Inspire Investing LLC Trims Stake in Diodes Incorporated $DIOD

Inspire Investing LLC trimmed its stake in Diodes Incorporated (NASDAQ:DIOD) by 7.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,383 shares of the semiconductor company’s stock after selling 606 shares during the period. Inspire Investing LLC’s holdings in Diodes were worth $390,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Parallel Advisors LLC increased its stake in Diodes by 52.0% in the 2nd quarter. Parallel Advisors LLC now owns 757 shares of the semiconductor company’s stock worth $40,000 after buying an additional 259 shares in the last quarter. Fifth Third Bancorp increased its stake in Diodes by 85.8% in the 2nd quarter. Fifth Third Bancorp now owns 628 shares of the semiconductor company’s stock worth $33,000 after buying an additional 290 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Diodes by 1.9% in the 1st quarter. Nisa Investment Advisors LLC now owns 15,696 shares of the semiconductor company’s stock worth $678,000 after buying an additional 297 shares in the last quarter. QRG Capital Management Inc. increased its stake in Diodes by 5.4% in the 1st quarter. QRG Capital Management Inc. now owns 6,290 shares of the semiconductor company’s stock worth $272,000 after buying an additional 323 shares in the last quarter. Finally, Signaturefd LLC increased its stake in Diodes by 170.1% in the 1st quarter. Signaturefd LLC now owns 597 shares of the semiconductor company’s stock worth $26,000 after buying an additional 376 shares in the last quarter. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DIOD has been the subject of a number of analyst reports. Zacks Research upgraded Diodes from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Diodes in a report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Diodes from a “hold” rating to a “buy” rating in a report on Sunday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Diodes presently has an average rating of “Moderate Buy” and an average price target of $55.00.

Diodes Stock Performance

Diodes stock opened at $53.77 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.33 and a quick ratio of 2.04. Diodes Incorporated has a 1-year low of $32.93 and a 1-year high of $67.40. The firm has a market capitalization of $2.50 billion, a P/E ratio of 39.25 and a beta of 1.63. The company’s 50-day moving average is $53.19 and its 200 day moving average is $48.86.

Diodes (NASDAQ:DIOD) last issued its earnings results on Tuesday, March 8th. The semiconductor company reported $0.74 EPS for the quarter. The business had revenue of $350.37 million for the quarter. Diodes had a net margin of 4.59% and a return on equity of 2.98%. Research analysts forecast that Diodes Incorporated will post 1.82 EPS for the current year.

Insider Buying and Selling

In other news, CFO Brett R. Whitmire sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $55.90, for a total transaction of $111,800.00. Following the transaction, the chief financial officer directly owned 48,777 shares of the company’s stock, valued at approximately $2,726,634.30. This trade represents a 3.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Emily Yang sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $56.36, for a total transaction of $56,360.00. Following the transaction, the senior vice president directly owned 59,479 shares in the company, valued at approximately $3,352,236.44. This trade represents a 1.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.