Oppenheimer Asset Management Inc. Acquires 1,337 Shares of Diodes Incorporated (NASDAQ:DIOD)

Oppenheimer Asset Management Inc. lifted its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 7.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,391 shares of the semiconductor company’s stock after acquiring an additional 1,337 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Diodes were worth $1,395,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its holdings in Diodes by 66.5% in the 2nd quarter. GAMMA Investing LLC now owns 453 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 181 shares in the last quarter. EntryPoint Capital LLC bought a new position in Diodes in the first quarter worth about $40,000. Riverview Trust Co purchased a new stake in Diodes in the first quarter worth about $51,000. Principal Securities Inc. bought a new stake in Diodes during the 4th quarter valued at approximately $74,000. Finally, NBC Securities Inc. grew its holdings in shares of Diodes by 62.3% during the 1st quarter. NBC Securities Inc. now owns 1,227 shares of the semiconductor company’s stock worth $86,000 after acquiring an additional 471 shares during the period. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on DIOD shares. Truist Financial decreased their price objective on Diodes from $74.00 to $69.00 and set a “hold” rating for the company in a report on Friday, August 9th. StockNews.com cut shares of Diodes from a “hold” rating to a “sell” rating in a research report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $73.20.

Insider Transactions at Diodes

In other news, CFO Brett R. Whitmire sold 1,900 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $69.99, for a total transaction of $132,981.00. Following the transaction, the chief financial officer now directly owns 46,365 shares of the company’s stock, valued at approximately $3,245,086.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, SVP Emily Yang sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $70.48, for a total transaction of $70,480.00. Following the completion of the sale, the senior vice president now directly owns 59,820 shares in the company, valued at $4,216,113.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brett R. Whitmire sold 1,900 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $69.99, for a total transaction of $132,981.00. Following the completion of the transaction, the chief financial officer now owns 46,365 shares in the company, valued at $3,245,086.35. The disclosure for this sale can be found here. Insiders sold 24,182 shares of company stock worth $1,640,921 over the last three months. 2.30% of the stock is currently owned by company insiders.

Diodes Price Performance

DIOD opened at $59.07 on Thursday. The firm has a market cap of $2.72 billion, a PE ratio of 16.10 and a beta of 1.32. The stock has a 50-day moving average price of $70.22 and a 200-day moving average price of $70.82. Diodes Incorporated has a 1 year low of $58.62 and a 1 year high of $86.74. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.38 and a quick ratio of 2.10.

Diodes (NASDAQ:DIOD) last issued its earnings results on Thursday, August 8th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.03. Diodes had a net margin of 7.12% and a return on equity of 5.76%. The firm had revenue of $319.80 million for the quarter, compared to the consensus estimate of $316.12 million. During the same quarter in the prior year, the firm posted $1.59 earnings per share. The business’s revenue was down 31.5% on a year-over-year basis. Sell-side analysts predict that Diodes Incorporated will post 1.6 earnings per share for the current fiscal year.

About Diodes

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.