Glenmede Trust Co. NA Sells 17,290 Shares of Diodes Incorporated $DIOD

Glenmede Trust Co. NA decreased its stake in Diodes Incorporated (NASDAQ:DIOD - Free Report) by 8.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 187,529 shares of the semiconductor company's stock after selling 17,290 shares during the quarter. Glenmede Trust Co. NA owned 0.41% of Diodes worth $12,801,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DIOD. Vanguard Group Inc. grew its position in shares of Diodes by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 6,154,859 shares of the semiconductor company's stock worth $303,681,000 after buying an additional 166,603 shares during the period. Dimensional Fund Advisors LP boosted its stake in Diodes by 2.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,436,359 shares of the semiconductor company's stock worth $166,294,000 after acquiring an additional 53,934 shares during the last quarter. Geode Capital Management LLC boosted its stake in Diodes by 0.9% during the 4th quarter. Geode Capital Management LLC now owns 1,350,436 shares of the semiconductor company's stock worth $66,640,000 after acquiring an additional 11,799 shares during the last quarter. Global Alpha Capital Management Ltd. grew its holdings in Diodes by 1.6% during the fourth quarter. Global Alpha Capital Management Ltd. now owns 855,090 shares of the semiconductor company's stock valued at $42,190,000 after purchasing an additional 13,420 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Diodes by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 797,316 shares of the semiconductor company's stock valued at $39,340,000 after purchasing an additional 17,506 shares during the period. Institutional investors own 99.23% of the company's stock.

Insiders Place Their Bets

In related news, SVP Andy Tsong sold 1,582 shares of the company's stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $106.95, for a total value of $169,194.90. Following the completion of the transaction, the senior vice president directly owned 48,170 shares of the company's stock, valued at approximately $5,151,781.50. This represents a 3.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Francis Tang sold 15,330 shares of the stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $112.04, for a total value of $1,717,573.20. Following the transaction, the chief technology officer owned 71,438 shares of the company's stock, valued at approximately $8,003,913.52. This trade represents a 17.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 70,981 shares of company stock worth $7,616,906 in the last ninety days. 1.70% of the stock is owned by insiders.

Analyst Ratings Changes

DIOD has been the topic of several analyst reports. Truist Financial increased their target price on shares of Diodes from $98.00 to $139.00 and gave the stock a "buy" rating in a report on Friday, May 8th. Weiss Ratings reissued a "hold (c)" rating on shares of Diodes in a report on Wednesday, July 15th. Robert W. Baird set a $120.00 price objective on shares of Diodes in a research report on Friday, May 8th. Finally, Zacks Research downgraded Diodes from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 15th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Diodes presently has a consensus rating of "Moderate Buy" and a consensus target price of $113.00.

Diodes Stock Performance

Shares of DIOD stock opened at $82.32 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.97 and a current ratio of 3.17. The company has a market capitalization of $3.78 billion, a P/E ratio of 44.74 and a beta of 1.91. The company's 50 day moving average price is $100.95 and its two-hundred day moving average price is $84.90. Diodes Incorporated has a 52 week low of $42.28 and a 52 week high of $125.99.

Diodes (NASDAQ:DIOD - Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.08. Diodes had a net margin of 5.50% and a return on equity of 3.48%. The company had revenue of $405.47 million during the quarter, compared to analysts' expectations of $396.33 million. During the same quarter in the prior year, the company earned $0.19 earnings per share. The business's quarterly revenue was up 22.1% compared to the same quarter last year. On average, analysts expect that Diodes Incorporated will post 2.58 earnings per share for the current fiscal year.

About Diodes

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.

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