Diodes Incorporated (NASDAQ:DIOD) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp cut its stake in shares of Diodes Incorporated (NASDAQ:DIOD) by 59.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,804 shares of the semiconductor company’s stock after selling 4,076 shares during the quarter. Mackenzie Financial Corp’s holdings in Diodes were worth $202,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC increased 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 buying an additional 181 shares during the period. EntryPoint Capital LLC acquired a new stake in shares of Diodes in the first quarter worth $40,000. Riverview Trust Co purchased a new position in shares of Diodes during the first quarter worth $51,000. NBC Securities Inc. raised its holdings in shares of 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 purchasing an additional 471 shares during the last quarter. Finally, Innealta Capital LLC acquired a new position in Diodes during the second quarter valued at $88,000. 99.23% of the stock is owned by institutional investors and hedge funds.

Diodes Stock Up 0.6 %

NASDAQ:DIOD opened at $64.98 on Tuesday. Diodes Incorporated has a 52 week low of $58.50 and a 52 week high of $86.74. The stock’s fifty day moving average is $64.62 and its two-hundred day moving average is $70.22. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 17.71 and a beta of 1.32. 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 (NASDAQ:DIOD) last announced its quarterly earnings data on Thursday, August 8th. The semiconductor company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $316.12 million. During the same quarter in the previous year, the business posted $1.59 earnings per share. The business’s quarterly revenue was down 31.5% compared to the same quarter last year. Research analysts anticipate that Diodes Incorporated will post 1.55 EPS for the current year.

Wall Street Analysts Forecast Growth

DIOD has been the subject of a number of recent research reports. StockNews.com lowered Diodes from a “hold” rating to a “sell” rating in a research note on Wednesday, August 21st. Truist Financial reduced their price target 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 analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $73.20.

Insider Transactions at Diodes

In other news, CEO Keh Shew Lu sold 20,010 shares of the firm’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 sale, the chief executive officer now owns 246,492 shares of the company’s stock, valued at approximately $16,576,587. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Brett R. Whitmire sold 1,900 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $69.99, for a total value of $132,981.00. Following the completion of the sale, the chief financial officer now directly owns 46,365 shares of the company’s stock, valued at $3,245,086.35. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 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 in the company, valued at approximately $16,576,587. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 24,182 shares of company stock valued at $1,640,921. Insiders own 2.30% of the company’s stock.

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.