Proficio Capital Partners LLC Invests $970,000 in Diodes Incorporated (NASDAQ:DIOD)

Proficio Capital Partners LLC acquired a new stake in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,726 shares of the semiconductor company's stock, valued at approximately $970,000.

Other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. raised its holdings in Diodes by 9.4% in the 4th quarter. Victory Capital Management Inc. now owns 1,907,509 shares of the semiconductor company's stock worth $117,636,000 after acquiring an additional 163,374 shares during the period. Keybank National Association OH grew its position in shares of Diodes by 15.4% in the fourth quarter. Keybank National Association OH now owns 6,461 shares of the semiconductor company's stock valued at $398,000 after purchasing an additional 861 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Diodes by 9.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 687,245 shares of the semiconductor company's stock worth $42,382,000 after purchasing an additional 61,139 shares during the period. Smartleaf Asset Management LLC lifted its position 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 purchasing an additional 522 shares during the last quarter. Finally, US Bancorp DE boosted its stake in Diodes by 6.9% during the 4th quarter. US Bancorp DE now owns 25,002 shares of the semiconductor company's stock valued at $1,542,000 after purchasing an additional 1,614 shares during the period. 99.23% of the stock is owned by institutional investors.

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Insider Transactions at Diodes

In related news, SVP Emily Yang sold 950 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total transaction of $53,238.00. Following the completion of the transaction, the senior vice president now owns 65,107 shares in the company, valued at $3,648,596.28. This trade represents a 1.44 % 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 the business's 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 directly owns 51,525 shares in the company, valued at approximately $2,887,461. This represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 4,680 shares of company stock valued at $262,267. Company insiders own 2.30% of the company's stock.

Analyst Ratings Changes

DIOD has been the topic of several recent analyst reports. Benchmark dropped their price target on Diodes from $74.00 to $65.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. Truist Financial dropped their target price on shares of Diodes from $63.00 to $53.00 and set a "hold" rating on the stock in a research report on Wednesday, February 12th.

Diodes Stock Performance

Diodes stock traded down $0.09 during trading hours on Tuesday, hitting $46.83. The stock had a trading volume of 258,706 shares, compared to its average volume of 379,553. The company has a 50-day moving average of $53.68 and a two-hundred day moving average of $59.20. The company has a quick ratio of 1.99, a current ratio of 3.26 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a fifty-two week low of $44.24 and a fifty-two week high of $86.74. The company has a market cap of $2.17 billion, a PE ratio of 49.29 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 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%. On average, equities research analysts anticipate that Diodes Incorporated will post 1.82 EPS for the current fiscal year.

Diodes 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.