Commonwealth Equity Services LLC Has $334,000 Holdings in Diodes Incorporated (NASDAQ:DIOD)

Commonwealth Equity Services LLC decreased its holdings in Diodes Incorporated (NASDAQ:DIOD) by 24.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,639 shares of the semiconductor company’s stock after selling 1,461 shares during the period. Commonwealth Equity Services LLC’s holdings in Diodes were worth $334,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Diodes by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 5,782,828 shares of the semiconductor company’s stock valued at $407,689,000 after acquiring an additional 132,101 shares during the period. Earnest Partners LLC lifted its stake in shares of Diodes by 12.5% during the 1st quarter. Earnest Partners LLC now owns 2,534,798 shares of the semiconductor company’s stock worth $178,703,000 after buying an additional 282,089 shares during the last quarter. Sei Investments Co. grew its stake in Diodes by 2.3% in the 1st quarter. Sei Investments Co. now owns 741,256 shares of the semiconductor company’s stock valued at $52,258,000 after buying an additional 16,859 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Diodes by 27.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 604,153 shares of the semiconductor company’s stock valued at $43,457,000 after acquiring an additional 129,195 shares during the period. Finally, William Blair Investment Management LLC raised its holdings in Diodes by 19.0% in the 1st quarter. William Blair Investment Management LLC now owns 479,614 shares of the semiconductor company’s stock valued at $33,813,000 after acquiring an additional 76,447 shares during the period. 99.23% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Keh Shew Lu sold 20,010 shares of the company’s stock in a transaction dated 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 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 Securities & Exchange Commission, which is available at the SEC website. In other Diodes news, CFO Brett R. Whitmire sold 1,900 shares of the firm’s stock in a transaction 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 sale, the chief financial officer now owns 46,365 shares of the company’s stock, valued at approximately $3,245,086.35. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Keh Shew Lu sold 20,010 shares of the business’s stock in a transaction on 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 transaction, 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 quarter, insiders have sold 24,182 shares of company stock worth $1,640,921. Company insiders own 2.30% of the company’s stock.

Diodes Stock Performance

Shares of NASDAQ:DIOD opened at $59.32 on Tuesday. 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 company’s 50 day moving average price is $68.39 and its two-hundred day moving average price is $70.58. The firm has a market cap of $2.73 billion, a PE ratio of 16.16 and a beta of 1.32.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Truist Financial lowered their target price on Diodes from $74.00 to $69.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. StockNews.com lowered Diodes from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st. One investment 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, Diodes has a consensus rating of “Hold” and an average price target of $73.20.

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.