9,650 Shares in Diodes Incorporated $DIOD Purchased by Evergreen Capital Management LLC

Key Points

• Evergreen Capital initiated a new position in Diodes Incorporated (DIOD), buying 9,650 shares in Q4 (~$476,000); institutional investors now own about 99.23% of the stock.
• Company insiders, including CFO Brett R. Whitmire and CEO Gary Yu, have been net sellers—insiders sold a total of 116,205 shares (≈$7.84M) over the past 90 days, leaving insiders with 1.70% ownership.
• DIOD beat quarterly expectations (EPS $0.34 vs. $0.26 est.; revenue $391.6M, +15.4% YoY), has seen several analyst upgrades and a consensus "Moderate Buy" with an average target of $92.67, while the stock trades near its 52-week high (~$104).

Evergreen Capital Management LLC purchased a new position in Diodes Incorporated (NASDAQ:DIOD - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 9,650 shares of the semiconductor company's stock, valued at approximately $476,000.

Several other institutional investors also recently modified their holdings of the business. Tributary Capital Management LLC increased its position in Diodes by 7.1% during the 4th quarter. Tributary Capital Management LLC now owns 346,023 shares of the semiconductor company's stock valued at $17,073,000 after buying an additional 22,903 shares in the last quarter. Farther Finance Advisors LLC increased its position in Diodes by 51.4% during the 4th quarter. Farther Finance Advisors LLC now owns 589 shares of the semiconductor company's stock valued at $29,000 after buying an additional 200 shares in the last quarter. State of Alaska Department of Revenue increased its position in Diodes by 0.9% during the 4th quarter. State of Alaska Department of Revenue now owns 25,574 shares of the semiconductor company's stock valued at $1,261,000 after buying an additional 231 shares in the last quarter. Azzad Asset Management Inc. ADV increased its position in Diodes by 12.1% during the 4th quarter. Azzad Asset Management Inc. ADV now owns 22,116 shares of the semiconductor company's stock valued at $1,091,000 after buying an additional 2,382 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in Diodes by 8.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 235,351 shares of the semiconductor company's stock valued at $12,104,000 after buying an additional 17,363 shares in the last quarter. 99.23% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Brett R. Whitmire sold 830 shares of the business's stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $60.85, for a total transaction of $50,505.50. Following the completion of the sale, the chief financial officer directly owned 67,141 shares in the company, valued at approximately $4,085,529.85. The trade was a 1.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Gary Yu sold 2,900 shares of the business's stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $60.85, for a total transaction of $176,465.00. Following the sale, the chief executive officer owned 111,671 shares of the company's stock, valued at $6,795,180.35. This trade represents a 2.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 116,205 shares of company stock valued at $7,837,213 over the last ninety days. 1.70% of the stock is owned by insiders.

Diodes Stock Performance

Shares of DIOD stock opened at $104.40 on Monday. The company has a 50 day moving average price of $73.97 and a 200-day moving average price of $60.53. Diodes Incorporated has a 52 week low of $36.74 and a 52 week high of $108.00. The firm has a market capitalization of $4.80 billion, a PE ratio of 73.52 and a beta of 1.58. The company has a quick ratio of 2.08, a current ratio of 3.32 and a debt-to-equity ratio of 0.01.

Diodes (NASDAQ:DIOD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 10th. The semiconductor company reported $0.34 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.08. Diodes had a net margin of 4.46% and a return on equity of 2.95%. The firm had revenue of $391.58 million during the quarter, compared to analyst estimates of $380.03 million. During the same period in the previous year, the business posted $0.27 earnings per share. The business's revenue for the quarter was up 15.4% on a year-over-year basis. As a group, equities research analysts expect that Diodes Incorporated will post 2.45 earnings per share for the current year.

Analyst Ratings Changes

DIOD has been the subject of a number of analyst reports. Truist Financial raised Diodes from a "hold" rating to a "buy" rating and raised their price objective for the company from $67.00 to $98.00 in a research report on Monday, April 13th. Zacks Research upgraded shares of Diodes from a "strong sell" rating to a "hold" rating in a research note on Monday, April 13th. Wall Street Zen upgraded shares of Diodes from a "hold" rating to a "buy" rating in a research note on Saturday, February 14th. Benchmark raised their price objective on shares of Diodes from $62.00 to $80.00 and gave the company a "buy" rating in a research note on Wednesday, February 11th. Finally, Weiss Ratings upgraded shares of Diodes from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $92.67.

Diodes Company Profile

Diodes Incorporated NASDAQ: DIOD is a global manufacturer and supplier of high‐performance discrete, logic, analog and mixed‐signal semiconductor products. Headquartered in Plano, Texas, the company designs and develops a broad range of discrete components, standard logic functions, power management circuits, interface products and array products. Its portfolio includes rectifiers, MOSFETs, general‐purpose diodes, voltage regulators, comparators, buffers and other building blocks for electronic systems.

Diodes Incorporated serves a variety of end markets such as automotive, computing, communications, consumer electronics, industrial and lighting.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.