Covestor Ltd Sells 565 Shares of Diodes Incorporated (NASDAQ:DIOD)

Covestor Ltd lessened its position in Diodes Incorporated (NASDAQ:DIOD) by 31.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,231 shares of the semiconductor company’s stock after selling 565 shares during the period. Covestor Ltd’s holdings in Diodes were worth $79,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in Diodes by 66.5% during the second quarter. GAMMA Investing LLC now owns 453 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 181 shares during the period. SummerHaven Investment Management LLC increased its holdings in shares of Diodes by 2.7% during the 2nd quarter. SummerHaven Investment Management LLC now owns 8,101 shares of the semiconductor company’s stock worth $583,000 after acquiring an additional 210 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in Diodes by 5.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 4,245 shares of the semiconductor company’s stock valued at $299,000 after purchasing an additional 224 shares during the last quarter. Arizona State Retirement System boosted its position in Diodes by 1.9% during the second quarter. Arizona State Retirement System now owns 12,861 shares of the semiconductor company’s stock worth $925,000 after purchasing an additional 236 shares during the period. Finally, Azzad Asset Management Inc. ADV boosted its position in Diodes by 2.5% during the second quarter. Azzad Asset Management Inc. ADV now owns 10,115 shares of the semiconductor company’s stock worth $728,000 after purchasing an additional 250 shares during the period. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Diodes

In related news, CEO Keh Shew Lu sold 20,010 shares of the business’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 value of $1,345,672.50. Following the completion of the sale, the chief executive officer now directly owns 246,492 shares in the company, valued at approximately $16,576,587. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Diodes news, SVP Emily Yang sold 1,272 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $72.16, for a total value of $91,787.52. Following the transaction, the senior vice president now directly owns 29,028 shares of the company’s stock, valued at $2,094,660.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Keh Shew Lu sold 20,010 shares of the company’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 sale, the chief executive officer now directly owns 246,492 shares of the company’s stock, valued at approximately $16,576,587. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,182 shares of company stock valued at $1,640,921. 2.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Truist Financial cut their target price on shares of Diodes from $69.00 to $62.00 and set a “hold” rating for the company in a research note on Friday, November 8th. Benchmark cut their price objective on shares of Diodes from $83.00 to $75.00 and set a “buy” rating for the company in a research report on Monday. Finally, StockNews.com raised Diodes from a “sell” rating to a “hold” rating in a research report on Monday. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $72.80.

Diodes Price Performance

Shares of Diodes stock opened at $56.33 on Thursday. The company has a quick ratio of 2.21, a current ratio of 3.58 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 42.67 and a beta of 1.32. Diodes Incorporated has a twelve month low of $56.29 and a twelve month high of $86.74. The company has a 50-day simple moving average of $62.23 and a two-hundred day simple moving average of $68.98.

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.