Blue Trust Inc. Sells 826 Shares of Diodes Incorporated (NASDAQ:DIOD)

Blue Trust Inc. trimmed its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 17.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,991 shares of the semiconductor company’s stock after selling 826 shares during the period. Blue Trust Inc.’s holdings in Diodes were worth $256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new position in Diodes during the third quarter valued at approximately $29,000. GAMMA Investing LLC raised its position in shares of Diodes by 68.9% in the 3rd quarter. GAMMA Investing LLC now owns 765 shares of the semiconductor company’s stock worth $49,000 after acquiring an additional 312 shares in the last quarter. KBC Group NV lifted its stake in shares of Diodes by 33.9% during the 3rd quarter. KBC Group NV now owns 1,454 shares of the semiconductor company’s stock worth $93,000 after purchasing an additional 368 shares during the last quarter. Quest Partners LLC bought a new stake in Diodes during the third quarter valued at about $184,000. Finally, EP Wealth Advisors LLC purchased a new position in Diodes in the third quarter valued at about $260,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on DIOD. Benchmark decreased their price target on shares of Diodes from $83.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, November 11th. StockNews.com upgraded shares of Diodes from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Truist Financial reduced their price target on Diodes from $69.00 to $62.00 and set a “hold” rating on the stock in a research report on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $72.80.

Diodes Trading Up 1.0 %

NASDAQ DIOD opened at $58.98 on Monday. Diodes Incorporated has a 12-month low of $52.71 and a 12-month high of $86.74. The company has a fifty day simple moving average of $62.47 and a two-hundred day simple moving average of $64.00. The company has a current ratio of 3.58, a quick ratio of 2.21 and a debt-to-equity ratio of 0.01. The stock has a market cap of $2.73 billion, a P/E ratio of 44.68 and a beta of 1.32.

Diodes (NASDAQ:DIOD) last issued its earnings results on Thursday, November 7th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. The company had revenue of $350.08 million during the quarter, compared to analyst estimates of $346.30 million. Diodes had a return on equity of 3.90% and a net margin of 4.72%. During the same quarter last year, the business posted $1.13 EPS. On average, analysts forecast that Diodes Incorporated will post 1.35 earnings per share for the current year.

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.