Proficio Capital Partners LLC Purchases New Position in Diodes Incorporated (NASDAQ:DIOD)

Proficio Capital Partners LLC purchased a new stake in Diodes Incorporated (NASDAQ:DIOD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 15,726 shares of the semiconductor company's stock, valued at approximately $970,000.

A number of other large investors have also recently modified their holdings of the business. JPMorgan Chase & Co. grew its stake in Diodes by 34.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 226,742 shares of the semiconductor company's stock worth $14,532,000 after buying an additional 58,597 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Diodes by 5.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 626,106 shares of the semiconductor company's stock worth $40,127,000 after acquiring an additional 31,089 shares in the last quarter. Geode Capital Management LLC increased its stake in Diodes by 3.6% in the third quarter. Geode Capital Management LLC now owns 1,266,052 shares of the semiconductor company's stock valued at $81,154,000 after acquiring an additional 43,841 shares during the last quarter. Versor Investments LP purchased a new stake in Diodes during the third quarter valued at about $680,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Diodes in the 3rd quarter worth about $922,000. Institutional investors own 99.23% of the company's stock.

Insider Buying and Selling at Diodes

In other news, President Gary Yu sold 2,900 shares of the company's stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total value of $162,516.00. Following the sale, the president now directly owns 79,697 shares of the company's stock, valued at $4,466,219.88. This represents a 3.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Brett R. Whitmire sold 830 shares of Diodes stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction of $46,513.20. Following the transaction, the chief financial officer now directly owns 51,525 shares of the company's stock, valued at approximately $2,887,461. This trade represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,680 shares of company stock valued at $262,267. 2.30% of the stock is currently owned by corporate insiders.

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Diodes Trading Down 1.9 %

Shares of DIOD stock traded down $0.90 during trading hours on Tuesday, reaching $45.48. The company's stock had a trading volume of 1,249,875 shares, compared to its average volume of 497,828. 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 has a market capitalization of $2.11 billion, a P/E ratio of 47.87 and a beta of 1.31. The firm's fifty day simple moving average is $57.03 and its 200 day simple moving average is $60.68. Diodes Incorporated has a one year low of $44.24 and a one year high of $86.74.

Diodes (NASDAQ:DIOD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.27). Diodes had a net margin of 3.36% and a return on equity of 3.28%. Equities research analysts expect that Diodes Incorporated will post 1.82 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DIOD. StockNews.com upgraded shares of Diodes from a "sell" rating to a "hold" rating in a research report on Monday, November 11th. Benchmark lowered their price objective on Diodes from $74.00 to $65.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. Finally, Truist Financial decreased their target price on shares of Diodes from $63.00 to $53.00 and set a "hold" rating on the stock in a research note on Wednesday, February 12th.

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.