Pacer Advisors Inc. Purchases 8,396 Shares of Diodes Incorporated $DIOD

Pacer Advisors Inc. increased its position in shares of Diodes Incorporated (NASDAQ:DIOD) by 6.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 147,336 shares of the semiconductor company’s stock after purchasing an additional 8,396 shares during the period. Pacer Advisors Inc.’s holdings in Diodes were worth $7,270,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its stake in Diodes by 77.4% in the second quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 205 shares during the period. Farther Finance Advisors LLC increased its position 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 purchasing an additional 200 shares during the period. Geneos Wealth Management Inc. bought a new stake in shares of Diodes in the 2nd quarter valued at about $30,000. MAI Capital Management raised its holdings in shares of Diodes by 150.0% in the 3rd quarter. MAI Capital Management now owns 685 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 411 shares in the last quarter. Finally, Quarry LP purchased a new stake in shares of Diodes in the 3rd quarter worth approximately $39,000. 99.23% of the stock is currently owned by institutional investors.

Diodes Stock Performance

Shares of DIOD opened at $119.46 on Monday. The company has a current ratio of 3.17, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01. The firm has a market cap of $5.49 billion, a PE ratio of 64.92 and a beta of 1.90. Diodes Incorporated has a 12 month low of $42.28 and a 12 month high of $123.50. The stock has a fifty day moving average price of $103.01 and a 200-day moving average price of $75.51.

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

Insiders Place Their Bets

In other news, SVP Andy Tsong sold 1,582 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $106.95, for a total transaction of $169,194.90. Following the transaction, the senior vice president owned 48,170 shares in the company, valued at $5,151,781.50. This represents a 3.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Richard Dallas White sold 3,000 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $106.17, for a total transaction of $318,510.00. Following the completion of the transaction, the insider directly owned 8,071 shares of the company’s stock, valued at $856,898.07. The trade was a 27.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 70,981 shares of company stock valued at $7,616,906. 1.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DIOD. Robert W. Baird set a $120.00 price objective on shares of Diodes in a research note on Friday, May 8th. Zacks Research downgraded shares of Diodes from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 15th. Finally, Truist Financial upped their target price on Diodes from $98.00 to $139.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Diodes presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.00.

About Diodes

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.