchasing an additional 368 shares in the last quarter. Sanctuary Advisors LLC increased its position in Diodes by 6.4% during the 4th quarter. Sanctuary Advisors LLC now owns 7,087 shares of the semiconductor company's stock worth $414,000 after purchasing an additional 425 shares in the last quarter. Truvestments Capital LLC acquired a new stake in Diodes in the 3rd quarter worth about $29,000. The Manufacturers Life Insurance Company boosted its stake in Diodes by 2.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 25,799 shares of the semiconductor company's stock worth $1,653,000 after buying an additional 649 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in Diodes by 0.6% in the 4th quarter. Rhumbline Advisers now owns 138,468 shares of the semiconductor company's stock worth $8,539,000 after buying an additional 838 shares during the last quarter. Hedge funds and other institutional investors own 99.23% of the company's stock.

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Insiders Place Their Bets

In other news, CFO Brett R. Whitmire sold 830 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The stock was 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 directly owns 51,525 shares in the company, valued at approximately $2,887,461. The trade was a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Gary Yu sold 2,900 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total value of $162,516.00. Following the transaction, the president now owns 79,697 shares of the company's stock, valued at approximately $4,466,219.88. This represents a 3.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,680 shares of company stock worth $262,267 in the last three months. 2.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Benchmark decreased their price target on Diodes from $74.00 to $65.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th. Truist Financial decreased their price target on Diodes from $63.00 to $53.00 and set a "hold" rating on the stock in a research note on Wednesday, February 12th.

Diodes Trading Down 2.9 %

Shares of NASDAQ DIOD traded down $1.35 during midday trading on Thursday, hitting $45.94. The stock had a trading volume of 501,822 shares, compared to its average volume of 497,273. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 48.36 and a beta of 1.31. Diodes Incorporated has a 1-year low of $44.24 and a 1-year high of $86.74. 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 company has a fifty day moving average price of $56.42 and a 200 day moving average price of $60.41.

Diodes (NASDAQ:DIOD - Get Free Report) last released 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 return on equity of 3.28% and a net margin of 3.36%. On average, analysts predict that Diodes Incorporated will post 1.82 earnings per share for the current year.

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.