Legal & General Group Plc Has $7.96 Million Stock Holdings in Diodes Incorporated (NASDAQ:DIOD)

Legal & General Group Plc cut its stake in Diodes Incorporated (NASDAQ:DIOD) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 129,021 shares of the semiconductor company’s stock after selling 4,235 shares during the period. Legal & General Group Plc’s holdings in Diodes were worth $7,957,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in Diodes by 34.8% in the third quarter. JPMorgan Chase & Co. now owns 226,742 shares of the semiconductor company’s stock valued at $14,532,000 after buying an additional 58,597 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Diodes by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,266,052 shares of the semiconductor company’s stock worth $81,154,000 after buying an additional 43,841 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Diodes by 198.5% in the 4th 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 in the last quarter. Proficio Capital Partners LLC bought a new position in Diodes during the fourth quarter worth $970,000. Finally, Vanguard Group Inc. grew its holdings in Diodes by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 5,910,766 shares of the semiconductor company’s stock worth $364,517,000 after purchasing an additional 102,263 shares during the period. Institutional investors own 99.23% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Robert W. Baird upgraded Diodes from a “neutral” rating to an “outperform” rating and set a $50.00 target price on the stock in a report on Monday, April 7th. Baird R W raised Diodes from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 7th. Truist Financial lowered their price target on Diodes from $63.00 to $53.00 and set a “hold” rating for the company in a research report on Wednesday, February 12th. Finally, Benchmark cut their price objective on shares of Diodes from $74.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $56.00.

Insider Activity

In other news, CFO Brett R. Whitmire sold 830 shares of the firm’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 $46,513.20. Following the transaction, the chief financial officer now directly owns 51,525 shares of the company’s stock, valued at approximately $2,887,461. This trade represents a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Emily Yang sold 950 shares of Diodes stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total value of $53,238.00. Following the completion of the transaction, the senior vice president now directly owns 65,107 shares in the company, valued at $3,648,596.28. This trade represents a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,680 shares of company stock worth $262,267. 2.30% of the stock is owned by company insiders.

Diodes Stock Performance

DIOD stock opened at $34.40 on Friday. The firm has a market cap of $1.60 billion, a PE ratio of 36.21 and a beta of 1.43. The company has a quick ratio of 1.99, a current ratio of 3.26 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a 12-month low of $32.93 and a 12-month high of $86.74. The business has a 50 day moving average of $45.36 and a 200-day moving average of $56.02.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.27). Diodes had a net margin of 3.36% and a return on equity of 3.28%. As a group, sell-side analysts expect 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.