Easterly Investment Partners LLC Sells 955 Shares of Diodes Incorporated $DIOD

Easterly Investment Partners LLC decreased its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 6.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 13,457 shares of the semiconductor company’s stock after selling 955 shares during the period. Easterly Investment Partners LLC’s holdings in Diodes were worth $712,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in Diodes by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 230,728 shares of the semiconductor company’s stock valued at $9,961,000 after purchasing an additional 5,931 shares during the period. Oppenheimer Asset Management Inc. increased its position in Diodes by 19.7% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 18,768 shares of the semiconductor company’s stock valued at $810,000 after purchasing an additional 3,092 shares during the period. QRG Capital Management Inc. increased its position in Diodes by 5.4% during the 1st quarter. QRG Capital Management Inc. now owns 6,290 shares of the semiconductor company’s stock valued at $272,000 after purchasing an additional 323 shares during the period. Parallel Advisors LLC increased its position in Diodes by 52.0% during the 2nd quarter. Parallel Advisors LLC now owns 757 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 259 shares during the period. Finally, Hsbc Holdings PLC increased its position in Diodes by 13.1% during the 1st quarter. Hsbc Holdings PLC now owns 8,094 shares of the semiconductor company’s stock valued at $344,000 after purchasing an additional 935 shares during the period. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity at Diodes

In other Diodes news, SVP Emily Yang sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $56.36, for a total transaction of $56,360.00. Following the sale, the senior vice president owned 59,479 shares of the company’s stock, valued at approximately $3,352,236.44. The trade was a 1.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Brett R. Whitmire sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $55.90, for a total transaction of $111,800.00. Following the sale, 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 position. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by insiders.

Diodes Stock Down 2.2%

Shares of Diodes stock opened at $54.52 on Friday. The firm’s 50 day moving average price is $53.58 and its 200-day moving average price is $49.07. The company has a quick ratio of 2.04, a current ratio of 3.33 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a 52-week low of $32.93 and a 52-week high of $67.40. The company has a market cap of $2.53 billion, a P/E ratio of 39.80 and a beta of 1.63.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Tuesday, March 8th. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter. Diodes had a net margin of 4.59% and a return on equity of 2.98%. The firm had revenue of $350.37 million for the quarter. On average, sell-side analysts predict that Diodes Incorporated will post 1.82 EPS for the current fiscal year.

About Diodes

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.