Wealthfront Advisers LLC Invests $1.32 Million in Diodes Incorporated (NASDAQ:DIOD)

Wealthfront Advisers LLC bought a new position in shares of Diodes Incorporated (NASDAQ:DIOD) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 21,456 shares of the semiconductor company’s stock, valued at approximately $1,323,000.

Other large investors also recently made changes to their positions in the company. Truvestments Capital LLC bought a new stake in shares of Diodes during the third quarter worth $29,000. Smartleaf Asset Management LLC grew its holdings 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 worth $48,000 after purchasing an additional 522 shares during the last quarter. KBC Group NV grew its holdings 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 worth $93,000 after purchasing an additional 368 shares during the last quarter. Quest Partners LLC bought a new stake in shares of Diodes during the third quarter worth $184,000. Finally, Verdence Capital Advisors LLC bought a new stake in shares of Diodes during the fourth quarter worth $250,000. Institutional investors own 99.23% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Truist Financial cut their price target on Diodes from $63.00 to $53.00 and set a “hold” rating on the stock in a research note on Wednesday, February 12th. 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.

Diodes Trading Up 0.2 %

Shares of DIOD opened at $46.03 on Friday. The company has a quick ratio of 1.99, a current ratio of 3.26 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a 12-month low of $44.24 and a 12-month high of $86.74. The firm has a market capitalization of $2.13 billion, a PE ratio of 48.45 and a beta of 1.31. The stock’s fifty day simple moving average is $55.76 and its 200-day simple moving average is $60.09.

Diodes (NASDAQ:DIOD) last released its earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 earnings per share 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%. As a group, research analysts predict that Diodes Incorporated will post 1.82 earnings per share for the current year.

Insider Buying and Selling at Diodes

In other news, 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 transaction of $46,513.20. Following the sale, the chief financial officer now owns 51,525 shares of the company’s stock, valued at $2,887,461. This trade represents a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 sale, the president now directly owns 79,697 shares in the company, valued at approximately $4,466,219.88. This represents a 3.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,680 shares of company stock valued at $262,267. 2.30% of the stock is currently owned by company insiders.

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.