Corient Private Wealth LLC Cuts Position in Diodes Incorporated $DIOD

Corient Private Wealth LLC lowered its position in Diodes Incorporated (NASDAQ:DIOD) by 17.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,454 shares of the semiconductor company’s stock after selling 4,806 shares during the quarter. Corient Private Wealth LLC owned approximately 0.05% of Diodes worth $1,166,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its position in shares of Diodes by 77.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 205 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Diodes by 51.4% during the 4th quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock worth $29,000 after buying an additional 200 shares during the last quarter. Geneos Wealth Management Inc. purchased a new stake in Diodes during the 2nd quarter worth about $30,000. MAI Capital Management boosted its position in shares of Diodes by 150.0% during 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 in the last quarter. Finally, Quarry LP acquired a new position in shares of Diodes during the 3rd quarter worth about $39,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

Insider Buying and Selling at Diodes

In other Diodes news, CTO Francis Tang sold 15,330 shares of the business’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $112.04, for a total transaction of $1,717,573.20. Following the sale, the chief technology officer directly owned 71,438 shares in the company, valued at approximately $8,003,913.52. The trade was a 17.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary Yu sold 3,632 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $110.08, for a total value of $399,810.56. Following the completion of the sale, the chief executive officer directly owned 108,147 shares in the company, valued at $11,904,821.76. This trade represents a 3.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 70,981 shares of company stock worth $7,616,906. Company insiders own 1.70% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Diodes Stock Performance

NASDAQ DIOD opened at $105.39 on Thursday. The company has a current ratio of 3.17, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $106.39 and its two-hundred day moving average is $78.86. Diodes Incorporated has a 12-month low of $42.28 and a 12-month high of $125.99. The stock has a market capitalization of $4.84 billion, a price-to-earnings ratio of 57.28 and a beta of 1.88.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.08. The firm had revenue of $405.47 million for the quarter, compared to analyst estimates of $396.33 million. Diodes had a return on equity of 3.48% and a net margin of 5.50%.Diodes’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.19 earnings per share. Research analysts expect that Diodes Incorporated will post 2.58 EPS 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.