Easterly Investment Partners LLC Purchases 7,301 Shares of Diodes Incorporated (NASDAQ:DIOD)

Easterly Investment Partners LLC boosted its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 102.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,412 shares of the semiconductor company’s stock after acquiring an additional 7,301 shares during the period. Easterly Investment Partners LLC’s holdings in Diodes were worth $924,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in shares of Diodes by 66.5% during the second quarter. GAMMA Investing LLC now owns 453 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 181 shares in the last quarter. EntryPoint Capital LLC bought a new stake in Diodes during the 1st quarter valued at $40,000. Innealta Capital LLC purchased a new position in shares of Diodes in the 2nd quarter valued at $88,000. EMC Capital Management raised its position in shares of Diodes by 25.8% in the 1st quarter. EMC Capital Management now owns 1,632 shares of the semiconductor company’s stock worth $115,000 after acquiring an additional 335 shares in the last quarter. Finally, Hantz Financial Services Inc. bought a new position in shares of Diodes in the 2nd quarter worth $147,000. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Diodes Stock Up 2.3 %

DIOD stock opened at $64.23 on Friday. The stock has a market capitalization of $2.98 billion, a PE ratio of 31.03 and a beta of 1.32. Diodes Incorporated has a 52 week low of $58.44 and a 52 week high of $86.74. The company has a quick ratio of 2.10, a current ratio of 3.38 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average of $62.61 and a 200 day moving average of $69.25.

Diodes (NASDAQ:DIOD) last posted its quarterly earnings data on Thursday, August 8th. The semiconductor company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03. Diodes had a net margin of 7.12% and a return on equity of 5.76%. The business had revenue of $319.80 million during the quarter, compared to the consensus estimate of $316.12 million. The business’s revenue for the quarter was down 31.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.59 earnings per share. Sell-side analysts forecast that Diodes Incorporated will post 1.55 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Brett R. Whitmire sold 1,900 shares of Diodes stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $69.99, for a total transaction of $132,981.00. Following the completion of the sale, the chief financial officer now owns 46,365 shares of the company’s stock, valued at $3,245,086.35. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Diodes news, SVP Emily Yang sold 1,272 shares of Diodes stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $72.16, for a total transaction of $91,787.52. Following the completion of the transaction, the senior vice president now owns 29,028 shares in the company, valued at approximately $2,094,660.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Brett R. Whitmire sold 1,900 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $69.99, for a total value of $132,981.00. Following the completion of the sale, the chief financial officer now owns 46,365 shares in the company, valued at $3,245,086.35. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,182 shares of company stock valued at $1,640,921. 2.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

DIOD has been the topic of several analyst reports. StockNews.com lowered Diodes from a “hold” rating to a “sell” rating in a research note on Wednesday, August 21st. Truist Financial cut their price objective on shares of Diodes from $69.00 to $62.00 and set a “hold” rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $71.80.

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.