Envestnet Asset Management Inc. Sells 13,022 Shares of Diodes Incorporated (NASDAQ:DIOD)

Envestnet Asset Management Inc. lessened its stake in Diodes Incorporated (NASDAQ:DIOD) by 7.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 174,053 shares of the semiconductor company’s stock after selling 13,022 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.38% of Diodes worth $10,734,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in DIOD. Smartleaf Asset Management LLC grew its position in shares of Diodes by 198.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company’s stock valued at $48,000 after acquiring an additional 522 shares during the period. Quantbot Technologies LP bought a new stake in Diodes in the fourth quarter valued at approximately $79,000. KBC Group NV boosted its stake in shares of Diodes by 36.7% during the 4th quarter. KBC Group NV now owns 1,987 shares of the semiconductor company’s stock worth $123,000 after acquiring an additional 533 shares during the period. Xponance Inc. acquired a new position in shares of Diodes during the 4th quarter worth approximately $203,000. Finally, Verdence Capital Advisors LLC acquired a new stake in Diodes during the 4th quarter valued at $250,000. 99.23% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Diodes news, SVP Emily Yang sold 950 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total value of $53,238.00. Following the transaction, the senior vice president now directly owns 65,107 shares of the company’s stock, valued at $3,648,596.28. This trade represents a 1.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brett R. Whitmire sold 830 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 51,525 shares of the company’s stock, valued at $2,887,461. The trade was a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,680 shares of company stock worth $262,267 in the last 90 days. Company insiders own 2.30% of the company’s stock.

Diodes Trading Up 0.4 %

DIOD stock opened at $34.40 on Friday. Diodes Incorporated has a 52 week low of $32.93 and a 52 week high of $86.74. The company has a market capitalization of $1.60 billion, a PE ratio of 36.21 and a beta of 1.43. The company’s 50-day simple moving average is $45.70 and its 200 day simple moving average is $56.21. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.99 and a current ratio of 3.26.

Diodes (NASDAQ:DIOD) last announced its earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.27). Diodes had a return on equity of 3.28% and a net margin of 3.36%. As a group, sell-side analysts anticipate that Diodes Incorporated will post 1.82 earnings per share for the current year.

Wall Street Analyst Weigh In

DIOD has been the topic of several research reports. Baird R W upgraded shares of Diodes from a “hold” rating to a “strong-buy” rating in a report on Monday, April 7th. Truist Financial decreased their price target on shares of Diodes from $63.00 to $53.00 and set a “hold” rating on the stock in a research note on Wednesday, February 12th. Robert W. Baird upgraded shares of Diodes from a “neutral” rating to an “outperform” rating and set a $50.00 price objective for the company in a research report on Monday, April 7th. Finally, Benchmark decreased their target price on Diodes from $74.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $56.00.

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.