Diodes Incorporated (NASDAQ:DIOD) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its holdings in Diodes Incorporated (NASDAQ:DIOD) by 6.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 212,199 shares of the semiconductor company’s stock after selling 15,112 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Diodes were worth $15,263,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. GAMMA Investing LLC lifted its stake in shares of Diodes by 66.5% in the second 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 raised its stake in Diodes by 2.7% during the second quarter. SummerHaven Investment Management LLC now owns 8,101 shares of the semiconductor company’s stock valued at $583,000 after buying an additional 210 shares in the last quarter. O Shaughnessy Asset Management LLC raised its stake in Diodes by 5.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 4,245 shares of the semiconductor company’s stock valued at $299,000 after buying an additional 224 shares in the last quarter. Arizona State Retirement System raised its stake in Diodes by 1.9% during the second quarter. Arizona State Retirement System now owns 12,861 shares of the semiconductor company’s stock valued at $925,000 after buying an additional 236 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV raised its stake in Diodes by 2.5% during the second quarter. Azzad Asset Management Inc. ADV now owns 10,115 shares of the semiconductor company’s stock valued at $728,000 after buying an additional 250 shares in the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

Insider Activity

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

Analysts Set New Price Targets

DIOD has been the topic of several research reports. StockNews.com cut Diodes from a “hold” rating to a “sell” rating in a research note on Wednesday, August 21st. Truist Financial cut their price objective on Diodes from $74.00 to $69.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. One investment 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. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $73.20.

Diodes Stock Up 1.3 %

NASDAQ:DIOD opened at $60.12 on Wednesday. The firm has a market capitalization of $2.77 billion, a PE ratio of 16.38 and a beta of 1.32. The stock has a 50 day moving average of $67.87 and a 200-day moving average of $70.51. Diodes Incorporated has a 52 week low of $58.62 and a 52 week high of $86.74. The company has a current ratio of 3.38, a quick ratio of 2.10 and a debt-to-equity ratio of 0.01.

Diodes (NASDAQ:DIOD) last posted 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. The company had revenue of $319.80 million during the quarter, compared to analyst estimates of $316.12 million. Diodes had a return on equity of 5.76% and a net margin of 7.12%. The business’s revenue was down 31.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.59 earnings per share. Analysts predict that Diodes Incorporated will post 1.6 EPS for the current year.

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.