Allspring Global Investments Holdings LLC Sells 50,886 Shares of Diodes Incorporated (NASDAQ:DIOD)

Allspring Global Investments Holdings LLC reduced its holdings in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) by 22.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 171,690 shares of the semiconductor company's stock after selling 50,886 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.37% of Diodes worth $11,004,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of Diodes by 66.5% during the 2nd quarter. GAMMA Investing LLC now owns 453 shares of the semiconductor company's stock valued at $33,000 after buying an additional 181 shares during the period. EntryPoint Capital LLC acquired a new position in shares of Diodes during the first quarter valued at $40,000. Innealta Capital LLC bought a new position in shares of Diodes during the second quarter worth about $88,000. EMC Capital Management lifted its position in Diodes by 25.8% in the 1st quarter. EMC Capital Management now owns 1,632 shares of the semiconductor company's stock valued at $115,000 after purchasing an additional 335 shares during the last quarter. Finally, Hantz Financial Services Inc. bought a new position in Diodes in the 2nd quarter worth about $147,000. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Brett R. Whitmire sold 1,900 shares of the business's stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $69.99, for a total value of $132,981.00. Following the sale, the chief financial officer now directly owns 46,365 shares of the company's stock, valued at approximately $3,245,086.35. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Brett R. Whitmire sold 1,900 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $69.99, for a total transaction of $132,981.00. Following the completion of the transaction, the chief financial officer now directly owns 46,365 shares in the company, valued at $3,245,086.35. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Emily Yang sold 1,000 shares of the company's stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $70.48, for a total value of $70,480.00. Following the sale, the senior vice president now owns 59,820 shares in the company, valued at $4,216,113.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 24,182 shares of company stock valued at $1,640,921. 2.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on DIOD. StockNews.com cut shares of Diodes from a "hold" rating to a "sell" rating in a research report on Wednesday, August 21st. Truist Financial lowered their price objective on shares of Diodes from $74.00 to $69.00 and set a "hold" rating on the stock in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $73.20.

Diodes Trading Up 0.2 %

Shares of DIOD stock traded up $0.12 on Friday, reaching $64.66. 232,647 shares of the stock were exchanged, compared to its average volume of 345,060. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.38 and a quick ratio of 2.10. Diodes Incorporated has a one year low of $58.50 and a one year high of $86.74. The stock has a market cap of $2.98 billion, a PE ratio of 17.62 and a beta of 1.32. The stock has a 50 day moving average price of $63.90 and a 200 day moving average price of $69.70.

Diodes (NASDAQ:DIOD - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The semiconductor company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.30 by $0.03. Diodes had a return on equity of 5.76% and a net margin of 7.12%. The business had revenue of $319.80 million during the quarter, compared to the consensus estimate of $316.12 million. During the same quarter in the prior year, the company posted $1.59 earnings per share. The firm's revenue was down 31.5% on a year-over-year basis. Equities research analysts forecast that Diodes Incorporated will post 1.55 EPS for the current fiscal year.

Diodes Company 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.