Atria Wealth Solutions Inc. Cuts Stake in Diodes Incorporated (NASDAQ:DIOD)

Atria Wealth Solutions Inc. decreased its position in Diodes Incorporated (NASDAQ:DIOD) by 7.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,514 shares of the semiconductor company’s stock after selling 272 shares during the period. Atria Wealth Solutions Inc.’s holdings in Diodes were worth $283,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC purchased a new stake in Diodes in the 4th quarter valued at approximately $30,000. New York State Common Retirement Fund boosted its stake in shares of Diodes by 18.5% in the fourth quarter. New York State Common Retirement Fund now owns 243,396 shares of the semiconductor company’s stock valued at $19,598,000 after buying an additional 38,008 shares in the last quarter. Wedge Capital Management L L P NC grew its holdings in Diodes by 0.4% during the fourth quarter. Wedge Capital Management L L P NC now owns 80,957 shares of the semiconductor company’s stock worth $6,519,000 after acquiring an additional 305 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Diodes by 11.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,944 shares of the semiconductor company’s stock worth $801,000 after acquiring an additional 1,040 shares in the last quarter. Finally, Outlook Wealth Advisors LLC acquired a new stake in Diodes in the fourth quarter valued at $204,000. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Diodes news, CEO Keh Shew Lu sold 6,000 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $68.98, for a total transaction of $413,880.00. Following the sale, the chief executive officer now owns 274,492 shares in the company, valued at approximately $18,934,458.16. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Brett R. Whitmire sold 3,400 shares of the company’s stock in a transaction that occurred on 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 owns 48,265 shares of the company’s stock, valued at $3,248,234.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Keh Shew Lu sold 6,000 shares of Diodes stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $68.98, for a total transaction of $413,880.00. Following the completion of the sale, the chief executive officer now directly owns 274,492 shares of the company’s stock, valued at $18,934,458.16. The disclosure for this sale can be found here. Insiders sold 25,900 shares of company stock worth $1,774,570 in the last ninety days. Insiders own 2.30% of the company’s stock.

Diodes Price Performance

Shares of NASDAQ DIOD opened at $74.56 on Thursday. The company has a current ratio of 3.02, a quick ratio of 2.03 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average price is $69.58 and its 200 day moving average price is $70.42. Diodes Incorporated has a 52 week low of $60.00 and a 52 week high of $97.37. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of 15.19 and a beta of 1.44.

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DIOD. TD Cowen upped their price target on shares of Diodes from $72.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Truist Financial lowered their target price on shares of Diodes from $78.00 to $67.00 and set a “hold” rating on the stock in a research report on Wednesday, February 7th. Finally, Wells Fargo & Company reduced their price target on shares of Diodes from $80.00 to $70.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 7th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $72.40.

About Diodes

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.