Diversified Trust Co Has $817,000 Stake in Diodes Incorporated $DIOD

Diversified Trust Co lifted its position in Diodes Incorporated (NASDAQ:DIOD) by 162.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,964 shares of the semiconductor company’s stock after buying an additional 7,397 shares during the quarter. Diversified Trust Co’s holdings in Diodes were worth $817,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its position in Diodes by 77.4% in the second quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 205 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of 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 purchasing an additional 200 shares during the last quarter. Geneos Wealth Management Inc. bought a new position in shares of Diodes during the 2nd quarter valued at $30,000. MAI Capital Management raised its holdings in shares of Diodes by 150.0% during the 3rd quarter. MAI Capital Management now owns 685 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 411 shares in the last quarter. Finally, Quarry LP acquired a new stake in shares of Diodes in the 3rd quarter valued at $39,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

Insider Buying and Selling

In related news, SVP Emily Yang sold 3,000 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $110.08, for a total transaction of $330,240.00. Following the transaction, the senior vice president owned 61,878 shares of the company’s stock, valued at approximately $6,811,530.24. The trade was a 4.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 transaction, the chief technology officer directly owned 71,438 shares in the company, valued at $8,003,913.52. This trade represents a 17.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 70,981 shares of company stock worth $7,616,906. 1.70% of the stock is currently owned by company insiders.

Diodes Stock Up 0.9%

DIOD stock opened at $113.04 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.17 and a quick ratio of 1.97. Diodes Incorporated has a 52-week low of $42.28 and a 52-week high of $125.99. The company has a 50-day moving average of $104.90 and a two-hundred day moving average of $76.91. The stock has a market capitalization of $5.19 billion, a price-to-earnings ratio of 61.44 and a beta of 1.90.

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

Wall Street Analysts Forecast Growth

DIOD has been the topic of several analyst reports. Zacks Research downgraded shares of Diodes from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 15th. Truist Financial boosted their price target on Diodes from $98.00 to $139.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Finally, Robert W. Baird set a $120.00 price target on Diodes in a research note on Friday, May 8th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.00.

About Diodes

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.