Mutual of America Capital Management LLC increased its holdings of Diodes Incorporated (NASDAQ: DIOD – Get Rating) stock by 5.5% in the first quarter, HoldingsChannel reports. The fund held 6,487 shares of the semiconductor company after buying 337 additional shares during the quarter. Mutual of America Capital Management LLC’s holdings in Diodes were worth $564,000 when it last filed with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently changed their DIOD holdings. Allspring Global Investments Holdings LLC purchased a new stake in Diodes stock during Q4 for $43,596,000. Congress Wealth Management LLC DE purchased a new equity stake in Diodes during Q4 for $18,360,000. Fuller & Thaler Asset Management Inc. increased its position in Diodes shares by 83.0% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 285,800 shares of the semiconductor company valued at $31,384,000 after acquiring an additional 129,583 shares during the period. Earnest Partners LLC increased its position in Diodes shares by 14.0% during the 4th quarter. Earnest Partners LLC now owns 1,043,545 shares of the semiconductor company valued at $114,592,000 after acquiring an additional 128,065 shares during the period. Finally, Great Lakes Advisors LLC increased its position in Diodes shares by 3,514.9% during the 4th quarter. Great Lakes Advisors LLC now owns 109,459 shares of the semiconductor company valued at $12,020,000 after acquiring an additional 106,431 shares during the period. Institutional investors hold 93.74% of the company’s shares.
A Wall Street analyst gives his opinion
Several research firms have recently weighed in on DIOD. Wells Fargo & Company lowered its price target on Diodes stock from $85.00 to $65.00 and set an “equal weight” rating on the stock in a Monday, July 11 research note. Truist Financial lowered its target price on Diodes shares from $125.00 to $97.00 in a Friday, April 8 research note.
Insiders place their bets
In other Diodes news, Chief Financial Officer Brett R. Whitmire sold 600 shares of the company in a trade on Tuesday, July 5. The shares were sold at an average price of $60.00, for a total value of $36,000.00. Following the sale, the CFO now owns 27,125 shares of the company, valued at approximately $1,627,500. The sale was disclosed in a filing with the SEC, accessible via the SEC’s website. Company insiders own 2.60% of the company’s shares.
Diode stock down to 0.0%
DIOD opened at $81.37 on Friday. The company has a debt ratio of 0.14, a quick ratio of 1.69 and a current ratio of 2.49. Diodes Incorporated has a fifty-two week low of $58.52 and a fifty-two week high of $113.98. The company’s fifty-day moving average is $70.20 and its 200-day moving average is $79.05. The stock has a market capitalization of $3.68 billion, a price-earnings ratio of 14.18 and a beta of 1.22.
Diodes (NASDAQ:DIOD – Get Rating) last reported quarterly results on Wednesday, May 4. The semiconductor company reported EPS of $1.75 for the quarter, beating the consensus estimate of $1.55 by $0.20. The company posted revenue of $482.10 million for the quarter, compared to $480.45 million expected by analysts. Diodes had a net margin of 13.98% and a return on equity of 21.94%. The company’s quarterly revenue increased by 16.7% compared to the same quarter last year. In the same quarter of the previous year, the company achieved EPS of $0.93. On average, sell-side analysts expect Diodes Incorporated to post earnings per share of 6.93 for the current fiscal year.
Diodes company profile
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Diodes Incorporated designs, manufactures and supplies standard products specific to applications in the global discrete, logic, analog and mixed-signal semiconductor markets. It focuses on low pin count semiconductor devices with one or more active or passive components. The company offers discrete semiconductor products, such as MOSFETs, TVS, and high-performance Schottky rectifiers; GPP bridges and retifiers and high-performance Schottky diodes; Zener diodes and Zener performance including tight tolerance and low operating current type; standard, fast, super-fast and super-fast recovery straighteners; bridge rectifiers; switching diodes; small-signal bipolar and prepolarized transistors; thyristor surge protection devices; and transient voltage suppressors.
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