Covestor Ltd Has $166,000 Position in Diodes Incorporated (NASDAQ:DIOD)

Covestor Ltd boosted its holdings in Diodes Incorporated (NASDAQ:DIOD) by 57.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,364 shares of the semiconductor company’s stock after buying an additional 863 shares during the period. Covestor Ltd’s holdings in Diodes were worth $166,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. GAMMA Investing LLC acquired a new stake in Diodes in the fourth quarter worth $30,000. Riverview Trust Co acquired a new stake in Diodes in the first quarter worth $51,000. Principal Securities Inc. acquired a new stake in Diodes in the fourth quarter worth $74,000. NBC Securities Inc. raised its holdings in Diodes by 62.3% in the first quarter. NBC Securities Inc. now owns 1,227 shares of the semiconductor company’s stock worth $86,000 after purchasing an additional 471 shares during the period. Finally, Clear Street Markets LLC acquired a new stake in Diodes in the fourth quarter worth $139,000. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Diodes Stock Down 0.0 %

Diodes stock traded down $0.03 during mid-day trading on Tuesday, reaching $83.25. The company’s stock had a trading volume of 143,728 shares, compared to its average volume of 332,689. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 22.69 and a beta of 1.36. Diodes Incorporated has a 12 month low of $60.00 and a 12 month high of $94.93. The business’s 50 day simple moving average is $74.64 and its 200 day simple moving average is $71.39. 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 (NASDAQ:DIOD) last released its earnings results on Thursday, May 9th. The semiconductor company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. Diodes had a net margin of 11.36% and a return on equity of 9.11%. The business 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 firm earned $1.59 earnings per share. The firm’s revenue for the quarter was down 35.4% compared to the same quarter last year. As a group, research analysts anticipate that Diodes Incorporated will post 1.8 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DIOD. 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. Robert W. Baird raised their price objective on shares of Diodes from $56.00 to $72.00 and gave the stock a “neutral” rating in a report on Friday, May 10th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Diodes currently has a consensus rating of “Hold” and a consensus price target of $74.20.

Insider Activity

In other news, CEO Keh Shew Lu sold 6,000 shares of Diodes stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $73.93, for a total value of $443,580.00. Following the completion of the transaction, the chief executive officer now owns 102,996 shares of the company’s stock, valued at approximately $7,614,494.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Peter M. Menard sold 630 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $71.96, for a total transaction of $45,334.80. Following the completion of the sale, the director now owns 18,050 shares in the company, valued at approximately $1,298,878. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Keh Shew Lu sold 6,000 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $73.93, for a total transaction of $443,580.00. Following the sale, the chief executive officer now owns 102,996 shares of the company’s stock, valued at approximately $7,614,494.28. The disclosure for this sale can be found here. Insiders sold a total of 30,630 shares of company stock valued at $2,272,715 in the last quarter. Company 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.