Diodes Incorporated (NASDAQ:DIOD) Holdings Cut by Xponance Inc.

Xponance Inc. cut its stake in shares of Diodes Incorporated (NASDAQ:DIOD) by 16.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,899 shares of the semiconductor company’s stock after selling 556 shares during the quarter. Xponance Inc.’s holdings in Diodes were worth $209,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in DIOD. GAMMA Investing LLC boosted its position in Diodes by 66.5% during the 2nd 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 period. EntryPoint Capital LLC bought a new position in shares of Diodes during the first quarter worth about $40,000. Riverview Trust Co acquired a new stake in shares of Diodes in the 1st quarter worth about $51,000. NBC Securities Inc. lifted its position in Diodes by 62.3% in the 1st quarter. NBC Securities Inc. now owns 1,227 shares of the semiconductor company’s stock valued at $86,000 after purchasing an additional 471 shares during the last quarter. Finally, Innealta Capital LLC acquired a new position in Diodes during the 2nd quarter valued at about $88,000. 99.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on DIOD shares. Truist Financial dropped their price target on shares of Diodes from $74.00 to $69.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. StockNews.com lowered Diodes from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $73.20.

Insiders Place Their Bets

In related news, CEO Keh Shew Lu sold 20,010 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $67.25, for a total transaction of $1,345,672.50. Following the completion of the transaction, the chief executive officer now owns 246,492 shares in the company, valued at approximately $16,576,587. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, SVP Emily Yang sold 1,272 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $72.16, for a total transaction of $91,787.52. Following the completion of the transaction, the senior vice president now directly owns 29,028 shares in the company, valued at approximately $2,094,660.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Keh Shew Lu sold 20,010 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $67.25, for a total transaction of $1,345,672.50. Following the completion of the sale, the chief executive officer now owns 246,492 shares of the company’s stock, valued at approximately $16,576,587. The disclosure for this sale can be found here. Insiders have sold 24,182 shares of company stock worth $1,640,921 in the last ninety days. Insiders own 2.30% of the company’s stock.

Diodes Price Performance

DIOD stock opened at $63.31 on Thursday. Diodes Incorporated has a one year low of $58.50 and a one year high of $86.74. The firm has a 50-day moving average of $65.55 and a two-hundred day moving average of $70.24. The company has a current ratio of 3.38, a quick ratio of 2.10 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $2.92 billion, a PE ratio of 17.25 and a beta of 1.32.

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