Diodes Incorporated $DIOD Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC reduced its stake in shares of Diodes Incorporated (NASDAQ:DIOD) by 17.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,454 shares of the semiconductor company’s stock after selling 4,806 shares during the quarter. Corient Private Wealth LLC’s holdings in Diodes were worth $1,166,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Pacer Advisors Inc. grew its holdings in Diodes by 6.0% during the 4th quarter. Pacer Advisors Inc. now owns 147,336 shares of the semiconductor company’s stock valued at $7,270,000 after purchasing an additional 8,396 shares in the last quarter. Summit Global Investments acquired a new stake in shares of Diodes during the fourth quarter valued at about $211,000. Vident Advisory LLC purchased a new stake in shares of Diodes during the fourth quarter worth about $977,000. XTX Topco Ltd purchased a new stake in shares of Diodes during the fourth quarter worth about $795,000. Finally, Millennium Management LLC lifted its stake in shares of Diodes by 472.7% in the fourth quarter. Millennium Management LLC now owns 31,361 shares of the semiconductor company’s stock worth $1,547,000 after acquiring an additional 25,885 shares in the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Brett R. Whitmire sold 16,556 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $103.34, for a total value of $1,710,897.04. Following the sale, the chief financial officer directly owned 44,632 shares in the company, valued at $4,612,270.88. This trade represents a 27.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $110.08, for a total value of $399,810.56. Following the sale, the chief executive officer directly owned 108,147 shares in the company, valued at $11,904,821.76. The trade was a 3.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 70,981 shares of company stock worth $7,616,906. 1.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Zacks Research lowered Diodes from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Truist Financial boosted their target price on shares of Diodes from $98.00 to $139.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Finally, Robert W. Baird set a $120.00 target price on shares of Diodes in a research note on Friday, May 8th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $113.00.

Diodes Trading Down 3.7%

Shares of NASDAQ:DIOD opened at $105.39 on Thursday. The company has a quick ratio of 1.97, a current ratio of 3.17 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average price is $106.39 and its 200 day moving average price is $78.86. The company has a market cap of $4.84 billion, a PE ratio of 57.28 and a beta of 1.88. Diodes Incorporated has a fifty-two week low of $42.28 and a fifty-two week high of $125.99.

Diodes (NASDAQ:DIOD) last posted its earnings results on Thursday, May 7th. The semiconductor company reported $0.43 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $396.33 million. During the same quarter in the prior year, the firm earned $0.19 EPS. Diodes’s quarterly revenue was up 22.1% on a year-over-year basis. Sell-side analysts anticipate that Diodes Incorporated will post 2.58 earnings per share for the current year.

Diodes Company 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.