LPL Financial LLC Has $2.76 Million Position in Diodes Incorporated (NASDAQ:DIOD)

LPL Financial LLC grew its stake in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) by 20.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,094 shares of the semiconductor company's stock after purchasing an additional 7,697 shares during the quarter. LPL Financial LLC owned approximately 0.10% of Diodes worth $2,755,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of DIOD. JPMorgan Chase & Co. lifted its stake in Diodes by 34.8% during the third quarter. JPMorgan Chase & Co. now owns 226,742 shares of the semiconductor company's stock valued at $14,532,000 after purchasing an additional 58,597 shares during the last quarter. Geode Capital Management LLC increased its position in Diodes by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,266,052 shares of the semiconductor company's stock worth $81,154,000 after purchasing an additional 43,841 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Diodes by 198.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company's stock worth $48,000 after acquiring an additional 522 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Diodes during the fourth quarter valued at about $970,000. Finally, Raymond James Financial Inc. acquired a new position in Diodes during the fourth quarter valued at approximately $7,063,000. Institutional investors own 99.23% of the company's stock.

Insiders Place Their Bets

In related news, President Gary Yu sold 2,900 shares of the firm's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction of $162,516.00. Following the sale, the president now directly owns 79,697 shares in the company, valued at $4,466,219.88. This trade represents a 3.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Brett R. Whitmire sold 830 shares of the business's 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 trade represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,680 shares of company stock worth $262,267. Corporate insiders own 2.30% of the company's stock.

Diodes Trading Down 1.3 %

Shares of Diodes stock traded down $0.46 during trading on Thursday, reaching $33.80. 50,500 shares of the company were exchanged, compared to its average volume of 542,116. The business has a 50-day moving average price of $46.07 and a 200-day moving average price of $56.42. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 35.56 and a beta of 1.43. 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 twelve month low of $32.93 and a twelve month high of $86.74.

Diodes (NASDAQ:DIOD - Get Free Report) last posted its earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 earnings per share (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%. Sell-side analysts anticipate that Diodes Incorporated will post 1.82 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on DIOD shares. 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. Benchmark lowered their price objective on Diodes from $74.00 to $65.00 and set a "buy" rating on the stock in a research 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 on the stock in a report on Wednesday, February 12th. Finally, Baird R W upgraded Diodes from a "hold" rating to a "strong-buy" rating in a research report 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. Based on data from MarketBeat.com, Diodes has a consensus rating of "Moderate Buy" and a consensus target price of $56.00.

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.