Zions Bancorporation N.A. Acquires 6,523 Shares of Diodes Incorporated (NASDAQ:DIOD)

Zions Bancorporation N.A. boosted its stake in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) by 23.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,451 shares of the semiconductor company's stock after acquiring an additional 6,523 shares during the quarter. Zions Bancorporation N.A. owned 0.07% of Diodes worth $2,125,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Truvestments Capital LLC bought a new position in Diodes during the 3rd quarter valued at about $29,000. Smartleaf Asset Management LLC raised its stake in shares of Diodes by 198.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company's stock valued at $48,000 after acquiring an additional 522 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Diodes in the 4th quarter worth approximately $79,000. KBC Group NV boosted its holdings in shares of Diodes by 36.7% in the 4th quarter. KBC Group NV now owns 1,987 shares of the semiconductor company's stock worth $123,000 after acquiring an additional 533 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in Diodes during the 3rd quarter worth approximately $184,000. 99.23% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, SVP Emily Yang sold 950 shares of the company's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total transaction of $53,238.00. Following the sale, the senior vice president now owns 65,107 shares in the company, valued at approximately $3,648,596.28. This represents a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Gary Yu sold 2,900 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total value of $162,516.00. Following the completion of 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. Over the last three months, insiders sold 4,680 shares of company stock worth $262,267. 2.30% of the stock is owned by corporate insiders.

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Analyst Upgrades and Downgrades

Several equities analysts have issued reports on DIOD shares. Benchmark cut their price objective on Diodes from $74.00 to $65.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. Truist Financial cut their target price 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 6.3 %

Shares of Diodes stock traded down $2.91 during trading hours on Friday, hitting $43.32. The company's stock had a trading volume of 307,853 shares, compared to its average volume of 390,355. Diodes Incorporated has a 12 month low of $42.93 and a 12 month high of $86.74. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.26 and a quick ratio of 1.99. The company has a market capitalization of $2.01 billion, a PE ratio of 45.60 and a beta of 1.31. The stock has a 50 day moving average of $52.52 and a 200 day moving average of $58.78.

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 analysts' consensus estimates of $0.54 by ($0.27). Diodes had a return on equity of 3.28% and a net margin of 3.36%. Analysts predict that Diodes Incorporated will post 1.82 earnings per share for the current year.

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.