Allspring Global Investments Holdings LLC Sells 45,859 Shares of Diodes Incorporated $DIOD

Key Points

• Allspring Global Investments Holdings LLC reduced its stake in Diodes Incorporated by 17.4%, selling 45,859 shares, leaving them with 217,836 shares valued at approximately $12 million.
• Other institutional investors have increased their holdings in Diodes, with notable increases from Charles Schwab, Global Alpha Capital, and Goldman Sachs, indicating strong institutional interest in the company.
• Diodes, which recently reported $350.37 million in quarterly revenue, has a market cap of $2.53 billion and received various ratings from analysts, with a consensus rating of "Moderate Buy."

Allspring Global Investments Holdings LLC trimmed its position in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) by 17.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 217,836 shares of the semiconductor company's stock after selling 45,859 shares during the period. Allspring Global Investments Holdings LLC owned about 0.47% of Diodes worth $12,046,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its stake in shares of Diodes by 5.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 723,733 shares of the semiconductor company's stock valued at $31,244,000 after purchasing an additional 36,488 shares in the last quarter. Global Alpha Capital Management Ltd. grew its holdings in shares of Diodes by 107.6% during the first quarter. Global Alpha Capital Management Ltd. now owns 539,170 shares of the semiconductor company's stock valued at $23,276,000 after buying an additional 279,400 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Diodes by 12.3% during the first quarter. Royal Bank of Canada now owns 494,235 shares of the semiconductor company's stock valued at $21,336,000 after buying an additional 54,309 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Diodes by 13.8% in the first quarter. Goldman Sachs Group Inc. now owns 391,005 shares of the semiconductor company's stock worth $16,880,000 after purchasing an additional 47,500 shares during the last quarter. Finally, Tributary Capital Management LLC boosted its holdings in Diodes by 26.0% in the first quarter. Tributary Capital Management LLC now owns 367,306 shares of the semiconductor company's stock worth $15,857,000 after purchasing an additional 75,682 shares during the last quarter. 99.23% of the stock is owned by institutional investors.

Insider Activity

In other Diodes news, CFO Brett R. Whitmire sold 2,000 shares of the business's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $55.90, for a total value of $111,800.00. Following the completion of the sale, the chief financial officer directly owned 48,777 shares of the company's stock, valued at $2,726,634.30. The trade was a 3.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Emily Yang sold 1,000 shares of the business's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $56.36, for a total transaction of $56,360.00. Following the completion of the sale, the senior vice president directly owned 59,479 shares of the company's stock, valued at approximately $3,352,236.44. This trade represents a 1.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is owned by insiders.

Diodes Price Performance

DIOD stock opened at $54.52 on Friday. Diodes Incorporated has a 12 month low of $32.93 and a 12 month high of $67.40. The company has a current ratio of 3.33, a quick ratio of 2.04 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average price of $53.58 and a 200 day moving average price of $49.11. The stock has a market cap of $2.53 billion, a PE ratio of 39.80 and a beta of 1.63.

Diodes (NASDAQ:DIOD - Get Free Report) last released its quarterly earnings results on Tuesday, March 8th. The semiconductor company reported $0.74 EPS for the quarter. The firm had revenue of $350.37 million during the quarter. Diodes had a net margin of 4.59% and a return on equity of 2.98%. Equities research analysts anticipate that Diodes Incorporated will post 1.82 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DIOD has been the topic of several recent research reports. Weiss Ratings reiterated a "hold (c-)" rating on shares of Diodes in a research report on Wednesday, October 8th. Zacks Research upgraded shares of Diodes from a "strong sell" rating to a "hold" rating in a research report on Monday, October 6th. Finally, Wall Street Zen upgraded shares of Diodes from a "hold" rating to a "buy" rating in a report on Sunday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Diodes currently has a consensus rating of "Moderate Buy" and an average price target of $55.00.

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.

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