New Age Alpha Advisors LLC Acquires Shares of 7,057 Diodes Incorporated $DIOD

New Age Alpha Advisors LLC acquired a new stake in shares of Diodes Incorporated (NASDAQ:DIOD) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,057 shares of the semiconductor company’s stock, valued at approximately $348,000.

Other large investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its stake in Diodes by 77.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 205 shares during the last quarter. Geneos Wealth Management Inc. bought a new position in Diodes during the 2nd quarter valued at $30,000. Farther Finance Advisors LLC boosted its stake in Diodes by 51.4% during the 4th quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 200 shares during the last quarter. MAI Capital Management boosted its stake in Diodes by 150.0% during the 3rd quarter. MAI Capital Management now owns 685 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 411 shares during the last quarter. Finally, Quarry LP bought a new position in Diodes during the 3rd quarter valued at $39,000. 99.23% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on DIOD shares. Truist Financial increased their price objective on shares of Diodes from $98.00 to $139.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Wall Street Zen upgraded shares of Diodes from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Zacks Research upgraded shares of Diodes from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Robert W. Baird set a $120.00 price target on shares of Diodes in a research report on Friday, May 8th. Finally, Benchmark lifted their price target on shares of Diodes from $62.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $113.00.

Key Stories Impacting Diodes

Here are the key news stories impacting Diodes this week:

• Positive Sentiment: Diodes’ latest earnings report was solid, with the company beating EPS and revenue estimates and posting 22.1% year-over-year revenue growth, which supports the recent move higher in the stock.
• Neutral Sentiment: The stock has been trading near its 52-week high, reflecting strong momentum after the earnings beat and improved analyst sentiment.
• Negative Sentiment: Multiple insiders, including CEO Gary Yu, CTO Francis Tang, SVP Emily Yang, SVP Andy Tsong, and insider Jin Zhao, sold shares over the past few days. This cluster of sales may make investors question whether management sees limited near-term upside at current levels. Wave of Insider Stock Sales Sweeps Through Diodes’ Executive Ranks
• Negative Sentiment: Andy Tsong’s additional sale adds to the overall insider selling trend, reinforcing the cautious signal from executive activity. Andy Tsong Sells 1,582 Shares of Diodes (NASDAQ:DIOD) Stock

Insiders Place Their Bets

In other news, CFO Brett R. Whitmire sold 16,556 shares of Diodes stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $103.34, for a total value of $1,710,897.04. Following the completion of the transaction, the chief financial officer directly owned 44,632 shares of the company’s stock, valued at approximately $4,612,270.88. The trade was a 27.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jin Zhao sold 3,689 shares of Diodes stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $106.86, for a total transaction of $394,206.54. Following the completion of the transaction, the insider directly owned 43,531 shares of the company’s stock, valued at $4,651,722.66. This trade represents a 7.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 52,651 shares of company stock worth $5,580,823. Corporate insiders own 1.70% of the company’s stock.

Diodes Trading Up 0.7%

NASDAQ DIOD opened at $109.89 on Friday. Diodes Incorporated has a one year low of $42.28 and a one year high of $117.80. The company has a 50-day simple moving average of $90.41 and a 200-day simple moving average of $68.30. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 3.17. The firm has a market capitalization of $5.05 billion, a PE ratio of 59.72 and a beta of 1.93.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.35 by $0.08. Diodes had a net margin of 5.50% and a return on equity of 3.48%. The business had revenue of $405.47 million during the quarter, compared to analyst estimates of $396.33 million. During the same period in the previous year, the business posted $0.19 EPS. The company’s quarterly revenue was up 22.1% on a year-over-year basis. On average, equities analysts forecast that Diodes Incorporated will post 2.58 earnings per share for the current year.

Diodes Company Profile

Diodes Incorporated (NASDAQ: DIOD) is a global manufacturer and supplier of high‐performance discrete, logic, analog and mixed‐signal semiconductor products. Headquartered in Plano, Texas, the company designs and develops a broad range of discrete components, standard logic functions, power management circuits, interface products and array products. Its portfolio includes rectifiers, MOSFETs, general‐purpose diodes, voltage regulators, comparators, buffers and other building blocks for electronic systems.

Diodes Incorporated serves a variety of end markets such as automotive, computing, communications, consumer electronics, industrial and lighting.