Blue Trust Inc. Trims Stake in Diodes Incorporated (NASDAQ:DIOD)

Blue Trust Inc. trimmed its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 48.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,486 shares of the semiconductor company’s stock after selling 2,331 shares during the period. Blue Trust Inc.’s holdings in Diodes were worth $153,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in DIOD. Victory Capital Management Inc. lifted its stake in Diodes by 130.9% during the third quarter. Victory Capital Management Inc. now owns 1,744,135 shares of the semiconductor company’s stock worth $111,782,000 after purchasing an additional 988,671 shares during the last quarter. FMR LLC lifted its stake in Diodes by 19.6% during the third quarter. FMR LLC now owns 5,785,134 shares of the semiconductor company’s stock worth $370,769,000 after purchasing an additional 947,118 shares during the last quarter. Cinctive Capital Management LP bought a new stake in Diodes during the third quarter worth about $7,791,000. Allspring Global Investments Holdings LLC lifted its stake in Diodes by 50.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 257,633 shares of the semiconductor company’s stock worth $15,795,000 after purchasing an additional 85,943 shares during the last quarter. Finally, Barclays PLC lifted its stake in Diodes by 361.1% during the third quarter. Barclays PLC now owns 79,799 shares of the semiconductor company’s stock worth $5,114,000 after purchasing an additional 62,492 shares during the last quarter. Institutional investors own 99.23% of the company’s stock.

Insider Activity at Diodes

In related news, CFO Brett R. Whitmire sold 830 shares of the business’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total transaction of $46,513.20. Following the transaction, the chief financial officer now owns 51,525 shares in the company, valued at $2,887,461. The trade was a 1.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Gary Yu sold 2,900 shares of the business’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 $162,516.00. Following the transaction, the president now owns 79,697 shares in the company, 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. 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 Down 0.3 %

NASDAQ DIOD opened at $56.95 on Friday. Diodes Incorporated has a 1-year low of $50.26 and a 1-year high of $86.74. The company has a current ratio of 3.26, a quick ratio of 1.99 and a debt-to-equity ratio of 0.01. The stock has a 50-day moving average of $60.05 and a 200-day moving average of $61.91. The firm has a market cap of $2.64 billion, a PE ratio of 59.95 and a beta of 1.31.

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DIOD. StockNews.com raised Diodes from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Truist Financial lowered their target price on Diodes from $63.00 to $53.00 and set a “hold” rating for the company in a research note on Wednesday, February 12th. Finally, Benchmark lowered their target price on Diodes from $74.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th.

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.