Centric Wealth Management Buys 3,389 Shares of Diodes Incorporated (NASDAQ:DIOD)

Centric Wealth Management lifted its stake in Diodes Incorporated (NASDAQ:DIOD) by 9.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,018 shares of the semiconductor company’s stock after purchasing an additional 3,389 shares during the quarter. Diodes accounts for approximately 1.1% of Centric Wealth Management’s holdings, making the stock its 26th biggest position. Centric Wealth Management’s holdings in Diodes were worth $3,303,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Diodes by 1.8% during the third quarter. Vanguard Group Inc. now owns 5,580,606 shares of the semiconductor company’s stock valued at $439,975,000 after buying an additional 100,618 shares during the last quarter. Earnest Partners LLC boosted its holdings in Diodes by 2.3% in the third quarter. Earnest Partners LLC now owns 2,134,515 shares of the semiconductor company’s stock worth $168,285,000 after purchasing an additional 47,472 shares during the last quarter. Channing Capital Management LLC grew its position in Diodes by 19.8% in the 4th quarter. Channing Capital Management LLC now owns 1,009,445 shares of the semiconductor company’s stock worth $81,281,000 after purchasing an additional 166,934 shares during the period. FMR LLC lifted its holdings in shares of Diodes by 14.1% during the 3rd quarter. FMR LLC now owns 912,667 shares of the semiconductor company’s stock valued at $71,955,000 after buying an additional 112,620 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of Diodes by 12.9% in the 4th quarter. Victory Capital Management Inc. now owns 664,757 shares of the semiconductor company’s stock worth $53,526,000 after buying an additional 76,080 shares during the last quarter. Institutional investors own 99.23% of the company’s stock.

Analyst Upgrades and Downgrades

DIOD has been the topic of a number of recent research reports. TD Cowen increased their target price on Diodes from $72.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Truist Financial dropped their price objective on shares of Diodes from $78.00 to $67.00 and set a “hold” rating on the stock in a report on Wednesday, February 7th. Finally, Wells Fargo & Company reduced their target price on shares of Diodes from $80.00 to $70.00 and set an “equal weight” rating for the company in a report on Wednesday, February 7th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $72.40.

Insider Buying and Selling

In other Diodes news, CEO Keh Shew Lu sold 3,000 shares of Diodes stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $68.14, for a total value of $204,420.00. Following the sale, the chief executive officer now directly owns 256,492 shares in the company, valued at approximately $17,477,364.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Keh Shew Lu sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $68.14, for a total transaction of $204,420.00. Following the sale, the chief executive officer now directly owns 256,492 shares of the company’s stock, valued at approximately $17,477,364.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $67.30, for a total value of $228,820.00. Following the transaction, the chief financial officer now owns 48,265 shares of the company’s stock, valued at $3,248,234.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,900 shares of company stock worth $1,774,570. 2.30% of the stock is owned by corporate insiders.

Diodes Price Performance

Shares of DIOD traded down $1.67 during mid-day trading on Wednesday, reaching $74.84. The stock had a trading volume of 114,510 shares, compared to its average volume of 337,583. The business has a fifty day moving average of $69.44 and a 200 day moving average of $70.39. 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 firm has a market cap of $3.46 billion, a price-to-earnings ratio of 15.58 and a beta of 1.44. Diodes Incorporated has a 12 month low of $60.00 and a 12 month high of $97.37.

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

Diodes Company 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.