Algert Global LLC Takes Position in Diodes Incorporated (NASDAQ:DIOD)

Algert Global LLC acquired a new position in Diodes Incorporated (NASDAQ:DIOD) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 4,628 shares of the semiconductor company’s stock, valued at approximately $333,000.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings 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 in the last quarter. EntryPoint Capital LLC purchased a new stake in Diodes in the 1st quarter valued at approximately $40,000. Riverview Trust Co acquired a new stake in Diodes during the 1st quarter valued at $51,000. 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 buying an additional 471 shares in the last quarter. Finally, Innealta Capital LLC acquired a new position in shares of Diodes in the second quarter worth $88,000. 99.23% of the stock is owned by institutional investors and hedge funds.

Diodes Stock Down 2.0 %

Shares of NASDAQ:DIOD opened at $63.67 on Wednesday. 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 firm has a market cap of $2.94 billion, a price-to-earnings ratio of 17.35 and a beta of 1.32. The stock’s 50-day moving average price is $64.35 and its two-hundred day moving average price is $70.19. Diodes Incorporated has a 12-month low of $58.50 and a 12-month high of $86.74.

Diodes (NASDAQ:DIOD) last released its earnings results on Thursday, August 8th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, topping 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 business had revenue of $319.80 million for the quarter, compared to analysts’ expectations of $316.12 million. During the same period last year, the company earned $1.59 earnings per share. The company’s quarterly revenue was down 31.5% on a year-over-year basis. On average, research analysts forecast that Diodes Incorporated will post 1.55 EPS for the current year.

Insider Activity

In related news, SVP Emily Yang sold 1,000 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $70.48, for a total value of $70,480.00. Following the transaction, the senior vice president now directly owns 59,820 shares of the company’s stock, valued at approximately $4,216,113.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Diodes news, SVP Emily Yang sold 1,000 shares of Diodes stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $70.48, for a total transaction of $70,480.00. Following the transaction, the senior vice president now directly owns 59,820 shares of the company’s stock, valued at $4,216,113.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Brett R. Whitmire sold 1,900 shares of the business’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 transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 24,182 shares of company stock valued at $1,640,921 in the last ninety days. Company insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

DIOD has been the subject of a number of recent research reports. StockNews.com cut Diodes from a “hold” rating to a “sell” rating in a research report on Wednesday, August 21st. Truist Financial lowered their price target on shares of Diodes from $74.00 to $69.00 and set a “hold” rating for the company 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 assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price 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.