Atria Wealth Solutions Inc. Acquires New Position in Diodes Incorporated $DIOD

Atria Wealth Solutions Inc. acquired a new stake in Diodes Incorporated (NASDAQ:DIOD) in the 2nd quarter, Holdings Channel reports. The fund acquired 4,816 shares of the semiconductor company’s stock, valued at approximately $255,000.

Other institutional investors also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB raised its position in Diodes by 283.1% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 544 shares of the semiconductor company’s stock worth $29,000 after buying an additional 402 shares during the last quarter. Signaturefd LLC grew its stake in 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. Fifth Third Bancorp grew its stake in Diodes by 85.8% in the 2nd quarter. Fifth Third Bancorp now owns 628 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 290 shares during the period. Parallel Advisors LLC grew its stake in Diodes by 52.0% in the 2nd quarter. Parallel Advisors LLC now owns 757 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 259 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Diodes during the 1st quarter worth $70,000. 99.23% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports 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 restated a “hold (c-)” rating on shares of Diodes in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Diodes from a “hold” rating to a “buy” rating in a research note on Sunday, August 31st. One investment 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $55.00.

Diodes Stock Performance

Shares of Diodes stock opened at $58.38 on Wednesday. The firm has a market capitalization of $2.71 billion, a P/E ratio of 42.61 and a beta of 1.63. Diodes Incorporated has a 52 week low of $32.93 and a 52 week high of $67.40. The company has a quick ratio of 2.04, a current ratio of 3.33 and a debt-to-equity ratio of 0.01. The firm’s 50 day moving average is $53.81 and its two-hundred day moving average is $49.41.

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

Insider Activity at Diodes

In other news, SVP Emily Yang sold 1,000 shares of the stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $56.36, for a total value of $56,360.00. Following the completion of the sale, the senior vice president directly owned 59,479 shares of the company’s stock, valued at approximately $3,352,236.44. This represents a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value of $111,800.00. Following the sale, the chief financial officer directly owned 48,777 shares of the company’s stock, valued at approximately $2,726,634.30. This represents a 3.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by corporate insiders.

About Diodes

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.