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

Raymond James Financial Inc. purchased a new position in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 114,526 shares of the semiconductor company's stock, valued at approximately $7,063,000. Raymond James Financial Inc. owned 0.25% of Diodes at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Barclays PLC grew its stake in shares of Diodes by 361.1% in the 3rd quarter. Barclays PLC now owns 79,799 shares of the semiconductor company's stock valued at $5,114,000 after buying an additional 62,492 shares during the period. JPMorgan Chase & Co. boosted its stake in Diodes by 34.8% during the 3rd 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. Assenagon Asset Management S.A. acquired a new position in Diodes during the 4th quarter valued at about $3,027,000. Wedge Capital Management L L P NC boosted its stake in Diodes by 14.4% during the 4th quarter. Wedge Capital Management L L P NC now owns 66,550 shares of the semiconductor company's stock valued at $4,104,000 after purchasing an additional 8,355 shares during the last quarter. Finally, KBC Group NV boosted its stake in Diodes by 36.7% during the 4th quarter. KBC Group NV now owns 1,987 shares of the semiconductor company's stock valued at $123,000 after purchasing an additional 533 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Baird R W raised shares of Diodes from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 7th. Benchmark dropped their target price on shares of 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 dropped their target price on shares of Diodes from $63.00 to $53.00 and set a "hold" rating on the stock in a research report on Wednesday, February 12th. Finally, Robert W. Baird raised shares of Diodes from a "neutral" rating to an "outperform" rating and set a $50.00 target price on the stock in a research report on Monday, April 7th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Diodes currently has a consensus rating of "Moderate Buy" and an average target price of $56.00.

Diodes Stock Performance

Shares of NASDAQ:DIOD traded down $0.55 during mid-day trading on Tuesday, reaching $38.14. The company had a trading volume of 18,985 shares, compared to its average volume of 413,596. The company has a current ratio of 3.26, a quick ratio of 1.99 and a debt-to-equity ratio of 0.01. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 39.97 and a beta of 1.43. The company's 50-day moving average price is $43.31 and its 200-day moving average price is $54.78. Diodes Incorporated has a one year low of $32.93 and a one year high of $86.74.

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

Insider Activity at Diodes

In other news, President Gary Yu sold 2,900 shares of Diodes stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total transaction of $162,516.00. Following the completion of the sale, the president now owns 79,697 shares in the company, valued at approximately $4,466,219.88. This trade represents a 3.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Emily Yang sold 950 shares of Diodes stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total value of $53,238.00. Following the sale, the senior vice president now owns 65,107 shares of the company's stock, valued at approximately $3,648,596.28. This trade represents a 1.44 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,680 shares of company stock worth $262,267. Corporate insiders own 2.30% of the company's stock.

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.