Diodes Incorporated $DIOD Shares Sold by UBS Group AG

UBS Group AG decreased its position in shares of Diodes Incorporated (NASDAQ:DIOD) by 35.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 45,685 shares of the semiconductor company’s stock after selling 25,028 shares during the period. UBS Group AG’s holdings in Diodes were worth $2,254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Quent Capital LLC acquired a new stake in shares of Diodes during the 4th quarter worth approximately $222,000. Vanguard Group Inc. grew its stake in shares of Diodes by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 6,154,859 shares of the semiconductor company’s stock worth $303,681,000 after purchasing an additional 166,603 shares during the period. Evergreen Capital Management LLC acquired a new stake in shares of Diodes during the 4th quarter worth approximately $476,000. Tributary Capital Management LLC grew its stake in shares of Diodes by 7.1% during the 4th quarter. Tributary Capital Management LLC now owns 346,023 shares of the semiconductor company’s stock worth $17,073,000 after purchasing an additional 22,903 shares during the period. Finally, Farther Finance Advisors LLC grew its stake in shares of Diodes by 51.4% during the 4th quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 99.23% of the company’s stock.

Insider Transactions at Diodes

In other Diodes news, SVP Andy Tsong sold 1,582 shares of Diodes stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $106.95, for a total transaction of $169,194.90. Following the sale, the senior vice president owned 48,170 shares of the company’s stock, valued at $5,151,781.50. The trade was a 3.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gary Yu sold 3,632 shares of Diodes stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $110.08, for a total transaction of $399,810.56. Following the sale, the chief executive officer directly owned 108,147 shares in the company, valued at approximately $11,904,821.76. This trade represents a 3.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 52,651 shares of company stock worth $5,580,823 in the last ninety days. Company insiders own 1.70% of the company’s stock.

Diodes Price Performance

Diodes stock opened at $109.13 on Thursday. The company’s fifty day moving average price is $89.54 and its 200 day moving average price is $67.84. Diodes Incorporated has a 1 year low of $42.28 and a 1 year high of $117.80. The stock has a market capitalization of $5.01 billion, a P/E ratio of 59.31 and a beta of 1.93. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 3.17.

Diodes (NASDAQ:DIOD) last released its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.08. Diodes had a net margin of 5.50% and a return on equity of 3.48%. The firm had revenue of $405.47 million for the quarter, compared to analysts’ expectations of $396.33 million. During the same quarter last year, the company earned $0.19 EPS. The firm’s revenue for the quarter was up 22.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Diodes Incorporated will post 2.58 earnings per share for the current fiscal year.

Diodes News Roundup

Here are the key news stories impacting Diodes this week:

• Positive Sentiment: Diodes’ recent earnings results were strong, with the company beating EPS and revenue expectations and delivering year-over-year revenue growth, helping support the stock.
• Neutral Sentiment: The stock has been trading near its 52-week high, reflecting momentum from improved operating performance and broader investor optimism.
• Negative Sentiment: A cluster of insider sales by the CEO, CTO, SVP, and other executives may raise concern that management sees limited near-term upside at current levels. Wave of Insider Stock Sales Sweeps Through Diodes’ Executive Ranks

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on DIOD shares. Benchmark raised their price objective on shares of Diodes from $62.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Zacks Research raised shares of Diodes from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Wall Street Zen raised shares of Diodes from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Truist Financial lifted their price target on shares of Diodes from $98.00 to $139.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Finally, Robert W. Baird set a $120.00 price target on shares of Diodes in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $113.00.

About Diodes

Diodes Incorporated (NASDAQ: DIOD) is a global manufacturer and supplier of high‐performance discrete, logic, analog and mixed‐signal semiconductor products. Headquartered in Plano, Texas, the company designs and develops a broad range of discrete components, standard logic functions, power management circuits, interface products and array products. Its portfolio includes rectifiers, MOSFETs, general‐purpose diodes, voltage regulators, comparators, buffers and other building blocks for electronic systems.

Diodes Incorporated serves a variety of end markets such as automotive, computing, communications, consumer electronics, industrial and lighting.