Diodes Incorporated (NASDAQ:DIOD) Stock Holdings Cut by ProShare Advisors LLC

ProShare Advisors LLC lessened its position in Diodes Incorporated (NASDAQ:DIOD) by 8.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,481 shares of the semiconductor company’s stock after selling 574 shares during the period. ProShare Advisors LLC’s holdings in Diodes were worth $601,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. FORA Capital LLC acquired a new stake in Diodes in the 4th quarter valued at about $301,000. LPL Financial LLC raised its holdings in shares of Diodes by 129.6% in the 4th quarter. LPL Financial LLC now owns 68,318 shares of the semiconductor company’s stock worth $5,186,000 after purchasing an additional 38,566 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Diodes by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 842,862 shares of the semiconductor company’s stock worth $64,175,000 after buying an additional 25,386 shares in the last quarter. FSM Wealth Advisors LLC acquired a new position in Diodes in the first quarter worth approximately $202,000. Finally, Tectonic Advisors LLC grew its position in Diodes by 41.4% in the first quarter. Tectonic Advisors LLC now owns 8,994 shares of the semiconductor company’s stock worth $834,000 after buying an additional 2,635 shares during the last quarter. Institutional investors and hedge funds own 94.82% of the company’s stock.

Diodes Trading Down 2.5 %

NASDAQ:DIOD opened at $78.47 on Friday. Diodes Incorporated has a fifty-two week low of $61.51 and a fifty-two week high of $97.45. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.81 and a quick ratio of 2.02. The stock has a market cap of $3.60 billion, a PE ratio of 10.91 and a beta of 1.45. The stock’s 50-day moving average is $86.67 and its two-hundred day moving average is $88.19.

Diodes (NASDAQ:DIOD) last issued its earnings results on Tuesday, August 8th. The semiconductor company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.02. The company had revenue of $467.20 million for the quarter, compared to analyst estimates of $467.12 million. Diodes had a return on equity of 19.78% and a net margin of 16.99%. The business’s revenue was down 6.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.90 EPS. As a group, equities research analysts forecast that Diodes Incorporated will post 5.51 earnings per share for the current fiscal year.

Insider Transactions at Diodes

In related news, COO Gary Yu sold 3,300 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $82.62, for a total value of $272,646.00. Following the completion of the sale, the chief operating officer now directly owns 41,996 shares in the company, valued at $3,469,709.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO Gary Yu sold 3,300 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $82.62, for a total value of $272,646.00. Following the transaction, the chief operating officer now directly owns 41,996 shares in the company, valued at approximately $3,469,709.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Andy Tsong sold 1,988 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $82.50, for a total transaction of $164,010.00. Following the sale, the insider now owns 30,575 shares of the company’s stock, valued at $2,522,437.50. The disclosure for this sale can be found here. Insiders have sold a total of 7,988 shares of company stock worth $655,248 in the last 90 days. 2.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Benchmark reduced their price objective on Diodes from $100.00 to $95.00 and set a “buy” rating for the company in a research note on Wednesday, August 9th. StockNews.com started coverage on Diodes in a research note on Thursday, August 17th. They issued a “buy” rating on the stock. Finally, Truist Financial reduced their price objective on shares of Diodes from $94.00 to $93.00 and set a “buy” rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Diodes presently has an average rating of “Moderate Buy” and a consensus target price of $100.60.

Diodes Profile

Diodes Incorporated engages in the manufacture and supply of application-specific standard products in the broad discrete, logic, analog, and mixed-signal semiconductor markets worldwide. The company offers discrete semiconductor products, such as MOSFET, TVS, and performance Schottky rectifiers; GPP bridges and rectifiers, and performance Schottky diodes; performance Zener diodes, including tight tolerance and low operating current type; standard, fast, super-fast, and ultra-fast recovery rectifiers; bridge rectifiers; switching diodes; small signal bipolar and prebiased transistors; thyristor surge protection devices; and transient voltage suppressors.