Diodes Incorporated (NASDAQ:DIOD) Shares Sold by Park Place Capital Corp

Park Place Capital Corp reduced its position in Diodes Incorporated (NASDAQ:DIOD) by 34.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,015 shares of the semiconductor company’s stock after selling 533 shares during the period. Park Place Capital Corp’s holdings in Diodes were worth $82,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in DIOD. JPMorgan Chase & Co. lifted its stake in shares of Diodes by 23.0% in the 1st quarter. JPMorgan Chase & Co. now owns 117,862 shares of the semiconductor company’s stock valued at $10,252,000 after purchasing an additional 22,056 shares during the period. Raymond James & Associates raised its position in Diodes by 111.4% during the first quarter. Raymond James & Associates now owns 8,385 shares of the semiconductor company’s stock worth $729,000 after acquiring an additional 4,419 shares during the period. Citigroup Inc. raised its position in Diodes by 11.6% during the first quarter. Citigroup Inc. now owns 48,254 shares of the semiconductor company’s stock worth $4,198,000 after acquiring an additional 5,012 shares during the period. MetLife Investment Management LLC raised its position in Diodes by 55.6% during the first quarter. MetLife Investment Management LLC now owns 22,875 shares of the semiconductor company’s stock worth $1,990,000 after acquiring an additional 8,174 shares during the period. Finally, Rhumbline Advisers raised its position in Diodes by 4.9% during the first quarter. Rhumbline Advisers now owns 111,144 shares of the semiconductor company’s stock worth $9,668,000 after acquiring an additional 5,201 shares during the period. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on DIOD shares. TD Cowen upped their price objective on shares of Diodes from $72.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Wells Fargo & Company reduced their target price on shares of Diodes from $80.00 to $70.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 7th. Finally, Truist Financial reduced their target price on shares of Diodes from $78.00 to $67.00 and set a “hold” rating for the company in a research report on Wednesday, February 7th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Diodes has an average rating of “Hold” and a consensus price target of $72.40.

Diodes Trading Down 0.6 %

Shares of DIOD opened at $67.89 on Friday. The company has a current ratio of 3.02, a quick ratio of 2.03 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a 12-month low of $60.00 and a 12-month high of $97.37. The firm has a 50-day moving average price of $68.31 and a 200 day moving average price of $71.54. The firm has a market capitalization of $3.12 billion, a P/E ratio of 13.83 and a beta of 1.46.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. Diodes had a net margin of 13.67% and a return on equity of 12.79%. The firm had revenue of $322.70 million during the quarter, compared to analyst estimates of $324.76 million. During the same quarter in the prior year, the firm posted $1.73 earnings per share. Diodes’s quarterly revenue was down 35.0% on a year-over-year basis. Sell-side analysts forecast that Diodes Incorporated will post 2.55 EPS for the current year.

Insider Activity at Diodes

In related news, CEO Keh Shew Lu sold 1,500 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $68.06, for a total value of $102,090.00. Following the completion of the sale, the chief executive officer now owns 281,992 shares of the company’s stock, valued at $19,192,375.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Keh Shew Lu sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $68.06, for a total value of $102,090.00. Following the completion of the transaction, the chief executive officer now owns 281,992 shares of the company’s stock, valued at $19,192,375.52. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Brett R. Whitmire sold 3,400 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $67.30, for a total transaction of $228,820.00. Following the completion of the transaction, the chief financial officer now directly owns 48,265 shares of the company’s stock, valued at approximately $3,248,234.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,900 shares of company stock valued at $1,774,570. 2.20% of the stock is owned by company insiders.

Diodes Company 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.