Vise Technologies Inc. Sells 616 Shares of Diodes Incorporated (NASDAQ:DIOD)

Vise Technologies Inc. reduced its position in Diodes Incorporated (NASDAQ:DIOD) by 16.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,201 shares of the semiconductor company’s stock after selling 616 shares during the quarter. Vise Technologies Inc.’s holdings in Diodes were worth $258,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of DIOD. Vanguard Group Inc. increased its holdings in shares of Diodes by 1.8% in the third quarter. Vanguard Group Inc. now owns 5,580,606 shares of the semiconductor company’s stock valued at $439,975,000 after purchasing an additional 100,618 shares in the last quarter. Earnest Partners LLC raised its position in shares of Diodes by 2.3% during the third quarter. Earnest Partners LLC now owns 2,134,515 shares of the semiconductor company’s stock worth $168,285,000 after acquiring an additional 47,472 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Diodes by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,709,298 shares of the semiconductor company’s stock valued at $137,635,000 after acquiring an additional 43,941 shares during the last quarter. Channing Capital Management LLC raised its holdings in Diodes by 19.8% during the 4th quarter. Channing Capital Management LLC now owns 1,009,445 shares of the semiconductor company’s stock worth $81,281,000 after purchasing an additional 166,934 shares during the last quarter. Finally, FMR LLC boosted its stake in shares of Diodes by 14.1% in the 3rd quarter. FMR LLC now owns 912,667 shares of the semiconductor company’s stock valued at $71,955,000 after purchasing an additional 112,620 shares during the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

Analyst Upgrades and Downgrades

DIOD has been the subject of several recent analyst reports. TD Cowen increased their price target on Diodes from $72.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Robert W. Baird lifted their price target on shares of Diodes from $56.00 to $72.00 and gave the company a “neutral” rating in a research note on Friday, May 10th. Truist Financial raised their price objective on shares of Diodes from $67.00 to $74.00 and gave the stock a “hold” rating in a report on Friday, May 10th. Finally, Wells Fargo & Company decreased their price objective on Diodes from $80.00 to $70.00 and set an “equal weight” rating for the company in a report on Wednesday, February 7th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Diodes currently has a consensus rating of “Hold” and an average price target of $74.20.

Diodes Stock Performance

NASDAQ:DIOD traded up $0.24 during mid-day trading on Thursday, hitting $72.25. The stock had a trading volume of 41,568 shares, compared to its average volume of 345,358. The company’s 50 day simple moving average is $70.01 and its 200 day simple moving average is $70.47. The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 19.62 and a beta of 1.44. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.05 and a current ratio of 3.18. Diodes Incorporated has a twelve month low of $60.00 and a twelve month high of $97.37.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings results on Thursday, May 9th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. The business had revenue of $301.90 million during the quarter, compared to the consensus estimate of $305.47 million. Diodes had a return on equity of 9.11% and a net margin of 11.36%. The company’s quarterly revenue was down 35.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.59 EPS. On average, equities research analysts forecast that Diodes Incorporated will post 2.11 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Keh Shew Lu sold 1,500 shares of Diodes stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $68.06, for a total transaction of $102,090.00. Following the sale, the chief executive officer now directly owns 281,992 shares of the company’s stock, valued at approximately $19,192,375.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO Brett R. Whitmire sold 3,400 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $67.30, for a total value of $228,820.00. Following the completion of the sale, the chief financial officer now owns 48,265 shares of the company’s stock, valued at $3,248,234.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Keh Shew Lu sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $68.06, for a total transaction of $102,090.00. Following the transaction, the chief executive officer now owns 281,992 shares of the company’s stock, valued at approximately $19,192,375.52. The disclosure for this sale can be found here. Insiders have sold 25,900 shares of company stock worth $1,774,570 over the last ninety days. Corporate insiders own 2.30% of the company’s stock.

Diodes Company 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.