Diversified Trust Co Purchases 7,397 Shares of Diodes Incorporated $DIOD

by · The Cerbat Gem

Diversified Trust Co raised its position in Diodes Incorporated (NASDAQ:DIOD – Free Report) by 162.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,964 shares of the semiconductor company’s stock after acquiring an additional 7,397 shares during the period. Diversified Trust Co’s holdings in Diodes were worth $817,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of Diodes by 49.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 464,429 shares of the semiconductor company’s stock worth $24,712,000 after purchasing an additional 153,905 shares during the last quarter. Evergreen Capital Management LLC bought a new position in Diodes during the 4th quarter valued at about $476,000. Bessemer Group Inc. lifted its holdings in Diodes by 14.5% during the 4th quarter. Bessemer Group Inc. now owns 419,648 shares of the semiconductor company’s stock valued at $20,707,000 after purchasing an additional 53,039 shares during the last quarter. Tributary Capital Management LLC boosted its position in Diodes by 7.1% in the fourth quarter. Tributary Capital Management LLC now owns 346,023 shares of the semiconductor company’s stock valued at $17,073,000 after buying an additional 22,903 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Diodes by 2.8% in the fourth quarter. Vanguard Group Inc. now owns 6,154,859 shares of the semiconductor company’s stock valued at $303,681,000 after buying an additional 166,603 shares in the last quarter. Institutional investors own 99.23% of the company’s stock.

Analyst Ratings Changes

DIOD has been the subject of several recent analyst reports. Truist Financial raised their price objective on shares of Diodes from $98.00 to $139.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Zacks Research downgraded Diodes from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Finally, Robert W. Baird set a $120.00 price target on Diodes in a research report on Friday, May 8th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $113.00.

View Our Latest Stock Analysis on Diodes

Insiders Place Their Bets

In other Diodes news, SVP Andy Tsong sold 1,582 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $106.95, for a total value of $169,194.90. Following the transaction, the senior vice president directly owned 48,170 shares in the company, valued at approximately $5,151,781.50. This trade represents a 3.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Richard Dallas White sold 3,000 shares of the stock in a transaction on Friday, May 29th. The shares were sold at an average price of $106.17, for a total value of $318,510.00. Following the completion of the transaction, the insider owned 8,071 shares in the company, valued at $856,898.07. The trade was a 27.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 70,981 shares of company stock valued at $7,616,906 over the last quarter. Company insiders own 1.70% of the company’s stock.

Diodes Stock Up 0.9%

Shares of NASDAQ:DIOD opened at $113.04 on Thursday. The company has a quick ratio of 1.97, a current ratio of 3.17 and a debt-to-equity ratio of 0.01. The firm has a market cap of $5.19 billion, a P/E ratio of 61.44 and a beta of 1.90. Diodes Incorporated has a 12 month low of $42.28 and a 12 month high of $125.99. The company’s 50-day moving average price is $104.90 and its two-hundred day moving average price is $76.91.

Diodes (NASDAQ:DIOD – Get Free Report) last announced its earnings results on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.08. Diodes had a net margin of 5.50% and a return on equity of 3.48%. The company had revenue of $405.47 million during the quarter, compared to the consensus estimate of $396.33 million. During the same period in the previous year, the firm posted $0.19 earnings per share. The company’s revenue was up 22.1% on a year-over-year basis. As a group, research analysts forecast that Diodes Incorporated will post 2.58 EPS for the current fiscal year.

Diodes Profile

(Free Report)

Diodes Incorporated (NASDAQ: DIOD) is a global manufacturer and supplier of high‐performance discrete, logic, analog and mixed‐signal semiconductor products. Headquartered in Plano, Texas, the company designs and develops a broad range of discrete components, standard logic functions, power management circuits, interface products and array products. Its portfolio includes rectifiers, MOSFETs, general‐purpose diodes, voltage regulators, comparators, buffers and other building blocks for electronic systems.

Diodes Incorporated serves a variety of end markets such as automotive, computing, communications, consumer electronics, industrial and lighting.

Read More

Want 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).