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

Trust Point Inc. lowered its holdings in Diodes Incorporated (NASDAQ:DIOD) by 20.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,148 shares of the semiconductor company’s stock after selling 2,081 shares during the quarter. Trust Point Inc.’s holdings in Diodes were worth $502,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Truvestments Capital LLC acquired a new stake in shares of Diodes in the third quarter worth $29,000. GAMMA Investing LLC grew its position in Diodes by 68.9% during the third quarter. GAMMA Investing LLC now owns 765 shares of the semiconductor company’s stock valued at $49,000 after buying an additional 312 shares during the period. KBC Group NV grew its position in Diodes by 33.9% during the third quarter. KBC Group NV now owns 1,454 shares of the semiconductor company’s stock valued at $93,000 after buying an additional 368 shares during the period. Quest Partners LLC acquired a new stake in Diodes during the third quarter valued at $184,000. Finally, EP Wealth Advisors LLC acquired a new stake in Diodes during the third quarter valued at $260,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

Diodes Stock Up 2.8 %

Shares of NASDAQ DIOD opened at $58.56 on Thursday. The company’s 50-day simple moving average is $61.97 and its 200-day simple moving average is $63.63. The company has a quick ratio of 2.21, a current ratio of 3.58 and a debt-to-equity ratio of 0.01. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 44.36 and a beta of 1.31. Diodes Incorporated has a 52-week low of $52.71 and a 52-week high of $86.74.

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

Insider Transactions at Diodes

In other Diodes news, CFO Brett R. Whitmire sold 830 shares of Diodes stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction of $46,513.20. Following the transaction, the chief financial officer now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Gary Yu sold 2,900 shares of Diodes stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total transaction of $162,516.00. Following the transaction, the president now directly owns 79,697 shares in the company, valued at $4,466,219.88. This trade represents a 3.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,680 shares of company stock valued at $262,267. Corporate insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on DIOD. StockNews.com upgraded shares of Diodes from a “sell” rating to a “hold” rating in a research report on Monday, November 11th. Benchmark dropped their price target on shares of Diodes from $83.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, November 11th. Finally, Truist Financial dropped their price target on shares of Diodes from $69.00 to $62.00 and set a “hold” rating on the stock in a research report on Friday, November 8th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Diodes currently has an average rating of “Hold” and a consensus price target of $72.80.

Diodes 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.