Legato Capital Management LLC Has $1.03 Million Position in Diodes Incorporated (NASDAQ:DIOD)

Legato Capital Management LLC increased its stake in shares of Diodes Incorporated (NASDAQ:DIOD) by 27.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,338 shares of the semiconductor company’s stock after acquiring an additional 3,053 shares during the quarter. Legato Capital Management LLC’s holdings in Diodes were worth $1,031,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC acquired a new stake in shares of Diodes in the 4th quarter valued at approximately $30,000. EntryPoint Capital LLC acquired a new position in shares of Diodes during the 1st quarter valued at $40,000. Riverview Trust Co bought a new stake in Diodes during the 1st quarter valued at $51,000. Principal Securities Inc. bought a new stake in shares of Diodes in the 4th quarter worth $74,000. Finally, NBC Securities Inc. grew its position in Diodes by 62.3% during the first quarter. NBC Securities Inc. now owns 1,227 shares of the semiconductor company’s stock valued at $86,000 after buying an additional 471 shares during the period. Institutional investors and hedge funds own 99.23% of the company’s stock.

Insider Activity

In related news, CEO Keh Shew Lu sold 20,010 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $67.25, for a total value of $1,345,672.50. Following the completion of the sale, the chief executive officer now owns 246,492 shares of the company’s stock, valued at $16,576,587. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Keh Shew Lu sold 20,010 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $67.25, for a total value of $1,345,672.50. Following the completion of the transaction, the chief executive officer now owns 246,492 shares of the company’s stock, valued at approximately $16,576,587. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Emily Yang sold 1,272 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $72.16, for a total transaction of $91,787.52. Following the completion of the sale, the senior vice president now directly owns 29,028 shares in the company, valued at $2,094,660.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 21,912 shares of company stock valued at $1,482,795. Insiders own 2.30% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DIOD. Robert W. Baird increased their price target on shares of Diodes from $56.00 to $72.00 and gave the stock a “neutral” rating in a report on Friday, May 10th. Truist Financial dropped their price target on Diodes from $74.00 to $69.00 and set a “hold” rating for the company in a research note on Friday, August 9th. Finally, StockNews.com lowered Diodes from a “hold” rating to a “sell” rating in a research report on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $73.20.

Diodes Stock Performance

Shares of DIOD stock traded down $1.22 during trading hours on Tuesday, reaching $68.61. 91,152 shares of the company’s stock were exchanged, compared to its average volume of 353,092. Diodes Incorporated has a 1 year low of $58.96 and a 1 year high of $86.74. The company has a market cap of $3.16 billion, a P/E ratio of 18.69 and a beta of 1.35. The company’s 50 day moving average is $73.02 and its two-hundred day moving average is $71.34. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.18 and a quick ratio of 2.05.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings data on Thursday, August 8th. The semiconductor company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. The firm had revenue of $319.80 million during the quarter, compared to analyst estimates of $316.12 million. Diodes had a return on equity of 9.11% and a net margin of 11.36%. Diodes’s quarterly revenue was down 31.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.59 earnings per share. Equities research analysts anticipate that Diodes Incorporated will post 1.8 EPS for the current fiscal 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.