Sequoia Financial Advisors LLC Takes Position in Diodes Incorporated $DIOD

Key Points

• Sequoia Financial Advisors LLC acquired a new stake in Diodes Incorporated, purchasing 5,719 shares valued at approximately $302,000 during the second quarter.
• Several institutional investors increased their holdings in Diodes, with 99.23% of the stock now owned by these entities, indicating strong institutional interest.
• Wall Street analysts have recently upgraded Diodes' stock ratings, with a consensus target price of $55.00 and an average rating of "Moderate Buy".

Sequoia Financial Advisors LLC purchased a new stake in Diodes Incorporated (NASDAQ:DIOD - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 5,719 shares of the semiconductor company's stock, valued at approximately $302,000.

A number of other institutional investors and hedge funds have also made changes to their positions in DIOD. Signaturefd LLC raised its stake in shares of Diodes by 170.1% in the 1st quarter. Signaturefd LLC now owns 597 shares of the semiconductor company's stock valued at $26,000 after acquiring an additional 376 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in shares of Diodes by 283.1% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 544 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 402 shares during the period. Fifth Third Bancorp increased its stake in Diodes by 85.8% during the 2nd quarter. Fifth Third Bancorp now owns 628 shares of the semiconductor company's stock worth $33,000 after buying an additional 290 shares during the period. Parallel Advisors LLC increased its stake in Diodes by 52.0% during the 2nd quarter. Parallel Advisors LLC now owns 757 shares of the semiconductor company's stock worth $40,000 after buying an additional 259 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Diodes during the 1st quarter worth approximately $70,000. 99.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DIOD. Zacks Research raised shares of Diodes from a "strong sell" rating to a "hold" rating in a research note on Monday, October 6th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Diodes in a research note on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Diodes from a "hold" rating to a "buy" rating in a research note on Sunday, August 31st. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $55.00.

Diodes Trading Down 3.6%

Shares of Diodes stock opened at $56.25 on Thursday. The company has a fifty day simple moving average of $53.84 and a 200-day simple moving average of $49.46. Diodes Incorporated has a 12-month low of $32.93 and a 12-month high of $67.40. The company has a current ratio of 3.33, a quick ratio of 2.04 and a debt-to-equity ratio of 0.01. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of 41.06 and a beta of 1.63.

Diodes (NASDAQ:DIOD - Get Free Report) last issued its earnings results on Tuesday, March 8th. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter. Diodes had a net margin of 4.59% and a return on equity of 2.98%. The business had revenue of $350.37 million during the quarter. On average, equities analysts forecast that Diodes Incorporated will post 1.82 EPS for the current fiscal year.

Insider Buying and Selling at Diodes

In related news, SVP Emily Yang sold 1,000 shares of the stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $56.36, for a total transaction of $56,360.00. Following the completion of the sale, the senior vice president owned 59,479 shares in the company, valued at $3,352,236.44. This represents a 1.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Brett R. Whitmire sold 2,000 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $55.90, for a total transaction of $111,800.00. Following the sale, the chief financial officer owned 48,777 shares of the company's stock, valued at approximately $2,726,634.30. This represents a 3.94% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company's stock.

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.

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