Atria Wealth Solutions Inc. Makes New $255,000 Investment in Diodes Incorporated $DIOD

Atria Wealth Solutions Inc. bought a new stake in shares of Diodes Incorporated (NASDAQ:DIOD) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,816 shares of the semiconductor company’s stock, valued at approximately $255,000.

A number of other large investors have also recently modified their holdings of DIOD. Global Alpha Capital Management Ltd. lifted its position in Diodes by 107.6% during the 1st quarter. Global Alpha Capital Management Ltd. now owns 539,170 shares of the semiconductor company’s stock valued at $23,276,000 after acquiring an additional 279,400 shares during the period. Cubist Systematic Strategies LLC purchased a new position in Diodes in the first quarter worth about $8,679,000. Nuveen LLC purchased a new position in Diodes in the first quarter worth about $5,593,000. Dark Forest Capital Management LP bought a new stake in shares of Diodes in the first quarter worth approximately $5,214,000. Finally, Jane Street Group LLC grew its stake in shares of Diodes by 1,405.2% in the first quarter. Jane Street Group LLC now owns 126,858 shares of the semiconductor company’s stock worth $5,476,000 after acquiring an additional 118,430 shares during the period. Institutional investors own 99.23% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Transactions at Diodes

In other news, CFO Brett R. Whitmire sold 2,000 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $55.90, for a total value of $111,800.00. Following the transaction, the chief financial officer directly owned 48,777 shares in the company, valued at approximately $2,726,634.30. This represents a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Emily Yang sold 1,000 shares of the stock in a transaction dated 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 owned 59,479 shares in the company, valued at approximately $3,352,236.44. The trade was a 1.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

Diodes Trading Up 2.2%

Shares of DIOD opened at $58.38 on Wednesday. Diodes Incorporated has a twelve month low of $32.93 and a twelve month high of $67.40. The company has a market cap of $2.71 billion, a P/E ratio of 42.61 and a beta of 1.63. The company has a current ratio of 3.33, a quick ratio of 2.04 and a debt-to-equity ratio of 0.01. The company’s fifty day simple moving average is $53.81 and its 200-day simple moving average is $49.41.

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

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.