Diodes Incorporated (NASDAQ:DIOD) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its stake in Diodes Incorporated (NASDAQ:DIOD) by 6.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 212,199 shares of the semiconductor company’s stock after selling 15,112 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.46% of Diodes worth $15,263,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. raised its holdings in shares of Diodes by 7.4% in the second quarter. Oppenheimer Asset Management Inc. now owns 19,391 shares of the semiconductor company’s stock worth $1,395,000 after acquiring an additional 1,337 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of Diodes by 3.3% in the second quarter. Federated Hermes Inc. now owns 15,514 shares of the semiconductor company’s stock worth $1,116,000 after acquiring an additional 502 shares during the last quarter. Choreo LLC acquired a new position in shares of Diodes in the second quarter worth $593,000. Arizona State Retirement System raised its holdings in shares of Diodes by 1.9% in the second quarter. Arizona State Retirement System now owns 12,861 shares of the semiconductor company’s stock worth $925,000 after acquiring an additional 236 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Diodes by 7.0% in the second quarter. Victory Capital Management Inc. now owns 755,464 shares of the semiconductor company’s stock worth $54,341,000 after acquiring an additional 49,284 shares during the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Diodes

In other Diodes news, CEO Keh Shew Lu sold 20,010 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $67.25, for a total transaction of $1,345,672.50. Following the completion of the sale, the chief executive officer now owns 246,492 shares of the company’s stock, valued at $16,576,587. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, SVP Emily Yang sold 1,000 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $70.48, for a total value of $70,480.00. Following the completion of the sale, the senior vice president now owns 59,820 shares of the company’s stock, valued at $4,216,113.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Keh Shew Lu sold 20,010 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $67.25, for a total value of $1,345,672.50. Following the completion of the sale, the chief executive officer now directly owns 246,492 shares of the company’s stock, valued at approximately $16,576,587. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,182 shares of company stock valued at $1,640,921. Company insiders own 2.30% of the company’s stock.

Diodes Price Performance

DIOD stock opened at $60.12 on Wednesday. The stock has a 50-day moving average price of $67.87 and a two-hundred day moving average price of $70.51. Diodes Incorporated has a 12-month low of $58.62 and a 12-month high of $86.74. The company has a current ratio of 3.38, a quick ratio of 2.10 and a debt-to-equity ratio of 0.01. The company has a market cap of $2.77 billion, a PE ratio of 16.38 and a beta of 1.32.

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

Analyst Ratings Changes

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

Diodes Profile

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.