Diodes Incorporated $DIOD Shares Sold by Shaker Investments LLC OH

Shaker Investments LLC OH lessened its position in shares of Diodes Incorporated (NASDAQ:DIOD) by 60.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 5,204 shares of the semiconductor company’s stock after selling 7,827 shares during the period. Shaker Investments LLC OH’s holdings in Diodes were worth $257,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Verdence Capital Advisors LLC boosted its stake in Diodes by 2.3% during the 4th quarter. Verdence Capital Advisors LLC now owns 8,430 shares of the semiconductor company’s stock worth $416,000 after purchasing an additional 186 shares during the period. Arizona State Retirement System raised its position in Diodes by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 13,720 shares of the semiconductor company’s stock worth $730,000 after buying an additional 189 shares during the last quarter. Farther Finance Advisors LLC raised its position in Diodes by 51.4% during the 4th quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock worth $29,000 after buying an additional 200 shares during the last quarter. Forum Financial Management LP raised its position in Diodes by 1.7% during the 3rd quarter. Forum Financial Management LP now owns 11,880 shares of the semiconductor company’s stock worth $632,000 after buying an additional 204 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Diodes by 77.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock worth $25,000 after buying an additional 205 shares during the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

Insider Activity

In other Diodes news, CFO Brett R. Whitmire sold 830 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $60.85, for a total transaction of $50,505.50. Following the completion of the transaction, the chief financial officer directly owned 67,141 shares in the company, valued at approximately $4,085,529.85. This trade represents a 1.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gary Yu sold 2,900 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $60.85, for a total transaction of $176,465.00. Following the transaction, the chief executive officer owned 111,671 shares of the company’s stock, valued at $6,795,180.35. This trade represents a 2.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 116,205 shares of company stock worth $7,837,213 in the last three months. Company insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Benchmark upped their price objective on shares of Diodes from $62.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Wall Street Zen upgraded shares of Diodes from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Truist Financial upgraded shares of Diodes from a “hold” rating to a “buy” rating and upped their price objective for the stock from $67.00 to $98.00 in a research report on Monday, April 13th. Robert W. Baird upped their price objective on shares of Diodes from $80.00 to $100.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 7th. Finally, Zacks Research upgraded shares of Diodes from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Diodes currently has an average rating of “Moderate Buy” and a consensus price target of $92.67.

Diodes Stock Performance

Shares of DIOD opened at $101.00 on Thursday. The company has a 50-day simple moving average of $75.82 and a 200-day simple moving average of $61.49. The company has a quick ratio of 2.08, a current ratio of 3.32 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $4.65 billion, a PE ratio of 71.13 and a beta of 1.58. Diodes Incorporated has a 52-week low of $36.74 and a 52-week high of $108.00.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings results on Tuesday, February 10th. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.08. The business had revenue of $391.58 million during the quarter, compared to the consensus estimate of $380.03 million. Diodes had a net margin of 4.46% and a return on equity of 2.95%. The business’s revenue was up 15.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.27 EPS. Equities research analysts predict that Diodes Incorporated will post 2.45 earnings per share for the current fiscal year.

About Diodes

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.