Louisiana State Employees Retirement System Buys Shares of 20,300 Diodes Incorporated $DIOD

Louisiana State Employees Retirement System purchased a new position in Diodes Incorporated (NASDAQ:DIOD) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 20,300 shares of the semiconductor company’s stock, valued at approximately $1,386,000.

Other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in shares of Diodes by 49.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 464,429 shares of the semiconductor company’s stock valued at $24,712,000 after acquiring an additional 153,905 shares in the last quarter. Evergreen Capital Management LLC acquired a new stake in Diodes in the 4th quarter worth approximately $476,000. Bessemer Group Inc. boosted its position in Diodes by 14.5% during the fourth quarter. Bessemer Group Inc. now owns 419,648 shares of the semiconductor company’s stock worth $20,707,000 after purchasing an additional 53,039 shares during the period. Tributary Capital Management LLC boosted its position in Diodes by 7.1% during the fourth quarter. Tributary Capital Management LLC now owns 346,023 shares of the semiconductor company’s stock worth $17,073,000 after purchasing an additional 22,903 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Diodes by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 6,154,859 shares of the semiconductor company’s stock valued at $303,681,000 after purchasing an additional 166,603 shares during the last quarter. Institutional investors own 99.23% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Robert W. Baird set a $120.00 price target on shares of Diodes in a research report on Friday, May 8th. Truist Financial upped their price objective on shares of Diodes from $98.00 to $139.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Finally, Zacks Research lowered shares of Diodes from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Diodes currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.00.

Diodes Price Performance

NASDAQ DIOD opened at $96.25 on Friday. The stock has a 50-day simple moving average of $106.38 and a 200 day simple moving average of $79.18. Diodes Incorporated has a twelve month low of $42.28 and a twelve month high of $125.99. The stock has a market capitalization of $4.42 billion, a PE ratio of 52.31 and a beta of 1.88. 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 (NASDAQ:DIOD) last released its earnings results on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.08. The firm had revenue of $405.47 million for the quarter, compared to analyst estimates of $396.33 million. Diodes had a return on equity of 3.48% and a net margin of 5.50%.The company’s revenue was up 22.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.19 EPS. Research analysts anticipate that Diodes Incorporated will post 2.58 EPS for the current year.

Insider Buying and Selling

In other news, SVP Andy Tsong sold 1,582 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $106.95, for a total value of $169,194.90. Following the completion of the sale, the senior vice president directly owned 48,170 shares of the company’s stock, valued at approximately $5,151,781.50. This represents a 3.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gary Yu sold 3,632 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $110.08, for a total transaction of $399,810.56. Following the completion of the sale, the chief executive officer owned 108,147 shares in the company, valued at approximately $11,904,821.76. The trade was a 3.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 70,981 shares of company stock valued at $7,616,906 in the last ninety days. Company insiders own 1.70% of the company’s stock.

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.