Tectonic Advisors LLC Has $685,000 Stock Holdings in Diodes Incorporated (NASDAQ:DIOD)

Tectonic Advisors LLC boosted its position in shares of Diodes Incorporated (NASDAQ:DIOD) by 5.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 10,689 shares of the semiconductor company’s stock after purchasing an additional 508 shares during the quarter. Tectonic Advisors LLC’s holdings in Diodes were worth $685,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Earnest Partners LLC raised its position 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 valued at $178,703,000 after acquiring an additional 282,089 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Diodes by 8.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,913,282 shares of the semiconductor company’s stock valued at $137,620,000 after acquiring an additional 141,610 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Diodes by 2.3% during 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 last quarter. Bank of New York Mellon Corp raised its position in shares of Diodes by 27.2% during 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 last quarter. Finally, William Blair Investment Management LLC raised its position in shares of Diodes by 19.0% during 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 last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

Insider Buying and Selling

In related news, CEO Keh Shew Lu sold 20,010 shares of the company’s stock in a transaction on Monday, August 19th. The shares were 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 approximately $16,576,587. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Keh Shew Lu sold 20,010 shares of the company’s stock in a transaction on Monday, August 19th. The shares were 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 approximately $16,576,587. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Emily Yang sold 1,000 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $70.48, for a total transaction of $70,480.00. Following the completion of the transaction, the senior vice president now directly owns 59,820 shares of the company’s stock, valued at approximately $4,216,113.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,182 shares of company stock valued at $1,640,921. Company insiders own 2.30% of the company’s stock.

Diodes Price Performance

DIOD opened at $64.66 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 $58.50 and a 12 month high of $86.74. The company has a fifty day simple moving average of $63.90 and a 200 day simple moving average of $69.72. The stock has a market cap of $2.98 billion, a P/E ratio of 17.62 and a beta of 1.32.

Diodes (NASDAQ:DIOD) last released its quarterly earnings data on Thursday, August 8th. The semiconductor company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The business had revenue of $319.80 million during the quarter, compared to analysts’ expectations of $316.12 million. Diodes had a net margin of 7.12% and a return on equity of 5.76%. The firm’s quarterly revenue was down 31.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.59 EPS. On average, research analysts expect that Diodes Incorporated will post 1.55 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on DIOD shares. Truist Financial dropped their target price on shares of Diodes from $74.00 to $69.00 and set a “hold” rating for the company in a research report on Friday, August 9th. StockNews.com cut shares of Diodes from a “hold” rating to a “sell” rating in a research report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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.