Wealthfront Advisers LLC Buys New Stake in Diodes Incorporated (NASDAQ:DIOD)

Wealthfront Advisers LLC acquired a new stake in shares of Diodes Incorporated (NASDAQ:DIOD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 21,456 shares of the semiconductor company's stock, valued at approximately $1,323,000.

Several other large investors also recently bought and sold shares of DIOD. Truvestments Capital LLC purchased a new stake in Diodes during the 3rd quarter valued at about $29,000. Smartleaf Asset Management LLC grew its stake in Diodes by 198.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company's stock valued at $48,000 after acquiring an additional 522 shares in the last quarter. KBC Group NV grew its stake in Diodes by 33.9% during the 3rd quarter. KBC Group NV now owns 1,454 shares of the semiconductor company's stock valued at $93,000 after acquiring an additional 368 shares in the last quarter. Quest Partners LLC purchased a new stake in Diodes during the 3rd quarter valued at about $184,000. Finally, Verdence Capital Advisors LLC purchased a new stake in Diodes during the 4th quarter valued at about $250,000. Hedge funds and other institutional investors own 99.23% of the company's stock.

Diodes Trading Up 1.2 %

NASDAQ:DIOD traded up $0.56 on Wednesday, hitting $47.11. The stock had a trading volume of 620,071 shares, compared to its average volume of 376,411. The company has a quick ratio of 1.99, a current ratio of 3.26 and a debt-to-equity ratio of 0.01. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 49.59 and a beta of 1.31. The company has a fifty day moving average price of $55.01 and a two-hundred day moving average price of $59.72. Diodes Incorporated has a 1-year low of $44.24 and a 1-year high of $86.74.

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Diodes (NASDAQ:DIOD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The semiconductor company reported $0.27 EPS 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%. Equities research analysts expect that Diodes Incorporated will post 1.82 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insider Transactions at Diodes

In other news, CFO Brett R. Whitmire sold 830 shares of the company's stock in a transaction that occurred 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 transaction, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Emily Yang sold 950 shares of the company'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 approximately $3,648,596.28. This represents a 1.44 % 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 worth $262,267. 2.30% of the stock is currently owned by insiders.

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.