Pacer Advisors Inc. Buys 8,396 Shares of Diodes Incorporated $DIOD

Pacer Advisors Inc. boosted its stake in shares of Diodes Incorporated (NASDAQ:DIOD) by 6.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 147,336 shares of the semiconductor company’s stock after buying an additional 8,396 shares during the period. Pacer Advisors Inc. owned approximately 0.32% of Diodes worth $7,270,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its position in Diodes by 77.4% during the second quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 205 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of Diodes by 51.4% in the fourth quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 200 shares during the period. Geneos Wealth Management Inc. bought a new stake in shares of Diodes in the 2nd quarter worth about $30,000. MAI Capital Management lifted its holdings in shares of Diodes by 150.0% in the 3rd quarter. MAI Capital Management now owns 685 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 411 shares during the last quarter. Finally, Quarry LP purchased a new position in shares of Diodes during the 3rd quarter worth about $39,000. 99.23% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity at Diodes

In other Diodes news, CTO Francis Tang sold 15,330 shares of the business’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $112.04, for a total value of $1,717,573.20. Following the completion of the sale, the chief technology officer directly owned 71,438 shares of the company’s stock, valued at $8,003,913.52. The trade was a 17.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Andy Tsong sold 1,582 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $106.95, for a total transaction of $169,194.90. Following the completion of the transaction, the senior vice president owned 48,170 shares in the company, valued at $5,151,781.50. This represents a 3.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 70,981 shares of company stock worth $7,616,906 over the last ninety days. 1.70% of the stock is currently owned by company insiders.

Diodes Stock Performance

DIOD stock opened at $119.46 on Monday. Diodes Incorporated has a twelve month low of $42.28 and a twelve month high of $123.50. The firm has a market cap of $5.49 billion, a price-to-earnings ratio of 64.92 and a beta of 1.90. The business’s fifty day simple moving average is $103.01 and its two-hundred day simple moving average is $75.51. The company has a quick ratio of 1.97, a current ratio of 3.17 and a debt-to-equity ratio of 0.01.

Diodes (NASDAQ:DIOD) last issued its earnings results on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.08. The firm had revenue of $405.47 million during the quarter, compared to analyst estimates of $396.33 million. Diodes had a net margin of 5.50% and a return on equity of 3.48%. The business’s revenue was up 22.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.19 earnings per share. Analysts predict 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.