Edgestream Partners L.P. Cuts Stake in Diodes Incorporated (NASDAQ:DIOD)

Edgestream Partners L.P. lowered its position in shares of Diodes Incorporated (NASDAQ:DIOD) by 49.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 22,129 shares of the semiconductor company’s stock after selling 21,399 shares during the period. Edgestream Partners L.P.’s holdings in Diodes were worth $1,365,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. KBC Group NV increased its stake in shares of Diodes by 33.9% during the third quarter. KBC Group NV now owns 1,454 shares of the semiconductor company’s stock valued at $93,000 after buying an additional 368 shares during the period. Sanctuary Advisors LLC increased its stake in shares of Diodes by 6.4% during the fourth quarter. Sanctuary Advisors LLC now owns 7,087 shares of the semiconductor company’s stock valued at $414,000 after buying an additional 425 shares during the period. Truvestments Capital LLC purchased a new position in shares of Diodes during the third quarter valued at $29,000. Smartleaf Asset Management LLC increased its stake in shares of Diodes by 198.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company’s stock valued at $48,000 after buying an additional 522 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Diodes by 2.6% during the third quarter. The Manufacturers Life Insurance Company now owns 25,799 shares of the semiconductor company’s stock valued at $1,653,000 after buying an additional 649 shares during the period. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Diodes Price Performance

DIOD opened at $46.38 on Tuesday. The business’s 50-day moving average is $57.03 and its two-hundred day moving average is $60.68. Diodes Incorporated has a 1 year low of $45.98 and a 1 year high of $86.74. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.26 and a quick ratio of 1.99. The firm has a market capitalization of $2.15 billion, a PE ratio of 48.82 and a beta of 1.31.

Diodes (NASDAQ:DIOD) last posted its earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.27). Diodes had a net margin of 3.36% and a return on equity of 3.28%. Research analysts anticipate that Diodes Incorporated will post 1.82 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on DIOD shares. Benchmark cut their price target on Diodes from $74.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. StockNews.com upgraded Diodes from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Truist Financial cut their target price on Diodes from $63.00 to $53.00 and set a “hold” rating on the stock in a research note on Wednesday, February 12th.

Insiders Place Their Bets

In other Diodes news, President Gary Yu sold 2,900 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total value of $162,516.00. Following the completion of the sale, the president now owns 79,697 shares of the company’s stock, valued at approximately $4,466,219.88. This trade represents a 3.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brett R. Whitmire sold 830 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $56.04, for a total value of $46,513.20. Following the completion of the sale, the chief financial officer now directly owns 51,525 shares of the company’s stock, valued at approximately $2,887,461. This represents a 1.59 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,680 shares of company stock valued at $262,267. 2.30% of the stock is currently owned by corporate insiders.

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.