Kendall Capital Management Sells 2,035 Shares of Diodes Incorporated (NASDAQ:DIOD)

Kendall Capital Management cut its stake in Diodes Incorporated (NASDAQ:DIOD) by 28.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,105 shares of the semiconductor company’s stock after selling 2,035 shares during the quarter. Kendall Capital Management’s holdings in Diodes were worth $367,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC raised its position in shares of Diodes by 66.5% in the second quarter. GAMMA Investing LLC now owns 453 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 181 shares during the period. EntryPoint Capital LLC bought a new position in Diodes during the first quarter worth about $40,000. Riverview Trust Co bought a new position in Diodes during the first quarter worth about $51,000. Principal Securities Inc. bought a new position in Diodes during the fourth quarter worth about $74,000. Finally, NBC Securities Inc. increased its position in Diodes by 62.3% during the first 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. 99.23% of the stock is owned by institutional investors.

Insider Buying and Selling at Diodes

In related news, SVP Emily Yang sold 1,272 shares of Diodes stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $72.16, for a total transaction of $91,787.52. Following the sale, the senior vice president now directly owns 29,028 shares of the company’s stock, valued at approximately $2,094,660.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Emily Yang sold 1,272 shares of Diodes stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $72.16, for a total transaction of $91,787.52. Following the sale, the senior vice president now directly owns 29,028 shares of the company’s stock, valued at approximately $2,094,660.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Keh Shew Lu sold 20,010 shares of Diodes stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $67.25, for a total transaction of $1,345,672.50. Following the sale, the chief executive officer now directly owns 246,492 shares in the company, valued at $16,576,587. The disclosure for this sale can be found here. Insiders have sold a total of 24,182 shares of company stock valued at $1,640,921 in the last ninety days. 2.30% of the stock is currently owned by company insiders.

Diodes Price Performance

DIOD stock opened at $61.41 on Friday. The company has a quick ratio of 2.10, a current ratio of 3.38 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a 12 month low of $58.62 and a 12 month high of $86.74. The firm has a market cap of $2.83 billion, a P/E ratio of 16.73 and a beta of 1.32. The company’s 50-day moving average price is $69.78 and its two-hundred day moving average price is $70.73.

Diodes (NASDAQ:DIOD) last released its earnings results on Thursday, August 8th. The semiconductor company reported $0.33 EPS for the quarter, beating 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 analyst estimates of $316.12 million. During the same period last year, the firm earned $1.59 EPS. The business’s quarterly revenue was down 31.5% compared to the same quarter last year. On average, analysts anticipate that Diodes Incorporated will post 1.6 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DIOD. Truist Financial lowered their price target on shares of Diodes from $74.00 to $69.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. StockNews.com lowered 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 stock. Based on data from MarketBeat.com, the company currently has a consensus 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.