Zions Bancorporation N.A. Acquires 4,320 Shares of Diodes Incorporated (NASDAQ:DIOD)

Zions Bancorporation N.A. grew its holdings in Diodes Incorporated (NASDAQ:DIOD) by 18.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 27,928 shares of the semiconductor company’s stock after purchasing an additional 4,320 shares during the quarter. Zions Bancorporation N.A.’s holdings in Diodes were worth $1,790,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of Diodes by 66.5% during the 2nd quarter. GAMMA Investing LLC now owns 453 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 181 shares in the last quarter. EntryPoint Capital LLC bought a new position in shares of Diodes during the 1st quarter worth approximately $40,000. Innealta Capital LLC bought a new position in shares of Diodes during the 2nd quarter worth approximately $88,000. KBC Group NV raised its stake in shares of Diodes by 33.9% during the 3rd quarter. KBC Group NV now owns 1,454 shares of the semiconductor company’s stock worth $93,000 after acquiring an additional 368 shares in the last quarter. Finally, EMC Capital Management raised its stake in shares of Diodes by 25.8% during the 1st quarter. EMC Capital Management now owns 1,632 shares of the semiconductor company’s stock worth $115,000 after acquiring an additional 335 shares in the last quarter. Institutional investors own 99.23% of the company’s stock.

Diodes Stock Down 2.3 %

NASDAQ:DIOD opened at $55.01 on Friday. The company has a market cap of $2.55 billion, a PE ratio of 41.67 and a beta of 1.32. Diodes Incorporated has a twelve month low of $53.97 and a twelve month high of $86.74. The company has a current ratio of 3.58, a quick ratio of 2.21 and a debt-to-equity ratio of 0.01. The company’s 50 day moving average is $62.07 and its two-hundred day moving average is $68.89.

Insider Activity

In other news, CEO Keh Shew Lu sold 20,010 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $67.25, for a total value of $1,345,672.50. Following the sale, the chief executive officer now directly owns 246,492 shares of the company’s stock, valued at $16,576,587. This represents a 7.51 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Emily Yang sold 1,272 shares of the company’s 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 sale, the senior vice president now directly owns 29,028 shares in the company, valued at $2,094,660.48. This trade represents a 4.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,182 shares of company stock valued at $1,640,921 in the last ninety days. Insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Benchmark reduced their price objective on shares of Diodes from $83.00 to $75.00 and set a “buy” rating for the company in a research note on Monday. Truist Financial dropped their target price on shares of Diodes from $69.00 to $62.00 and set a “hold” rating on the stock in a research report on Friday, November 8th. Finally, StockNews.com raised shares of Diodes from a “sell” rating to a “hold” rating in a research report on Monday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $72.80.

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.