Diodes Incorporated (NASDAQ:DIOD) Shares Acquired by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV grew its holdings in Diodes Incorporated (NASDAQ:DIOD) by 14.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,549 shares of the semiconductor company’s stock after purchasing an additional 1,434 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Diodes were worth $740,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. GAMMA Investing LLC lifted its stake in Diodes by 66.5% during the 2nd quarter. GAMMA Investing LLC now owns 453 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 181 shares in the last quarter. SummerHaven Investment Management LLC lifted its stake in Diodes by 2.7% during the 2nd quarter. SummerHaven Investment Management LLC now owns 8,101 shares of the semiconductor company’s stock worth $583,000 after acquiring an additional 210 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its stake in Diodes by 5.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 4,245 shares of the semiconductor company’s stock worth $299,000 after acquiring an additional 224 shares in the last quarter. Arizona State Retirement System increased its holdings in Diodes by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 12,861 shares of the semiconductor company’s stock worth $925,000 after purchasing an additional 236 shares during the period. Finally, Oak Associates Ltd. OH increased its holdings in Diodes by 0.5% during the 2nd quarter. Oak Associates Ltd. OH now owns 54,757 shares of the semiconductor company’s stock worth $3,939,000 after purchasing an additional 284 shares during the period. Institutional investors and hedge funds own 99.23% of the company’s stock.

Analyst Upgrades and Downgrades

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

Diodes Trading Down 2.0 %

DIOD opened at $63.67 on Wednesday. Diodes Incorporated has a one year low of $58.50 and a one year high of $86.74. The company has a market cap of $2.94 billion, a P/E ratio of 17.35 and a beta of 1.32. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.10 and a current ratio of 3.38. The business’s 50-day simple moving average is $64.35 and its 200-day simple moving average is $70.19.

Diodes (NASDAQ:DIOD) last released its quarterly earnings data on Thursday, August 8th. The semiconductor company reported $0.33 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 business 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 business posted $1.59 EPS. The business’s revenue for the quarter was down 31.5% on a year-over-year basis. As a group, equities research analysts expect that Diodes Incorporated will post 1.55 EPS for the current fiscal year.

Insider Activity

In other news, SVP Emily Yang sold 1,272 shares of the stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $72.16, for a total value of $91,787.52. Following the transaction, the senior vice president now owns 29,028 shares in the company, valued at approximately $2,094,660.48. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, SVP Emily Yang sold 1,272 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $72.16, for a total transaction of $91,787.52. Following the transaction, the senior vice president now owns 29,028 shares in the company, valued at $2,094,660.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Brett R. Whitmire sold 1,900 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $69.99, for a total value of $132,981.00. Following the transaction, the chief financial officer now owns 46,365 shares in the company, valued at $3,245,086.35. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,182 shares of company stock worth $1,640,921. 2.30% of the stock is currently owned by insiders.

Diodes Company 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.