Diodes Incorporated (NASDAQ:DIOD) Shares Sold by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. cut its position in Diodes Incorporated (NASDAQ:DIOD) by 3.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,615 shares of the semiconductor company’s stock after selling 187 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Diodes were worth $372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Tributary Capital Management LLC lifted its position in Diodes by 15.9% during the fourth quarter. Tributary Capital Management LLC now owns 225,029 shares of the semiconductor company’s stock worth $18,119,000 after buying an additional 30,840 shares in the last quarter. Sei Investments Co. lifted its position in Diodes by 10.9% during the third quarter. Sei Investments Co. now owns 586,721 shares of the semiconductor company’s stock worth $46,257,000 after buying an additional 57,817 shares in the last quarter. Federated Hermes Inc. lifted its position in Diodes by 30.4% during the third quarter. Federated Hermes Inc. now owns 24,807 shares of the semiconductor company’s stock worth $1,956,000 after buying an additional 5,786 shares in the last quarter. Great Lakes Advisors LLC lifted its position in Diodes by 22.5% during the third quarter. Great Lakes Advisors LLC now owns 142,105 shares of the semiconductor company’s stock worth $11,204,000 after buying an additional 26,142 shares in the last quarter. Finally, FMR LLC lifted its position in Diodes by 14.1% during the third quarter. FMR LLC now owns 912,667 shares of the semiconductor company’s stock worth $71,955,000 after buying an additional 112,620 shares in the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wells Fargo & Company reduced their target price on Diodes from $80.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 7th. TD Cowen boosted their target price on Diodes from $72.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Finally, Truist Financial lowered their target price on Diodes from $78.00 to $67.00 and set a “hold” rating for the company in a research note on Wednesday, February 7th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Diodes presently has an average rating of “Hold” and an average target price of $72.40.

Insider Buying and Selling at Diodes

In other Diodes news, CEO Keh Shew Lu sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $68.78, for a total transaction of $825,360.00. Following the completion of the sale, the chief executive officer now directly owns 262,492 shares of the company’s stock, valued at approximately $18,054,199.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Diodes news, CEO Keh Shew Lu sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $68.78, for a total transaction of $825,360.00. Following the completion of the sale, the chief executive officer now directly owns 262,492 shares of the company’s stock, valued at approximately $18,054,199.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Brett R. Whitmire sold 3,400 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $67.30, for a total value of $228,820.00. Following the transaction, the chief financial officer now directly owns 48,265 shares of the company’s stock, valued at $3,248,234.50. The disclosure for this sale can be found here. Insiders sold a total of 25,900 shares of company stock valued at $1,774,570 in the last ninety days. Insiders own 2.60% of the company’s stock.

Diodes Stock Down 1.8 %

Diodes stock opened at $67.16 on Thursday. Diodes Incorporated has a fifty-two week low of $60.00 and a fifty-two week high of $97.37. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.03 and a current ratio of 3.02. The company has a market capitalization of $3.09 billion, a P/E ratio of 13.68 and a beta of 1.46. The stock has a 50-day simple moving average of $68.58 and a 200-day simple moving average of $71.15.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.47 by $0.04. The firm had revenue of $322.70 million during the quarter, compared to the consensus estimate of $324.76 million. Diodes had a return on equity of 12.79% and a net margin of 13.67%. The firm’s revenue was down 35.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.73 EPS. Equities research analysts expect that Diodes Incorporated will post 2.55 earnings per share for the current year.

Diodes 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.