Atria Wealth Solutions Inc. Sells 272 Shares of Diodes Incorporated (NASDAQ:DIOD)

Atria Wealth Solutions Inc. reduced its position in Diodes Incorporated (NASDAQ:DIOD) by 7.2% during the fourth quarter, according to its most recent 13F filing with the SEC. 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 recently modified their holdings of DIOD. Tributary Capital Management LLC boosted its stake in Diodes by 15.9% in the fourth quarter. Tributary Capital Management LLC now owns 225,029 shares of the semiconductor company’s stock valued at $18,119,000 after acquiring an additional 30,840 shares in the last quarter. Sei Investments Co. grew its stake in Diodes by 10.9% during the 3rd quarter. Sei Investments Co. now owns 586,721 shares of the semiconductor company’s stock worth $46,257,000 after buying an additional 57,817 shares during the last quarter. Federated Hermes Inc. increased its position in Diodes by 30.4% during the 3rd quarter. Federated Hermes Inc. now owns 24,807 shares of the semiconductor company’s stock valued at $1,956,000 after buying an additional 5,786 shares in the last quarter. Great Lakes Advisors LLC raised its stake in Diodes by 22.5% in the third quarter. Great Lakes Advisors LLC now owns 142,105 shares of the semiconductor company’s stock valued at $11,204,000 after buying an additional 26,142 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in Diodes by 5.2% in the fourth quarter. Fifth Third Bancorp now owns 23,096 shares of the semiconductor company’s stock worth $1,860,000 after acquiring an additional 1,142 shares in the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Truist Financial decreased their price objective on shares of Diodes from $78.00 to $67.00 and set a “hold” rating for the company in a research report on Wednesday, February 7th. TD Cowen upped their target price on Diodes from $72.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Finally, Wells Fargo & Company lowered their price target on 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 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 has a consensus rating of “Hold” and an average target price of $72.40.

Insider Buying and Selling at Diodes

In other news, CEO Keh Shew Lu sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $68.06, for a total transaction of $102,090.00. Following the sale, the chief executive officer now owns 281,992 shares of the company’s stock, valued at approximately $19,192,375.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Diodes news, CEO Keh Shew Lu sold 1,500 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $68.06, for a total value of $102,090.00. Following the completion of the transaction, the chief executive officer now owns 281,992 shares in the company, valued at $19,192,375.52. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Brett R. Whitmire sold 3,400 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $67.30, for a total value 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. Over the last ninety days, insiders sold 25,900 shares of company stock valued at $1,774,570. 2.30% of the stock is owned by company insiders.

Diodes Stock Down 2.5 %

NASDAQ:DIOD opened at $74.56 on Thursday. The firm has a market capitalization of $3.44 billion, a P/E ratio of 15.19 and a beta of 1.44. The company’s fifty day moving average price is $69.58 and its 200-day moving average price is $70.42. Diodes Incorporated has a 1-year low of $60.00 and a 1-year high of $97.37. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.02 and a quick ratio of 2.03.

Diodes (NASDAQ:DIOD) last released its quarterly earnings data 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. The business had revenue of $322.70 million during 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 revenue was down 35.0% on a year-over-year basis. During the same quarter last year, the business posted $1.73 EPS. As a group, equities research analysts anticipate that Diodes Incorporated will post 2.55 EPS for the current year.

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.