Connable Office Inc. Sells 217 Shares of Diodes Incorporated (NASDAQ:DIOD)

Connable Office Inc. decreased its holdings in shares of Diodes Incorporated (NASDAQ:DIOD) by 3.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,555 shares of the semiconductor company’s stock after selling 217 shares during the quarter. Connable Office Inc.’s holdings in Diodes were worth $356,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Diodes by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 5,782,828 shares of the semiconductor company’s stock valued at $407,689,000 after purchasing an additional 132,101 shares during the last quarter. Earnest Partners LLC boosted its position in shares of Diodes by 1.4% during the second quarter. Earnest Partners LLC now owns 2,571,188 shares of the semiconductor company’s stock valued at $184,946,000 after purchasing an additional 36,390 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Diodes by 8.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,913,282 shares of the semiconductor company’s stock valued at $137,620,000 after buying an additional 141,610 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Diodes by 130.9% in the third quarter. Victory Capital Management Inc. now owns 1,744,135 shares of the semiconductor company’s stock worth $111,782,000 after purchasing an additional 988,671 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Diodes by 0.5% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 851,242 shares of the semiconductor company’s stock worth $61,230,000 after buying an additional 4,615 shares during the last quarter. Hedge funds and other institutional investors own 99.23% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Truist Financial reduced their price objective on shares of Diodes from $69.00 to $62.00 and set a “hold” rating for the company in a research note on Friday, November 8th. StockNews.com raised Diodes from a “sell” rating to a “hold” rating in a research report on Monday. Finally, Benchmark dropped their price target on shares of Diodes from $83.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Diodes presently has a consensus rating of “Hold” and an average target price of $72.80.

Insider Buying and Selling

In related news, CEO Keh Shew Lu sold 20,010 shares of the stock in a transaction dated 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. This trade represents a 7.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brett R. Whitmire sold 1,900 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $69.99, for a total value of $132,981.00. Following the sale, the chief financial officer now directly owns 46,365 shares in the company, valued at $3,245,086.35. The trade was a 3.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,182 shares of company stock worth $1,640,921. 2.30% of the stock is owned by insiders.

Diodes Stock Performance

NASDAQ:DIOD opened at $55.01 on Friday. The company has a current ratio of 3.58, a quick ratio of 2.21 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a 12-month low of $53.97 and a 12-month high of $86.74. The stock has a 50-day moving average price of $62.07 and a 200 day moving average price of $68.89. The stock has a market capitalization of $2.55 billion, a P/E ratio of 41.67 and a beta of 1.32.

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.