Corient Private Wealth LLC Has $2.01 Million Stock Holdings in Diodes Incorporated (NASDAQ:DIOD)

Corient Private Wealth LLC grew its stake in Diodes Incorporated (NASDAQ:DIOD) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 32,505 shares of the semiconductor company’s stock after purchasing an additional 328 shares during the period. Corient Private Wealth LLC owned approximately 0.07% of Diodes worth $2,005,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Truvestments Capital LLC bought a new position in shares of Diodes in the third quarter valued at approximately $29,000. Smartleaf Asset Management LLC lifted its position in Diodes by 198.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 785 shares of the semiconductor company’s stock worth $48,000 after buying an additional 522 shares in the last quarter. KBC Group NV grew its holdings in Diodes by 36.7% during the 4th quarter. KBC Group NV now owns 1,987 shares of the semiconductor company’s stock worth $123,000 after acquiring an additional 533 shares during the last quarter. Quest Partners LLC acquired a new stake in Diodes in the 3rd quarter valued at about $184,000. Finally, Verdence Capital Advisors LLC bought a new position in shares of Diodes in the fourth quarter worth about $250,000. 99.23% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Emily Yang sold 950 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total value of $53,238.00. Following the completion of the transaction, the senior vice president now directly owns 65,107 shares of the company’s stock, valued at approximately $3,648,596.28. This represents a 1.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brett R. Whitmire sold 830 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $56.04, for a total value of $46,513.20. Following the completion of the sale, the chief financial officer now owns 51,525 shares in the company, valued at approximately $2,887,461. This trade represents a 1.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,680 shares of company stock worth $262,267 in the last 90 days. Corporate insiders own 2.30% of the company’s stock.

Wall Street Analyst Weigh In

DIOD has been the subject of a number of research reports. Truist Financial lowered their price target on shares of Diodes from $63.00 to $53.00 and set a “hold” rating for the company in a report on Wednesday, February 12th. Benchmark dropped their price objective on Diodes from $74.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 12th.

Diodes Stock Up 3.6 %

Diodes stock opened at $46.92 on Tuesday. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 49.39 and a beta of 1.31. The company’s 50 day simple moving average is $53.68 and its 200 day simple moving average is $59.20. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.26 and a quick ratio of 1.99. Diodes Incorporated has a fifty-two week low of $44.24 and a fifty-two week high of $86.74.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.27). Diodes had a net margin of 3.36% and a return on equity of 3.28%. As a group, sell-side analysts anticipate that Diodes Incorporated will post 1.82 EPS for the current year.

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.