Amalgamated Bank Cuts Position in Diodes Incorporated (NASDAQ:DIOD)

Amalgamated Bank lessened its stake in Diodes Incorporated (NASDAQ:DIOD) by 3.1% during the third quarter, HoldingsChannel reports. The firm owned 13,631 shares of the semiconductor company’s stock after selling 429 shares during the period. Amalgamated Bank’s holdings in Diodes were worth $874,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in DIOD. GAMMA Investing LLC grew its holdings 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 buying an additional 181 shares in the last quarter. EntryPoint Capital LLC purchased a new position in Diodes during the 1st quarter valued at about $40,000. Innealta Capital LLC purchased a new stake in shares of Diodes in the 2nd quarter worth approximately $88,000. EMC Capital Management increased its holdings in shares of Diodes by 25.8% during the first quarter. EMC Capital Management now owns 1,632 shares of the semiconductor company’s stock valued at $115,000 after acquiring an additional 335 shares in the last quarter. Finally, Hantz Financial Services Inc. bought a new position in shares of Diodes in the second quarter worth approximately $147,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Insider Activity

In related news, CFO Brett R. Whitmire sold 1,900 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $69.99, for a total transaction of $132,981.00. Following the completion of the sale, the chief financial officer now owns 46,365 shares of the company’s stock, valued at $3,245,086.35. This represents a 3.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Emily Yang sold 1,272 shares of the 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 completion of the sale, the senior vice president now owns 29,028 shares of the company’s stock, valued at approximately $2,094,660.48. This trade represents a 4.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,182 shares of company stock valued at $1,640,921. 2.30% of the stock is currently owned by insiders.

Diodes Stock Performance

Diodes stock opened at $55.01 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.58 and a quick ratio of 2.21. The firm has a market capitalization of $2.55 billion, a P/E ratio of 41.67 and a beta of 1.32. Diodes Incorporated has a 1-year low of $53.97 and a 1-year high of $86.74. The company’s 50-day moving average is $62.07 and its 200 day moving average is $68.89.

Wall Street Analyst Weigh In

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

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.