Diodes Incorporated (NASDAQ:DIOD) Shares Bought by Zions Bancorporation N.A.

Zions Bancorporation N.A. lifted its holdings in shares of Diodes Incorporated (NASDAQ:DIOD - Get Rating) by 8.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,448 shares of the semiconductor company's stock after acquiring an additional 1,413 shares during the quarter. Zions Bancorporation N.A.'s holdings in Diodes were worth $1,328,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in DIOD. Belpointe Asset Management LLC purchased a new position in Diodes in the fourth quarter valued at about $43,000. Standard Family Office LLC purchased a new stake in shares of Diodes during the third quarter valued at approximately $71,000. Quantbot Technologies LP acquired a new position in shares of Diodes during the second quarter worth $76,000. Point72 Hong Kong Ltd purchased a new position in shares of Diodes in the second quarter valued at $92,000. Finally, CWM LLC grew its holdings in Diodes by 19.1% during the 4th quarter. CWM LLC now owns 1,232 shares of the semiconductor company's stock valued at $94,000 after purchasing an additional 198 shares in the last quarter. Institutional investors and hedge funds own 96.24% of the company's stock.

NASDAQ DIOD traded up $2.28 during trading hours on Thursday, hitting $89.65. The company had a trading volume of 28,745 shares, compared to its average volume of 202,145. The company has a quick ratio of 2.00, a current ratio of 2.87 and a debt-to-equity ratio of 0.05. The firm has a market cap of $4.10 billion, a P/E ratio of 12.19 and a beta of 1.48. Diodes Incorporated has a fifty-two week low of $58.52 and a fifty-two week high of $97.45. The business has a fifty day simple moving average of $86.95 and a 200-day simple moving average of $86.82.

Diodes (NASDAQ:DIOD - Get Rating) last released its quarterly earnings data on Tuesday, May 9th. The semiconductor company reported $1.59 earnings per share for the quarter, topping analysts' consensus estimates of $1.46 by $0.13. Diodes had a net margin of 16.61% and a return on equity of 21.67%. The business had revenue of $467.24 million for the quarter, compared to analysts' expectations of $467.03 million. During the same quarter last year, the company earned $1.75 EPS. The company's revenue for the quarter was down 3.1% compared to the same quarter last year. Equities analysts predict that Diodes Incorporated will post 6.39 EPS for the current year.

DIOD has been the subject of several recent analyst reports. Wells Fargo & Company lowered their target price on Diodes from $95.00 to $85.00 in a research note on Wednesday, May 10th. Benchmark lifted their price target on shares of Diodes from $90.00 to $105.00 and gave the stock a "buy" rating in a research note on Thursday, February 9th. Robert W. Baird lifted their price target on Diodes from $100.00 to $120.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 7th. Cowen upped their price objective on Diodes from $95.00 to $110.00 and gave the company an "outperform" rating in a research note on Tuesday, February 7th. Finally, StockNews.com initiated coverage on Diodes in a report on Thursday, May 18th. They issued a "buy" rating for the company. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $103.83.

In other Diodes news, CEO Keh Shew Lu sold 3,683 shares of the business's stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $95.74, for a total transaction of $352,610.42. Following the completion of the transaction, the chief executive officer now owns 6,000 shares in the company, valued at approximately $574,440. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Diodes news, Director Michael R. Giordano sold 10,000 shares of the stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $90.00, for a total transaction of $900,000.00. Following the completion of the transaction, the director now directly owns 78,971 shares of the company's stock, valued at approximately $7,107,390. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Keh Shew Lu sold 3,683 shares of the business's stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $95.74, for a total value of $352,610.42. Following the completion of the sale, the chief executive officer now directly owns 6,000 shares in the company, valued at approximately $574,440. The disclosure for this sale can be found here. Insiders have sold a total of 52,050 shares of company stock worth $4,855,991 in the last three months. 2.20% of the stock is owned by company insiders.

Diodes, Inc manufactures and supplies application-specific standard products within the broad discrete, logic, analog, and mixed-signal semiconductor markets. The firm offers diodes, rectifiers, transistors, MOSFETs, protection devices, functional specific arrays, single gate, dual gate and standard logic, amplifiers and comparators, Hall-effect, and temperature sensors.

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