Diodes Incorporated (NASDAQ:DIOD) Shares Sold by Atria Investments Inc

Atria Investments Inc reduced its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 15.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,395 shares of the semiconductor company’s stock after selling 633 shares during the quarter. Atria Investments Inc’s holdings in Diodes were worth $209,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in DIOD. FMR LLC boosted its holdings in Diodes by 19.6% in the third quarter. FMR LLC now owns 5,785,134 shares of the semiconductor company’s stock valued at $370,769,000 after purchasing an additional 947,118 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Diodes by 9.4% during the 4th quarter. Victory Capital Management Inc. now owns 1,907,509 shares of the semiconductor company’s stock worth $117,636,000 after buying an additional 163,374 shares during the last quarter. Cinctive Capital Management LP acquired a new position in shares of Diodes in the 3rd quarter valued at $7,791,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Diodes by 50.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 257,633 shares of the semiconductor company’s stock valued at $15,795,000 after buying an additional 85,943 shares in the last quarter. Finally, Barclays PLC grew its position in shares of Diodes by 361.1% in the 3rd quarter. Barclays PLC now owns 79,799 shares of the semiconductor company’s stock valued at $5,114,000 after buying an additional 62,492 shares during the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Insider Transactions at Diodes

In other news, SVP Emily Yang sold 950 shares of Diodes stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction of $53,238.00. Following the completion of the sale, the senior vice president now directly owns 65,107 shares in the company, valued at approximately $3,648,596.28. This trade represents a 1.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Gary Yu sold 2,900 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was 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 approximately $4,466,219.88. This represents a 3.51 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 4,680 shares of company stock valued at $262,267. Corporate insiders own 2.30% of the company’s stock.

Analysts Set New Price Targets

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

Diodes Trading Down 0.8 %

NASDAQ:DIOD opened at $46.55 on Wednesday. Diodes Incorporated has a 12-month low of $44.24 and a 12-month 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’s 50 day simple moving average is $55.01 and its 200-day simple moving average is $59.72. The firm has a market cap of $2.16 billion, a P/E ratio of 49.00 and a beta of 1.31.

Diodes (NASDAQ:DIOD) last issued its earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.27). Diodes had a net margin of 3.36% and a return on equity of 3.28%. Equities analysts anticipate 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.