Diodes Incorporated (NASDAQ:DIOD) Shares Sold by Trust Point Inc.

Trust Point Inc. cut its stake in shares of Diodes Incorporated (NASDAQ:DIOD) by 20.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 8,148 shares of the semiconductor company’s stock after selling 2,081 shares during the period. Trust Point Inc.’s holdings in Diodes were worth $502,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in DIOD. Victory Capital Management Inc. increased its position in shares of Diodes by 130.9% during the third quarter. Victory Capital Management Inc. now owns 1,744,135 shares of the semiconductor company’s stock valued at $111,782,000 after acquiring an additional 988,671 shares during the last quarter. FMR LLC increased its position in shares of Diodes by 19.6% during the third quarter. FMR LLC now owns 5,785,134 shares of the semiconductor company’s stock valued at $370,769,000 after acquiring an additional 947,118 shares during the last quarter. Cinctive Capital Management LP acquired a new position in shares of Diodes in the third quarter valued at approximately $7,791,000. Barclays PLC increased its stake in Diodes by 361.1% during the 3rd quarter. Barclays PLC now owns 79,799 shares of the semiconductor company’s stock worth $5,114,000 after buying an additional 62,492 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Diodes by 34.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 226,742 shares of the semiconductor company’s stock worth $14,532,000 after buying an additional 58,597 shares during the period. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently weighed in on DIOD. StockNews.com raised shares of Diodes from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Benchmark cut their target price on shares of Diodes from $83.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. Finally, Truist Financial cut their target price on shares of Diodes from $69.00 to $62.00 and set a “hold” rating on the stock in a research note on Friday, November 8th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $72.80.

Diodes Trading Up 2.8 %

Shares of NASDAQ:DIOD opened at $58.56 on Thursday. Diodes Incorporated has a 52 week low of $52.71 and a 52 week high of $86.74. The company’s 50 day moving average is $61.97 and its two-hundred day moving average is $63.63. The company has a current ratio of 3.58, a quick ratio of 2.21 and a debt-to-equity ratio of 0.01. The company has a market cap of $2.71 billion, a PE ratio of 44.36 and a beta of 1.31.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings data on Thursday, November 7th. The semiconductor company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. Diodes had a net margin of 4.72% and a return on equity of 3.90%. The company had revenue of $350.08 million for the quarter, compared to the consensus estimate of $346.30 million. During the same period in the prior year, the firm posted $1.13 EPS. Equities analysts predict that Diodes Incorporated will post 1.35 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Brett R. Whitmire sold 830 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction of $46,513.20. Following the completion of the sale, the chief financial officer now owns 51,525 shares in the company, valued at $2,887,461. This represents a 1.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Gary Yu sold 2,900 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total transaction of $162,516.00. Following the sale, the president now owns 79,697 shares of the company’s stock, valued at approximately $4,466,219.88. This represents a 3.51 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,680 shares of company stock worth $262,267. Corporate insiders own 2.30% of the company’s stock.

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.