Azzad Asset Management Inc. ADV Grows Position in Diodes Incorporated (NASDAQ:DIOD)

Azzad Asset Management Inc. ADV raised its position in Diodes Incorporated (NASDAQ:DIOD) by 30.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,865 shares of the semiconductor company’s stock after buying an additional 2,279 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in Diodes were worth $695,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Corient Private Wealth LLC acquired a new stake in Diodes during the 4th quarter worth $2,623,000. Tributary Capital Management LLC boosted its stake in shares of Diodes by 15.9% during the fourth quarter. Tributary Capital Management LLC now owns 225,029 shares of the semiconductor company’s stock worth $18,119,000 after buying an additional 30,840 shares during the period. Sei Investments Co. grew its holdings in shares of Diodes by 23.5% during the fourth quarter. Sei Investments Co. now owns 724,397 shares of the semiconductor company’s stock worth $58,328,000 after buying an additional 137,676 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Diodes by 3.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 529,879 shares of the semiconductor company’s stock valued at $42,666,000 after acquiring an additional 19,457 shares during the period. Finally, Frontier Capital Management Co. LLC raised its stake in Diodes by 478.5% during the 4th quarter. Frontier Capital Management Co. LLC now owns 391,415 shares of the semiconductor company’s stock valued at $31,517,000 after acquiring an additional 323,759 shares during the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Truist Financial boosted their target price on Diodes from $67.00 to $74.00 and gave the company a “hold” rating in a report on Friday, May 10th. Robert W. Baird boosted their price objective 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. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Diodes presently has an average rating of “Hold” and an average target price of $74.20.

Insider Buying and Selling

In other Diodes news, CEO Keh Shew Lu sold 15,000 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $75.30, for a total transaction of $1,129,500.00. Following the transaction, the chief executive officer now directly owns 87,331 shares in the company, valued at $6,576,024.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Peter M. Menard sold 630 shares of Diodes stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $71.96, for a total transaction of $45,334.80. Following the completion of the transaction, the director now owns 18,050 shares of the company’s stock, valued at approximately $1,298,878. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Keh Shew Lu sold 15,000 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $75.30, for a total transaction of $1,129,500.00. Following the completion of the sale, the chief executive officer now directly owns 87,331 shares in the company, valued at $6,576,024.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,630 shares of company stock valued at $2,272,715. Corporate insiders own 2.30% of the company’s stock.

Diodes Price Performance

Shares of DIOD traded up $0.27 during mid-day trading on Wednesday, hitting $72.28. The company’s stock had a trading volume of 37,856 shares, compared to its average volume of 332,984. The company has a current ratio of 3.18, a quick ratio of 2.05 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a 1-year low of $60.00 and a 1-year high of $96.68. The firm has a market capitalization of $3.33 billion, a P/E ratio of 19.62 and a beta of 1.36. The firm has a 50-day simple moving average of $72.69 and a 200 day simple moving average of $71.37.

Diodes (NASDAQ:DIOD) last released its earnings results on Thursday, May 9th. The semiconductor company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. Diodes had a return on equity of 9.11% and a net margin of 11.36%. The company had revenue of $301.90 million during the quarter, compared to the consensus estimate of $305.47 million. During the same quarter last year, the company earned $1.59 earnings per share. Diodes’s quarterly revenue was down 35.4% compared to the same quarter last year. Analysts predict that Diodes Incorporated will post 1.8 EPS for the current fiscal year.

Diodes 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.