Centric Wealth Management Purchases 3,389 Shares of Diodes Incorporated (NASDAQ:DIOD)

Centric Wealth Management grew its holdings in Diodes Incorporated (NASDAQ:DIOD) by 9.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,018 shares of the semiconductor company’s stock after buying an additional 3,389 shares during the quarter. Diodes accounts for approximately 1.1% of Centric Wealth Management’s holdings, making the stock its 26th biggest holding. Centric Wealth Management owned 0.09% of Diodes worth $3,303,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of Diodes by 3.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 529,879 shares of the semiconductor company’s stock valued at $42,666,000 after acquiring an additional 19,457 shares during the period. Channing Capital Management LLC boosted its holdings in shares of Diodes by 19.8% in the 4th quarter. Channing Capital Management LLC now owns 1,009,445 shares of the semiconductor company’s stock worth $81,281,000 after acquiring an additional 166,934 shares in the last quarter. Summit Global Investments grew its position in Diodes by 20.8% during the 4th quarter. Summit Global Investments now owns 4,648 shares of the semiconductor company’s stock worth $374,000 after acquiring an additional 800 shares during the last quarter. Natixis Advisors L.P. increased its holdings in Diodes by 2.5% during the 4th quarter. Natixis Advisors L.P. now owns 102,763 shares of the semiconductor company’s stock valued at $8,274,000 after purchasing an additional 2,547 shares in the last quarter. Finally, Heritage Wealth Management LLC bought a new position in Diodes in the 4th quarter valued at $201,000. 99.23% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Insider Activity at Diodes

In other news, CFO Brett R. Whitmire sold 3,400 shares of Diodes stock in a transaction 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 directly 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 SEC, which is available at the SEC website. In other news, CEO Keh Shew Lu sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $68.78, for a total value of $825,360.00. Following the completion of the transaction, the chief executive officer now owns 262,492 shares in the company, valued at $18,054,199.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brett R. Whitmire sold 3,400 shares of the firm’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $67.30, for a total transaction of $228,820.00. Following the sale, the chief financial officer now owns 48,265 shares in the company, valued at $3,248,234.50. The disclosure for this sale can be found here. Insiders have sold 25,900 shares of company stock worth $1,774,570 in the last ninety days. Company insiders own 2.30% of the company’s stock.

Diodes Trading Down 2.2 %

DIOD traded down $1.67 during trading on Wednesday, reaching $74.84. 114,510 shares of the company’s stock were exchanged, compared to its average volume of 337,583. The company’s fifty day moving average price is $69.44 and its 200-day moving average price is $70.39. The firm has a market capitalization of $3.46 billion, a PE ratio of 15.58 and a beta of 1.44. Diodes Incorporated has a fifty-two week low of $60.00 and a fifty-two week high of $97.37. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.03 and a current ratio of 3.02.

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

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.