Swiss National Bank Trims Stock Holdings in Diodes Incorporated (NASDAQ:DIOD)

Swiss National Bank trimmed its holdings in Diodes Incorporated (NASDAQ:DIOD - Free Report) by 10.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,100 shares of the semiconductor company's stock after selling 11,700 shares during the period. Swiss National Bank owned approximately 0.21% of Diodes worth $9,100,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. GPS Wealth Strategies Group LLC purchased a new position in Diodes in the 1st quarter valued at approximately $28,000. Belpointe Asset Management LLC purchased a new position in Diodes in the 4th quarter valued at approximately $43,000. Robeco Institutional Asset Management B.V. purchased a new position in Diodes in the 1st quarter valued at approximately $75,000. Quantbot Technologies LP purchased a new position in Diodes in the 2nd quarter valued at approximately $76,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Diodes by 11.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,178 shares of the semiconductor company's stock valued at $90,000 after buying an additional 123 shares in the last quarter. 96.95% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Andy Tsong sold 1,988 shares of Diodes stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $82.50, for a total value of $164,010.00. Following the transaction, the insider now owns 30,575 shares in the company, valued at approximately $2,522,437.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Keh Shew Lu sold 3,000 shares of Diodes stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $97.00, for a total value of $291,000.00. Following the transaction, the chief executive officer now owns 283,492 shares in the company, valued at approximately $27,498,724. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Andy Tsong sold 1,988 shares of Diodes stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $82.50, for a total transaction of $164,010.00. Following the completion of the transaction, the insider now owns 30,575 shares in the company, valued at approximately $2,522,437.50. The disclosure for this sale can be found here. Insiders have sold a total of 14,665 shares of company stock worth $1,342,919 in the last 90 days. 2.20% of the stock is owned by company insiders.

DIOD has been the subject of several analyst reports. StockNews.com initiated coverage on shares of Diodes in a report on Thursday, August 17th. They issued a "buy" rating for the company. Wells Fargo & Company cut their price target on shares of Diodes from $95.00 to $85.00 in a report on Wednesday, May 10th. Finally, Benchmark cut their price target on shares of Diodes from $100.00 to $95.00 and set a "buy" rating for the company in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, Diodes has an average rating of "Moderate Buy" and a consensus target price of $103.60.

Read Our Latest Stock Analysis on DIOD

NASDAQ DIOD opened at $80.09 on Friday. Diodes Incorporated has a 52-week low of $61.51 and a 52-week high of $97.45. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.02 and a current ratio of 2.81. The company has a market capitalization of $3.68 billion, a P/E ratio of 11.14 and a beta of 1.43. The company has a fifty day moving average of $88.31 and a 200-day moving average of $89.00.

Diodes (NASDAQ:DIOD - Get Free Report) last posted its quarterly earnings data on Tuesday, August 8th. The semiconductor company reported $1.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.57 by $0.02. Diodes had a net margin of 16.99% and a return on equity of 19.78%. The company had revenue of $467.20 million during the quarter, compared to the consensus estimate of $467.12 million. During the same period in the previous year, the firm posted $1.90 EPS. The firm's revenue was down 6.7% compared to the same quarter last year. As a group, equities research analysts predict that Diodes Incorporated will post 5.51 EPS for the current fiscal year.

Diodes Incorporated engages in the manufacture and supply of application-specific standard products in the broad discrete, logic, analog, and mixed-signal semiconductor markets worldwide. The company offers discrete semiconductor products, such as MOSFET, TVS, and performance Schottky rectifiers; GPP bridges and rectifiers, and performance Schottky diodes; performance Zener diodes, including tight tolerance and low operating current type; standard, fast, super-fast, and ultra-fast recovery rectifiers; bridge rectifiers; switching diodes; small signal bipolar and prebiased transistors; thyristor surge protection devices; and transient voltage suppressors.

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