Tectonic Advisors LLC Makes New $790,000 Investment in Diodes Incorporated $DIOD

Tectonic Advisors LLC acquired a new stake in Diodes Incorporated (NASDAQ:DIOD) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 14,848 shares of the semiconductor company’s stock, valued at approximately $790,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Rhumbline Advisers grew its position in shares of Diodes by 7.9% in the 2nd quarter. Rhumbline Advisers now owns 146,315 shares of the semiconductor company’s stock worth $7,739,000 after buying an additional 10,744 shares during the last quarter. Pacer Advisors Inc. bought a new stake in Diodes in the third quarter valued at $7,393,000. Vanguard Personalized Indexing Management LLC boosted its holdings in Diodes by 51.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 8,304 shares of the semiconductor company’s stock valued at $439,000 after acquiring an additional 2,806 shares in the last quarter. Parallel Advisors LLC increased its position in Diodes by 52.0% during the 2nd quarter. Parallel Advisors LLC now owns 757 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 259 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Diodes by 283.1% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 544 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 402 shares in the last quarter. Institutional investors own 99.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DIOD. Wall Street Zen lowered shares of Diodes from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Zacks Research lowered shares of Diodes from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. Truist Financial lifted their price objective on Diodes from $51.00 to $54.00 and gave the company a “hold” rating in a research report on Friday, December 19th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Diodes in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $55.33.

Insider Buying and Selling

In other news, Director Keh Shew Lu sold 6,000 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $47.42, for a total value of $284,520.00. Following the sale, the director directly owned 244,397 shares of the company’s stock, valued at approximately $11,589,305.74. This represents a 2.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.90% of the company’s stock.

Diodes Trading Up 4.2%

NASDAQ:DIOD opened at $51.43 on Friday. The firm has a market capitalization of $2.39 billion, a P/E ratio of 37.27 and a beta of 1.65. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.32 and a quick ratio of 2.09. Diodes Incorporated has a one year low of $32.93 and a one year high of $67.12. The company’s 50-day simple moving average is $49.28 and its 200 day simple moving average is $52.05.

Diodes (NASDAQ:DIOD) last released its earnings results on Tuesday, March 8th. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter. The firm had revenue of $350.37 million during the quarter. Diodes had a net margin of 4.49% and a return on equity of 2.81%. As a group, analysts forecast that Diodes Incorporated will post 1.82 EPS for the current fiscal year.

Diodes Profile

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.