First Hawaiian Bank Makes New Investment in Diodes Incorporated (NASDAQ:DIOD)

First Hawaiian Bank bought a new stake in Diodes Incorporated (NASDAQ:DIOD) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 8,443 shares of the semiconductor company’s stock, valued at approximately $607,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Diodes in the 4th quarter valued at about $31,240,000. Frontier Capital Management Co. LLC grew its holdings in shares of Diodes by 478.5% during the fourth quarter. Frontier Capital Management Co. LLC now owns 391,415 shares of the semiconductor company’s stock worth $31,517,000 after buying an additional 323,759 shares in the last quarter. Earnest Partners LLC lifted 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 valued at $178,703,000 after acquiring an additional 282,089 shares in the last quarter. Channing Capital Management LLC boosted its position in Diodes by 19.8% during the 4th quarter. Channing Capital Management LLC now owns 1,009,445 shares of the semiconductor company’s stock worth $81,281,000 after acquiring an additional 166,934 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of Diodes by 23.5% during the 4th quarter. Sei Investments Co. now owns 724,397 shares of the semiconductor company’s stock worth $58,328,000 after acquiring an additional 137,676 shares in the last quarter. Institutional investors own 99.23% of the company’s stock.

Analyst Ratings Changes

DIOD has been the topic of several research reports. Robert W. Baird upped their price objective on shares of Diodes from $56.00 to $72.00 and gave the company a “neutral” rating in a report on Friday, May 10th. Truist Financial upped their price target on shares of Diodes from $67.00 to $74.00 and gave the company a “hold” rating in a research note on Friday, May 10th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Diodes presently has an average rating of “Hold” and an average target price of $74.20.

Insider Buying and Selling at Diodes

In related news, CEO Keh Shew Lu sold 6,000 shares of the business’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $73.93, for a total transaction of $443,580.00. Following the sale, the chief executive officer now directly owns 102,996 shares in the company, valued at approximately $7,614,494.28. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Diodes news, CEO Keh Shew Lu sold 6,000 shares of Diodes stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $73.93, for a total transaction of $443,580.00. Following the completion of the sale, the chief executive officer now directly owns 102,996 shares in the company, valued at $7,614,494.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Peter M. Menard sold 630 shares of the stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $71.96, for a total value of $45,334.80. Following the completion of the transaction, the director now directly owns 18,050 shares in the company, valued at approximately $1,298,878. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,630 shares of company stock valued at $2,272,715. Company insiders own 2.30% of the company’s stock.

Diodes Trading Down 5.8 %

DIOD stock traded down $3.84 during mid-day trading on Monday, reaching $62.88. The company’s stock had a trading volume of 1,310,926 shares, compared to its average volume of 340,810. The company has a current ratio of 3.18, a quick ratio of 2.05 and a debt-to-equity ratio of 0.01. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 17.10 and a beta of 1.35. The business’s 50 day moving average price is $75.48 and its 200 day moving average price is $71.70. Diodes Incorporated has a 12 month low of $60.00 and a 12 month high of $87.68.

Diodes (NASDAQ:DIOD) last released its quarterly earnings results on Thursday, May 9th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. Diodes had a return on equity of 9.11% and a net margin of 11.36%. The business had revenue of $301.90 million during the quarter, compared to the consensus estimate of $305.47 million. During the same quarter in the previous year, the business earned $1.59 EPS. The company’s quarterly revenue was down 35.4% on a year-over-year basis. On average, equities research analysts predict that Diodes Incorporated will post 1.8 EPS for the current year.

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.