SG Americas Securities LLC Decreases Position in Diodes Incorporated $DIOD

SG Americas Securities LLC decreased its position in Diodes Incorporated (NASDAQ:DIOD) by 29.9% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 28,285 shares of the semiconductor company’s stock after selling 12,062 shares during the period. SG Americas Securities LLC’s holdings in Diodes were worth $1,931,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC raised its stake in shares of Diodes by 77.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock worth $25,000 after buying an additional 205 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Diodes by 51.4% in 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. Geneos Wealth Management Inc. acquired a new stake in Diodes in the 2nd quarter valued at about $30,000. MAI Capital Management increased its holdings 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 in the last quarter. Finally, Quarry LP purchased a new position in Diodes during the 3rd quarter valued at about $39,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Diodes Stock Down 8.7%

DIOD opened at $96.25 on Friday. The firm has a market cap of $4.42 billion, a P/E ratio of 52.31 and a beta of 1.88. The business’s fifty day simple moving average is $106.38 and its 200 day simple moving average is $79.18. Diodes Incorporated has a 52 week low of $42.28 and a 52 week high of $125.99. The company has a quick ratio of 1.97, a current ratio of 3.17 and a debt-to-equity ratio of 0.01.

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

Analyst Ratings Changes

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

Insider Buying and Selling at Diodes

In other news, CEO Gary Yu sold 3,632 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $110.08, for a total value of $399,810.56. Following the completion of the transaction, the chief executive officer owned 108,147 shares of the company’s stock, valued at $11,904,821.76. The trade was a 3.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Francis Tang sold 15,330 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $112.04, for a total transaction of $1,717,573.20. Following the completion of the transaction, the chief technology officer directly owned 71,438 shares of the company’s stock, valued at approximately $8,003,913.52. This represents a 17.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 70,981 shares of company stock valued at $7,616,906. Corporate insiders own 1.70% of the company’s stock.

Diodes 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.