Emerald Mutual Fund Advisers Trust Buys New Holdings in Diodes Incorporated $DIOD

Emerald Mutual Fund Advisers Trust purchased a new position in Diodes Incorporated (NASDAQ:DIOD) during the first quarter, HoldingsChannel reports. The fund purchased 114,097 shares of the semiconductor company’s stock, valued at approximately $7,788,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its holdings in Diodes by 77.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 205 shares in the last quarter. Geneos Wealth Management Inc. purchased a new position in shares of Diodes in the second quarter worth $30,000. Farther Finance Advisors LLC lifted its holdings in shares of Diodes by 51.4% in the fourth quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock worth $29,000 after buying an additional 200 shares in the last quarter. Quarry LP bought a new position in shares of Diodes during the third quarter worth $39,000. Finally, Kestra Advisory Services LLC bought a new position in shares of Diodes during the fourth quarter worth $40,000. 99.23% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DIOD has been the topic of a number of research reports. Truist Financial lifted their price target on shares of Diodes from $98.00 to $139.00 and gave the company a “buy” rating in a report on Friday, May 8th. Zacks Research downgraded shares of Diodes from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Finally, Robert W. Baird set a $120.00 price objective on Diodes in a research report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $113.00.

Insider Transactions at Diodes

In related news, SVP Emily Yang sold 3,000 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $110.08, for a total value of $330,240.00. Following the completion of the transaction, the senior vice president owned 61,878 shares of the company’s stock, valued at approximately $6,811,530.24. This trade represents a 4.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Francis Tang sold 15,330 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $112.04, for a total value of $1,717,573.20. Following the sale, the chief technology officer directly owned 71,438 shares in the company, valued at $8,003,913.52. The trade was a 17.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 70,981 shares of company stock worth $7,616,906 in the last quarter. Company insiders own 1.70% of the company’s stock.

Diodes Trading Down 4.2%

Shares of DIOD opened at $92.29 on Tuesday. The company’s fifty day moving average is $105.44 and its 200 day moving average is $81.35. Diodes Incorporated has a fifty-two week low of $42.28 and a fifty-two week high of $125.99. The stock has a market capitalization of $4.24 billion, a PE ratio of 50.16 and a beta of 1.88. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 3.17.

Diodes (NASDAQ:DIOD) last released its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.08. Diodes had a net margin of 5.50% and a return on equity of 3.48%. The company had revenue of $405.47 million for the quarter, compared to the consensus estimate of $396.33 million. During the same quarter in the prior year, the firm earned $0.19 earnings per share. Diodes’s revenue was up 22.1% on a year-over-year basis. Sell-side analysts expect that Diodes Incorporated will post 2.58 earnings per share for the current fiscal year.

Diodes Profile

Diodes Incorporated (NASDAQ: DIOD) is a global manufacturer and supplier of high?performance discrete, logic, analog and mixed?signal semiconductor products. Headquartered in Plano, Texas, the company designs and develops a broad range of discrete components, standard logic functions, power management circuits, interface products and array products. Its portfolio includes rectifiers, MOSFETs, general?purpose diodes, voltage regulators, comparators, buffers and other building blocks for electronic systems.

Diodes Incorporated serves a variety of end markets such as automotive, computing, communications, consumer electronics, industrial and lighting.