Mercer Global Advisors Inc. ADV Sells 321 Shares of Diodes Incorporated (NASDAQ:DIOD)

Mercer Global Advisors Inc. ADV trimmed its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 5.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,734 shares of the semiconductor company’s stock after selling 321 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Diodes were worth $412,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in Diodes by 66.5% during the 2nd quarter. GAMMA Investing LLC now owns 453 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 181 shares in the last quarter. EntryPoint Capital LLC bought a new stake in Diodes in the first quarter valued at approximately $40,000. Riverview Trust Co bought a new stake in Diodes in the first quarter valued at approximately $51,000. NBC Securities Inc. lifted its position in Diodes by 62.3% in the first quarter. NBC Securities Inc. now owns 1,227 shares of the semiconductor company’s stock valued at $86,000 after purchasing an additional 471 shares during the last quarter. Finally, Innealta Capital LLC purchased a new position in shares of Diodes during the second quarter valued at approximately $88,000. 99.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DIOD. 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 target on 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 assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Diodes presently has an average rating of “Hold” and a consensus target price of $73.20.

Diodes Stock Performance

Shares of Diodes stock opened at $63.62 on Friday. The firm has a market capitalization of $2.93 billion, a P/E ratio of 17.34 and a beta of 1.32. Diodes Incorporated has a 52 week low of $58.50 and a 52 week high of $86.74. The firm’s 50 day moving average is $66.68 and its two-hundred day moving average is $70.31. 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 posted its quarterly earnings data on Thursday, August 8th. The semiconductor company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.03. The firm had revenue of $319.80 million during the quarter, compared to analysts’ expectations 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 last year, the business posted $1.59 EPS. Research analysts forecast that Diodes Incorporated will post 1.55 EPS for the current fiscal year.

Insider Activity

In other news, CFO Brett R. Whitmire sold 1,900 shares of the company’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 completion of the sale, the chief financial officer now owns 46,365 shares in the company, valued at $3,245,086.35. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Diodes news, CFO Brett R. Whitmire sold 1,900 shares of the firm’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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Keh Shew Lu sold 20,010 shares of the business’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 sale, the chief executive officer now directly owns 246,492 shares in the company, valued at approximately $16,576,587. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,182 shares of company stock worth $1,640,921. 2.30% of the stock is currently owned by insiders.

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.