Blue Trust Inc. Purchases 510 Shares of Diodes Incorporated (NASDAQ:DIOD)

Blue Trust Inc. raised its position in Diodes Incorporated (NASDAQ:DIOD) by 11.8% in the 3rd quarter, Holdings Channel reports. The firm owned 4,817 shares of the semiconductor company’s stock after buying an additional 510 shares during the quarter. Blue Trust Inc.’s holdings in Diodes were worth $309,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in DIOD. GAMMA Investing LLC lifted its position in Diodes by 66.5% during the second quarter. GAMMA Investing LLC now owns 453 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 181 shares during the last quarter. EntryPoint Capital LLC bought a new position in Diodes in the first quarter valued at $40,000. Innealta Capital LLC purchased a new stake in Diodes during the second quarter valued at about $88,000. EMC Capital Management lifted its stake in Diodes by 25.8% during the first quarter. EMC Capital Management now owns 1,632 shares of the semiconductor company’s stock worth $115,000 after purchasing an additional 335 shares during the last quarter. Finally, Hantz Financial Services Inc. purchased a new position in shares of Diodes in the 2nd quarter worth about $147,000. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

Diodes Stock Up 2.5 %

NASDAQ DIOD opened at $64.54 on Friday. The business’s 50-day moving average is $63.95 and its 200 day moving average is $69.75. The stock has a market capitalization of $2.98 billion, a PE ratio of 17.59 and a beta of 1.32. 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 $58.50 and a 1 year high of $86.74.

Diodes (NASDAQ:DIOD) last posted its earnings results on Thursday, August 8th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.03. Diodes had a return on equity of 5.76% and a net margin of 7.12%. The firm had revenue of $319.80 million for the quarter, compared to analysts’ expectations of $316.12 million. During the same period in the previous year, the firm earned $1.59 earnings per share. The business’s revenue was down 31.5% compared to the same quarter last year. Sell-side analysts forecast that Diodes Incorporated will post 1.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on DIOD. StockNews.com cut shares of Diodes from a “hold” rating to a “sell” rating in a research note on Wednesday, August 21st. Truist Financial decreased their price objective on Diodes from $74.00 to $69.00 and set a “hold” rating on the stock in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Diodes has a consensus rating of “Hold” and an average price target of $73.20.

Insider Transactions at Diodes

In related news, CFO Brett R. Whitmire sold 1,900 shares of the business’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 trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Keh Shew Lu sold 20,010 shares of the company’s stock in a transaction dated 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 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brett R. Whitmire sold 1,900 shares of the firm’s stock in a transaction that occurred on 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 directly owns 46,365 shares of the company’s stock, valued at $3,245,086.35. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,182 shares of company stock valued at $1,640,921. Company insiders own 2.30% of the company’s stock.

Diodes 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.