Federated Hermes Inc. Boosts Stock Position in Diodes Incorporated (NASDAQ:DIOD)

Federated Hermes Inc. increased its position in Diodes Incorporated (NASDAQ:DIOD) by 3.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,514 shares of the semiconductor company’s stock after acquiring an additional 502 shares during the quarter. Federated Hermes Inc.’s holdings in Diodes were worth $1,116,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Diodes by 2.3% in the first quarter. Vanguard Group Inc. now owns 5,782,828 shares of the semiconductor company’s stock worth $407,689,000 after purchasing an additional 132,101 shares in the last quarter. Earnest Partners LLC increased its stake in Diodes by 12.5% in the 1st quarter. Earnest Partners LLC now owns 2,534,798 shares of the semiconductor company’s stock worth $178,703,000 after buying an additional 282,089 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Diodes by 7.0% during the second quarter. Victory Capital Management Inc. now owns 755,464 shares of the semiconductor company’s stock valued at $54,341,000 after acquiring an additional 49,284 shares during the period. Sei Investments Co. lifted its position in shares of Diodes by 2.3% in the first quarter. Sei Investments Co. now owns 741,256 shares of the semiconductor company’s stock valued at $52,258,000 after acquiring an additional 16,859 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Diodes by 27.2% in the second quarter. Bank of New York Mellon Corp now owns 604,153 shares of the semiconductor company’s stock worth $43,457,000 after acquiring an additional 129,195 shares during the period. Institutional investors own 99.23% of the company’s stock.

Insider Activity

In other Diodes news, SVP Emily Yang sold 1,272 shares of Diodes stock in a transaction on Monday, August 26th. The shares were sold at an average price of $72.16, for a total transaction of $91,787.52. Following the completion of the transaction, the senior vice president now directly owns 29,028 shares of the company’s stock, valued at $2,094,660.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Emily Yang sold 1,272 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $72.16, for a total value of $91,787.52. Following the completion of the sale, the senior vice president now owns 29,028 shares in the company, valued at approximately $2,094,660.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brett R. Whitmire sold 1,900 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $69.99, for a total transaction of $132,981.00. Following the transaction, the chief financial officer now owns 46,365 shares in the company, valued at $3,245,086.35. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,182 shares of company stock valued at $1,640,921. 2.30% of the stock is currently owned by insiders.

Diodes Stock Performance

NASDAQ DIOD opened at $60.12 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.38 and a quick ratio of 2.10. Diodes Incorporated has a 1-year low of $58.62 and a 1-year high of $86.74. The business has a 50 day simple moving average of $68.88 and a two-hundred day simple moving average of $70.64. The stock has a market capitalization of $2.77 billion, a PE ratio of 16.38 and a beta of 1.32.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Thursday, August 8th. The semiconductor company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. Diodes had a net margin of 7.12% and a return on equity of 5.76%. The business had revenue of $319.80 million during the quarter, compared to analysts’ expectations of $316.12 million. During the same period last year, the company posted $1.59 EPS. The business’s revenue was down 31.5% on a year-over-year basis. On average, research analysts predict that Diodes Incorporated will post 1.6 EPS for the current fiscal year.

Analysts Set New Price Targets

DIOD has been the topic of several recent analyst reports. Truist Financial decreased their target price on Diodes from $74.00 to $69.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. StockNews.com downgraded shares of Diodes from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $73.20.

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.