6 days Ago By Defense World Staff
Alliancebernstein L.P. lowered its stake in Diodes Incorporated (NASDAQ:DIOD – Free Report) by 1.
3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,627 shares of the semiconductor company’s stock after selling 787 shares during the quarter. Alliancebernstein L.
P. owned about 0.13% of Diodes worth $3,616,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of DIOD. Corient Private Wealth LLC lifted its stake in shares of Diodes by 1.0% in the 4th quarter.
Corient Private Wealth LLC now owns 32,505 shares of the semiconductor company’s stock worth $2,005,000 after acquiring an additional 328 shares during the period. HighTower Advisors LLC lifted its position in Diodes by 4.1% in the fourth quarter.
HighTower Advisors LLC now owns 8,501 shares of the semiconductor company’s stock worth $524,000 after purchasing an additional 335 shares during the period. Sanctuary Advisors LLC boosted its stake in Diodes by 6.4% during the 4th quarter.
Sanctuary Advisors LLC now owns 7,087 shares of the semiconductor company’s stock valued at $414,000 after purchasing an additional 425 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Diodes by 198.5% during the 4th quarter.
Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 522 shares during the period. Finally, KBC Group NV increased its position in shares of Diodes by 36.7% during the 4th quarter.
KBC Group NV now owns 1,987 shares of the semiconductor company’s stock valued at $123,000 after purchasing an additional 533 shares during the period. Institutional investors own 99.23% of the company’s stock.
Diodes Stock Up 1.4 %DIOD stock opened at $36.12 on Tuesday.
The company’s 50 day simple moving average is $46.92 and its 200-day simple moving average is $56.72.
Diodes Incorporated has a 52-week low of $32.93 and a 52-week high of $86.74.
The company has a debt-to-equity ratio of 0.01, a current ratio of 3.26 and a quick ratio of 1.
99. The firm has a market capitalization of $1.68 billion, a P/E ratio of 38.
02 and a beta of 1.43. Diodes (NASDAQ:DIOD – Get Free Report) last announced its earnings results on Tuesday, February 11th.
The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.
27). Diodes had a net margin of 3.36% and a return on equity of 3.
28%. As a group, equities research analysts anticipate that Diodes Incorporated will post 1.82 EPS for the current year.
Insiders Place Their BetsIn other Diodes news, President Gary Yu sold 2,900 shares of Diodes stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total transaction of $162,516.
00. Following the completion of the sale, the president now owns 79,697 shares of the company’s stock, valued at $4,466,219.88.
This trade represents a 3.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Also, CFO Brett R. Whitmire sold 830 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $56.
04, for a total transaction of $46,513.20. Following the transaction, the chief financial officer now owns 51,525 shares in the company, valued at approximately $2,887,461.
This represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here.
In the last ninety days, insiders sold 4,680 shares of company stock worth $262,267. 2.30% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast GrowthDIOD has been the subject of several research reports. Baird R W raised Diodes from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 7th. Robert W.
Baird raised shares of Diodes from a “neutral” rating to an “outperform” rating and set a $50.00 price target for the company in a report on Monday, April 7th. Benchmark lowered their price objective on shares of Diodes from $74.
00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Finally, Truist Financial cut their target price on shares of Diodes from $63.
00 to $53.00 and set a “hold” rating for the company in a research note on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock.
According to MarketBeat, Diodes presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.00.View Our Latest Analysis on DIODDiodes Company Profile (Free Report)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.Featured StoriesFive stocks we like better than Diodes3 Tickers Leading a Meme Stock RevivalWhy NVIDIA Stock Could Soar Despite Wall Street DowngradesAre Penny Stocks a Good Fit for Your Portfolio?Top 3 Large Cap Stocks Insiders Bought in Q1: Buy, Sell, or HoldWhat is a Low P/E Ratio and What Does it Tell Investors?3 Hot New IPOs Defying the 2025 Market SlumpWant to see what other hedge funds are holding DIOD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Diodes Incorporated (NASDAQ:DIOD – Free Report).
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