Wealthfront Advisers LLC Purchases New Position in Diodes Incorporated (NASDAQ:DIOD)

Wealthfront Advisers LLC bought a new position in Diodes Incorporated (NASDAQ:DIOD) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 21,456 shares of the semiconductor company’s stock, valued at approximately $1,323,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DIOD. Truvestments Capital LLC acquired a new stake in Diodes in the 3rd quarter worth approximately $29,000. Smartleaf Asset Management LLC lifted 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 purchasing an additional 522 shares during the last quarter. KBC Group NV lifted its holdings in shares of Diodes by 33.9% during the third quarter. KBC Group NV now owns 1,454 shares of the semiconductor company’s stock worth $93,000 after buying an additional 368 shares during the last quarter. Quest Partners LLC acquired a new position in shares of Diodes during the third quarter worth approximately $184,000. Finally, Verdence Capital Advisors LLC acquired a new position in shares of Diodes during the fourth quarter worth approximately $250,000. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Diodes

In other Diodes news, CFO Brett R. Whitmire sold 830 shares of the company’s 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 directly owns 51,525 shares in the company, valued at $2,887,461. This represents a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Gary Yu sold 2,900 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total value of $162,516.00. Following the completion of the sale, the president now 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 ninety days, insiders sold 4,680 shares of company stock worth $262,267. 2.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

DIOD has been the subject of a number of research analyst reports. Truist Financial cut their price target on Diodes from $63.00 to $53.00 and set a “hold” rating for the company in a report on Wednesday, February 12th. Benchmark cut their price target on Diodes from $74.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 12th.

Diodes Stock Performance

Shares of NASDAQ DIOD opened at $46.03 on Friday. The business has a fifty day simple moving average of $55.76 and a 200 day simple moving average of $60.09. 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 firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of 48.45 and a beta of 1.31. Diodes Incorporated has a one year low of $44.24 and a one year high of $86.74.

Diodes (NASDAQ:DIOD) last issued 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%. Sell-side analysts expect that Diodes Incorporated will post 1.82 EPS for the current year.

Diodes Company 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.