Connable Office Inc. Sells 217 Shares of Diodes Incorporated (NASDAQ:DIOD)

Connable Office Inc. trimmed its position in Diodes Incorporated (NASDAQ:DIOD) by 3.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 5,555 shares of the semiconductor company’s stock after selling 217 shares during the quarter. Connable Office Inc.’s holdings in Diodes were worth $356,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its position in shares of Diodes by 66.5% in the 2nd quarter. GAMMA Investing LLC now owns 453 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 181 shares in the last quarter. EntryPoint Capital LLC bought a new position in Diodes in the first quarter worth about $40,000. Innealta Capital LLC purchased a new stake in shares of Diodes during the second quarter valued at about $88,000. KBC Group NV boosted its holdings in shares of Diodes by 33.9% in the 3rd 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 in the last quarter. Finally, EMC Capital Management grew its position in shares of Diodes by 25.8% in the 1st quarter. EMC Capital Management now owns 1,632 shares of the semiconductor company’s stock worth $115,000 after buying an additional 335 shares during the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DIOD has been the subject of several recent analyst reports. StockNews.com upgraded shares of Diodes from a “sell” rating to a “hold” rating in a research note on Monday. Benchmark decreased their price objective on Diodes from $83.00 to $75.00 and set a “buy” rating for the company in a report on Monday. Finally, Truist Financial dropped their target price on 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 assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $72.80.

Diodes Trading Down 2.3 %

NASDAQ:DIOD opened at $55.01 on Friday. The firm has a fifty day simple moving average of $62.07 and a 200-day simple moving average of $68.89. Diodes Incorporated has a 12 month low of $53.97 and a 12 month high of $86.74. 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 capitalization of $2.55 billion, a P/E ratio of 41.67 and a beta of 1.32.

Insider Transactions at Diodes

In related news, CFO Brett R. Whitmire sold 1,900 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $69.99, for a total value of $132,981.00. Following the completion of the transaction, the chief financial officer now owns 46,365 shares of the company’s stock, valued at approximately $3,245,086.35. This represents a 3.94 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Keh Shew Lu sold 20,010 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $67.25, for a total value of $1,345,672.50. Following the transaction, the chief executive officer now owns 246,492 shares in the company, valued at $16,576,587. This trade represents a 7.51 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 24,182 shares of company stock worth $1,640,921 over the last three months. 2.30% of the stock is currently owned by insiders.

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.