Diodes Incorporated (NASDAQ:DIOD) Shares Sold by Integrated Investment Consultants LLC

Integrated Investment Consultants LLC cut its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 3.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,374 shares of the semiconductor company’s stock after selling 175 shares during the period. Integrated Investment Consultants LLC’s holdings in Diodes were worth $344,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Victory Capital Management Inc. raised its position in shares of Diodes by 130.9% during the 3rd quarter. Victory Capital Management Inc. now owns 1,744,135 shares of the semiconductor company’s stock worth $111,782,000 after buying an additional 988,671 shares in the last quarter. Earnest Partners LLC raised its holdings in Diodes by 12.5% during the first quarter. Earnest Partners LLC now owns 2,534,798 shares of the semiconductor company’s stock worth $178,703,000 after purchasing an additional 282,089 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Diodes by 8.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,913,282 shares of the semiconductor company’s stock worth $137,620,000 after purchasing an additional 141,610 shares during the period. Vanguard Group Inc. boosted its stake in Diodes by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 5,782,828 shares of the semiconductor company’s stock valued at $407,689,000 after purchasing an additional 132,101 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Diodes by 27.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 604,153 shares of the semiconductor company’s stock valued at $43,457,000 after purchasing an additional 129,195 shares during the period. 99.23% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Diodes news, SVP Emily Yang sold 1,000 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $70.48, for a total transaction of $70,480.00. Following the completion of the sale, the senior vice president now directly owns 59,820 shares in the company, valued at approximately $4,216,113.60. This trade represents a 1.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Brett R. Whitmire sold 1,900 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $69.99, for a total value of $132,981.00. Following the completion of the transaction, the chief financial officer now owns 46,365 shares in the company, valued at $3,245,086.35. This represents a 3.94 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,172 shares of company stock valued at $295,249. Company insiders own 2.30% of the company’s stock.

Diodes Stock Performance

Shares of DIOD opened at $61.31 on Friday. The company has a 50-day moving average of $61.47 and a two-hundred day moving average of $68.19. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 46.44 and a beta of 1.32. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.58 and a quick ratio of 2.21. Diodes Incorporated has a one year low of $52.71 and a one year high of $86.74.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on DIOD shares. Truist Financial decreased their target price on Diodes from $69.00 to $62.00 and set a “hold” rating for the company in a research note on Friday, November 8th. Benchmark reduced their price objective on shares of Diodes from $83.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, November 11th. Finally, StockNews.com raised shares of Diodes from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $72.80.

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.