Cornercap Investment Counsel Inc. Sells 187 Shares of Diodes Incorporated (NASDAQ:DIOD)

Cornercap Investment Counsel Inc. cut its holdings in Diodes Incorporated (NASDAQ:DIOD) by 3.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 4,615 shares of the semiconductor company’s stock after selling 187 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Diodes were worth $372,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. NBC Securities Inc. bought a new position in Diodes in the third quarter valued at approximately $59,000. Quantbot Technologies LP bought a new position in Diodes in the second quarter valued at approximately $76,000. Northwestern Mutual Wealth Management Co. boosted its stake in Diodes by 11.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,178 shares of the semiconductor company’s stock valued at $90,000 after acquiring an additional 123 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Diodes during the second quarter worth $92,000. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Diodes by 17.5% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,184 shares of the semiconductor company’s stock worth $93,000 after purchasing an additional 176 shares in the last quarter. 99.23% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. TD Cowen lifted their price target on shares of Diodes from $72.00 to $85.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Truist Financial reduced their price target on shares of Diodes from $78.00 to $67.00 and set a “hold” rating on the stock in a research report on Wednesday, February 7th. Finally, Wells Fargo & Company reduced their price target on shares of Diodes from $80.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 7th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $72.40.

Insider Buying and Selling at Diodes

In other Diodes news, CFO Brett R. Whitmire sold 3,400 shares of Diodes stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $67.30, for a total value of $228,820.00. Following the sale, the chief financial officer now directly owns 48,265 shares in the company, valued at approximately $3,248,234.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Keh Shew Lu sold 1,500 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $68.06, for a total transaction of $102,090.00. Following the transaction, the chief executive officer now directly owns 281,992 shares in the company, valued at approximately $19,192,375.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brett R. Whitmire sold 3,400 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $67.30, for a total transaction of $228,820.00. Following the transaction, the chief financial officer now owns 48,265 shares in the company, valued at $3,248,234.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,900 shares of company stock worth $1,774,570. Insiders own 2.60% of the company’s stock.

Diodes Trading Down 1.8 %

DIOD opened at $67.16 on Thursday. The stock has a market capitalization of $3.09 billion, a P/E ratio of 13.68 and a beta of 1.46. Diodes Incorporated has a 12 month low of $60.00 and a 12 month high of $97.37. The firm’s fifty day simple moving average is $68.58 and its 200 day simple moving average is $71.15. The company has a current ratio of 3.02, a quick ratio of 2.03 and a debt-to-equity ratio of 0.01.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.04. Diodes had a net margin of 13.67% and a return on equity of 12.79%. The firm had revenue of $322.70 million for the quarter, compared to analyst estimates of $324.76 million. During the same period in the previous year, the business earned $1.73 EPS. The company’s revenue was down 35.0% compared to the same quarter last year. As a group, research analysts anticipate that Diodes Incorporated will post 2.55 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.