Edgestream Partners L.P. Sells 21,399 Shares of Diodes Incorporated (NASDAQ:DIOD)

Edgestream Partners L.P. lowered its stake in shares of Diodes Incorporated (NASDAQ:DIOD) by 49.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 22,129 shares of the semiconductor company’s stock after selling 21,399 shares during the period. Edgestream Partners L.P.’s holdings in Diodes were worth $1,365,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of DIOD. Truvestments Capital LLC purchased a new stake in shares of Diodes during the 3rd quarter valued at about $29,000. Smartleaf Asset Management LLC increased its holdings in Diodes by 198.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 522 shares in the last quarter. KBC Group NV increased its holdings in Diodes by 33.9% in the 3rd quarter. KBC Group NV now owns 1,454 shares of the semiconductor company’s stock worth $93,000 after acquiring an additional 368 shares in the last quarter. Quest Partners LLC purchased a new stake in Diodes in the 3rd quarter worth approximately $184,000. Finally, Verdence Capital Advisors LLC purchased a new stake in Diodes in the 4th quarter worth approximately $250,000. Institutional investors own 99.23% of the company’s stock.

Insider Buying and Selling

In other news, President Gary Yu sold 2,900 shares of Diodes stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total transaction of $162,516.00. Following the completion of the sale, the president now directly owns 79,697 shares in the company, valued at approximately $4,466,219.88. This trade represents a 3.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brett R. Whitmire sold 830 shares of Diodes stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total value of $46,513.20. Following the sale, the chief financial officer now owns 51,525 shares of the company’s stock, valued at approximately $2,887,461. This trade represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,680 shares of company stock worth $262,267 over the last three months. 2.30% of the stock is owned by insiders.

Analyst Ratings Changes

DIOD has been the subject of several analyst reports. Benchmark reduced their target price on shares of Diodes from $74.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Truist Financial reduced their target price on shares of Diodes from $63.00 to $53.00 and set a “hold” rating for the company in a report on Wednesday, February 12th. Finally, StockNews.com raised shares of Diodes from a “sell” rating to a “hold” rating in a report on Monday, November 11th.

Diodes Trading Down 5.5 %

Shares of DIOD opened at $46.38 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.26 and a quick ratio of 1.99. Diodes Incorporated has a 1 year low of $45.98 and a 1 year high of $86.74. The company has a 50 day simple moving average of $57.03 and a two-hundred day simple moving average of $60.68. The firm has a market cap of $2.15 billion, a P/E ratio of 48.82 and a beta of 1.31.

Diodes (NASDAQ:DIOD) last posted its earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 EPS 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%. On average, equities analysts expect that Diodes Incorporated will post 1.82 earnings per share for the current fiscal year.

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.