Azzad Asset Management Inc. ADV Has $1.15 Million Position in Diodes Incorporated $DIOD

Azzad Asset Management Inc. ADV cut its stake in Diodes Incorporated (NASDAQ:DIOD) by 24.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,795 shares of the semiconductor company’s stock after selling 5,321 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in Diodes were worth $1,146,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Captrust Financial Advisors increased its stake in Diodes by 3.1% in the fourth quarter. Captrust Financial Advisors now owns 4,882 shares of the semiconductor company’s stock valued at $241,000 after purchasing an additional 145 shares in the last quarter. Verdence Capital Advisors LLC boosted its position in shares of Diodes by 2.3% during the fourth quarter. Verdence Capital Advisors LLC now owns 8,430 shares of the semiconductor company’s stock worth $416,000 after purchasing an additional 186 shares in the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Diodes by 51.4% in the 4th quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 200 shares during the period. Strs Ohio increased its position in shares of Diodes by 2.2% in the 4th quarter. Strs Ohio now owns 9,100 shares of the semiconductor company’s stock valued at $449,000 after buying an additional 200 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Diodes by 77.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 205 shares in the last quarter. Institutional investors own 99.23% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Emily Yang sold 3,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president directly owned 61,878 shares of the company’s stock, valued at $6,811,530.24. This trade represents a 4.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Andy Tsong sold 1,582 shares of Diodes stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $106.95, for a total transaction of $169,194.90. Following the completion of the sale, the senior vice president owned 48,170 shares in the company, valued at $5,151,781.50. This trade represents a 3.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 70,981 shares of company stock worth $7,616,906 in the last 90 days. Company insiders own 1.70% of the company’s stock.

Analyst Ratings Changes

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

Diodes Price Performance

Shares of NASDAQ DIOD opened at $96.38 on Friday. The firm has a market cap of $4.43 billion, a PE ratio of 52.38 and a beta of 1.88. The company has a current ratio of 3.17, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a 1-year low of $42.28 and a 1-year high of $125.99. The company has a fifty day moving average price of $105.74 and a 200 day moving average price of $80.84.

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