Raymond James Financial Inc. Takes Position in Diodes Incorporated (NASDAQ:DIOD)

Raymond James Financial Inc. purchased a new stake in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 114,526 shares of the semiconductor company's stock, valued at approximately $7,063,000. Raymond James Financial Inc. owned about 0.25% of Diodes at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in DIOD. Truvestments Capital LLC acquired a new stake in Diodes in the third quarter valued at approximately $29,000. Smartleaf Asset Management LLC lifted its stake in shares of Diodes by 198.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company's stock valued at $48,000 after purchasing an additional 522 shares during the last quarter. KBC Group NV boosted its holdings in Diodes by 36.7% in the fourth quarter. KBC Group NV now owns 1,987 shares of the semiconductor company's stock worth $123,000 after purchasing an additional 533 shares in the last quarter. Quest Partners LLC acquired a new position in Diodes during the third quarter worth $184,000. Finally, Verdence Capital Advisors LLC acquired a new position in Diodes during the fourth quarter worth $250,000. Institutional investors own 99.23% of the company's stock.

Insider Buying and Selling

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 sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Gary Yu sold 2,900 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 transaction of $162,516.00. Following the sale, the president now owns 79,697 shares in the company, valued at $4,466,219.88. This represents a 3.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,680 shares of company stock valued at $262,267. 2.30% of the stock is owned by company insiders.

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Diodes Stock Performance

Diodes stock traded down $0.29 on Thursday, reaching $46.23. 304,826 shares of the stock were exchanged, compared to its average volume of 378,538. The company has a current ratio of 3.26, a quick ratio of 1.99 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a twelve month low of $44.24 and a twelve month high of $86.74. The firm has a fifty day moving average price of $53.15 and a two-hundred day moving average price of $59.01. The stock has a market cap of $2.14 billion, a PE ratio of 48.66 and a beta of 1.31.

Diodes (NASDAQ:DIOD - Get Free Report) last announced its 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 net margin of 3.36% and a return on equity of 3.28%. Sell-side analysts anticipate that Diodes Incorporated will post 1.82 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on DIOD. Truist Financial reduced their price target on Diodes from $63.00 to $53.00 and set a "hold" rating for the company in a research report on Wednesday, February 12th. Benchmark reduced their target price on Diodes from $74.00 to $65.00 and set a "buy" rating for the company in a report on Wednesday, February 12th.

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.