Diodes Incorporated (NASDAQ:DIOD) Stock Position Trimmed by Edgestream Partners L.P.

Edgestream Partners L.P. reduced its position in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) by 49.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,129 shares of the semiconductor company's stock after selling 21,399 shares during the quarter. Edgestream Partners L.P.'s holdings in Diodes were worth $1,365,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. KBC Group NV lifted its stake in Diodes by 33.9% in the 3rd quarter. KBC Group NV now owns 1,454 shares of the semiconductor company's stock worth $93,000 after purchasing an additional 368 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in Diodes by 6.4% in the 4th quarter. Sanctuary Advisors LLC now owns 7,087 shares of the semiconductor company's stock worth $414,000 after purchasing an additional 425 shares in the last quarter. Truvestments Capital LLC acquired a new stake in shares of Diodes during the 3rd quarter worth approximately $29,000. Smartleaf Asset Management LLC increased its holdings in shares of Diodes by 198.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company's stock worth $48,000 after buying an additional 522 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Diodes by 2.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 25,799 shares of the semiconductor company's stock worth $1,653,000 after buying an additional 649 shares during the last quarter. 99.23% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Benchmark cut their price target on shares of Diodes from $74.00 to $65.00 and set a "buy" rating for the company in a report on Wednesday, February 12th. Truist Financial decreased their price target on shares of Diodes from $63.00 to $53.00 and set a "hold" rating for the company in a research report on Wednesday, February 12th.

Insider Activity at Diodes

In other news, CFO Brett R. Whitmire sold 830 shares of the stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total value of $46,513.20. Following the completion of the sale, the chief financial officer now owns 51,525 shares of the company's stock, valued at $2,887,461. This represents a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Emily Yang sold 950 shares of the firm's stock in a transaction 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 sale, the senior vice president now directly owns 65,107 shares of the company's stock, valued at approximately $3,648,596.28. The trade was a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,680 shares of company stock valued at $262,267. Company insiders own 2.30% of the company's stock.

Diodes Price Performance

DIOD traded down $1.35 on Thursday, hitting $45.94. 501,822 shares of the company were exchanged, compared to its average volume of 497,273. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.99 and a current ratio of 3.26. The business's fifty day moving average is $56.42 and its 200 day moving average is $60.41. Diodes Incorporated has a fifty-two week low of $44.24 and a fifty-two week high of $86.74. The firm has a market capitalization of $2.13 billion, a P/E ratio of 48.36 and a beta of 1.31.

Diodes (NASDAQ:DIOD - Get Free Report) 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 return on equity of 3.28% and a net margin of 3.36%. As a group, sell-side 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.