Cerity Partners LLC Purchases Shares of 79,375 Diodes Incorporated (NASDAQ:DIOD)

Cerity Partners LLC acquired a new position in Diodes Incorporated (NASDAQ:DIOD) in the fourth quarter, HoldingsChannel reports. The firm acquired 79,375 shares of the semiconductor company’s stock, valued at approximately $6,391,000.

A number of other institutional investors also recently made changes to their positions in the business. Norges Bank bought a new stake in Diodes in the fourth quarter worth $30,756,000. Fuller & Thaler Asset Management Inc. boosted its holdings in Diodes by 102.3% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 578,250 shares of the semiconductor company’s stock valued at $50,302,000 after acquiring an additional 292,450 shares during the period. Global Alpha Capital Management Ltd. purchased a new stake in Diodes during the 3rd quarter valued at about $13,866,000. First Trust Advisors LP grew its position in Diodes by 272.2% during the 1st quarter. First Trust Advisors LP now owns 232,230 shares of the semiconductor company’s stock worth $21,542,000 after acquiring an additional 169,840 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in Diodes by 266.9% in the 1st quarter. Renaissance Technologies LLC now owns 212,651 shares of the semiconductor company’s stock worth $18,499,000 after purchasing an additional 154,700 shares during the period. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Keh Shew Lu sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $68.98, for a total value of $413,880.00. Following the completion of the transaction, the chief executive officer now owns 274,492 shares in the company, valued at approximately $18,934,458.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Keh Shew Lu sold 6,000 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $68.98, for a total value of $413,880.00. Following the completion of the transaction, the chief executive officer now directly owns 274,492 shares in the company, valued at approximately $18,934,458.16. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Brett R. Whitmire sold 3,400 shares of Diodes stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $67.30, for a total transaction of $228,820.00. Following the transaction, the chief financial officer now directly owns 48,265 shares of the company’s stock, valued at $3,248,234.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,900 shares of company stock worth $1,774,570. Company insiders own 2.60% of the company’s stock.

Diodes Stock Performance

NASDAQ:DIOD opened at $67.88 on Tuesday. The company has a quick ratio of 2.03, a current ratio of 3.02 and a debt-to-equity ratio of 0.01. The firm’s fifty day simple moving average is $68.57 and its 200 day simple moving average is $71.25. The stock has a market cap of $3.12 billion, a P/E ratio of 13.82 and a beta of 1.47. Diodes Incorporated has a twelve month low of $60.00 and a twelve month high of $97.37.

Diodes (NASDAQ:DIOD) last announced its earnings results on Tuesday, February 6th. The semiconductor company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.04. Diodes had a net margin of 13.67% and a return on equity of 12.79%. The firm had revenue of $322.70 million for the quarter, compared to analyst estimates of $324.76 million. During the same quarter in the previous year, the firm posted $1.73 EPS. The company’s revenue for the quarter was down 35.0% compared to the same quarter last year. As a group, research analysts predict that Diodes Incorporated will post 2.55 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. TD Cowen raised their target price on shares of Diodes from $72.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Wells Fargo & Company decreased their price objective on shares of Diodes from $80.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 7th. Finally, Truist Financial lowered their price objective on shares of Diodes from $78.00 to $67.00 and set a “hold” rating for the company in a research note on Wednesday, February 7th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $72.40.

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.