Blue Trust Inc. Increases Stock Position in Diodes Incorporated (NASDAQ:DIOD)

Blue Trust Inc. raised its holdings in Diodes Incorporated (NASDAQ:DIOD) by 13.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,693 shares of the semiconductor company’s stock after purchasing an additional 310 shares during the period. Blue Trust Inc.’s holdings in Diodes were worth $212,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. NBC Securities Inc. purchased a new stake in shares of Diodes in the third quarter valued at about $59,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Diodes by 11.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,178 shares of the semiconductor company’s stock valued at $90,000 after purchasing an additional 123 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Diodes by 17.5% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,184 shares of the semiconductor company’s stock valued at $93,000 after purchasing an additional 176 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Diodes during the second quarter valued at approximately $76,000. Finally, Covestor Ltd lifted its stake in shares of Diodes by 98.2% during the first quarter. Covestor Ltd now owns 1,292 shares of the semiconductor company’s stock valued at $112,000 after buying an additional 640 shares during the period. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DIOD. Wells Fargo & Company reduced their price objective on shares of Diodes from $80.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 7th. Truist Financial reduced their price objective on shares of Diodes from $78.00 to $67.00 and set a “hold” rating on the stock in a research note on Wednesday, February 7th. Finally, TD Cowen upped their price objective on shares of Diodes from $72.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, February 7th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $72.40.

Insider Transactions at Diodes

In other news, CEO Keh Shew Lu sold 12,000 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $68.78, for a total value of $825,360.00. Following the completion of the sale, the chief executive officer now owns 262,492 shares of the company’s stock, valued at $18,054,199.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Keh Shew Lu sold 12,000 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $68.78, for a total transaction of $825,360.00. Following the completion of the sale, the chief executive officer now directly owns 262,492 shares of the company’s stock, valued at approximately $18,054,199.76. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Brett R. Whitmire sold 3,400 shares of the firm’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $67.30, for a total transaction of $228,820.00. Following the sale, the chief financial officer now directly owns 48,265 shares of the company’s stock, valued at $3,248,234.50. The disclosure for this sale can be found here. Insiders sold 25,900 shares of company stock valued at $1,774,570 over the last 90 days. Corporate insiders own 2.20% of the company’s stock.

Diodes Stock Performance

NASDAQ:DIOD opened at $70.50 on Monday. The company has a quick ratio of 2.03, a current ratio of 3.02 and a debt-to-equity ratio of 0.01. The company has a market cap of $3.24 billion, a P/E ratio of 14.36 and a beta of 1.46. Diodes Incorporated has a fifty-two week low of $60.00 and a fifty-two week high of $97.37. The firm’s 50 day moving average is $68.43 and its two-hundred day moving average is $71.79.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. Diodes had a net margin of 13.67% and a return on equity of 12.79%. The company had revenue of $322.70 million for the quarter, compared to the consensus estimate of $324.76 million. During the same quarter last year, the firm posted $1.73 earnings per share. Diodes’s revenue was down 35.0% on a year-over-year basis. Analysts expect that Diodes Incorporated will post 2.55 EPS for the current year.

Diodes Company 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.