Diodes Incorporated $DIOD Shares Sold by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund reduced its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 78.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 12,286 shares of the semiconductor company’s stock after selling 43,503 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Diodes were worth $839,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. AQR Capital Management LLC boosted its stake in Diodes by 12.4% during the 1st quarter. AQR Capital Management LLC now owns 6,028 shares of the semiconductor company’s stock valued at $260,000 after acquiring an additional 663 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Diodes by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,148 shares of the semiconductor company’s stock worth $1,172,000 after acquiring an additional 1,186 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Diodes by 13.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 391,005 shares of the semiconductor company’s stock worth $16,880,000 after purchasing an additional 47,500 shares during the last quarter. Woodline Partners LP bought a new stake in shares of Diodes in the 1st quarter worth about $559,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Diodes by 6.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 104,719 shares of the semiconductor company’s stock valued at $4,521,000 after purchasing an additional 6,708 shares in the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

Insider Activity

In other news, CTO Francis Tang sold 15,330 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $112.04, for a total transaction of $1,717,573.20. Following the completion of the transaction, the chief technology officer directly owned 71,438 shares of the company’s stock, valued at approximately $8,003,913.52. This represents a 17.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Andy Tsong sold 1,582 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $106.95, for a total value of $169,194.90. Following the transaction, the senior vice president directly owned 48,170 shares of the company’s stock, valued at $5,151,781.50. This trade represents a 3.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 70,981 shares of company stock valued at $7,616,906 over the last quarter. Corporate insiders own 1.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on DIOD. Truist Financial lifted their price target on Diodes from $98.00 to $139.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Robert W. Baird set a $120.00 price objective on Diodes in a research note on Friday, May 8th. Zacks Research downgraded Diodes from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Diodes in a research report on Wednesday, July 15th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $113.00.

Diodes Price Performance

Shares of NASDAQ:DIOD opened at $82.32 on Monday. The company’s fifty day moving average is $100.95 and its two-hundred day moving average is $84.90. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 3.17. Diodes Incorporated has a 1-year low of $42.28 and a 1-year high of $125.99. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 44.74 and a beta of 1.91.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.35 by $0.08. Diodes had a net margin of 5.50% and a return on equity of 3.48%. The business had revenue of $405.47 million during the quarter, compared to analyst estimates of $396.33 million. During the same period in the previous year, the business posted $0.19 EPS. The company’s quarterly revenue was up 22.1% on a year-over-year basis. Equities analysts anticipate that Diodes Incorporated will post 2.58 EPS for the current year.

Diodes Profile

Diodes Incorporated (NASDAQ: DIOD) is a global manufacturer and supplier of high?performance discrete, logic, analog and mixed?signal semiconductor products. Headquartered in Plano, Texas, the company designs and develops a broad range of discrete components, standard logic functions, power management circuits, interface products and array products. Its portfolio includes rectifiers, MOSFETs, general?purpose diodes, voltage regulators, comparators, buffers and other building blocks for electronic systems.

Diodes Incorporated serves a variety of end markets such as automotive, computing, communications, consumer electronics, industrial and lighting.