CVA Family Office LLC Has $445,000 Stake in Diodes Incorporated $DIOD

CVA Family Office LLC raised its position in shares of Diodes Incorporated (NASDAQ:DIOD) by 64,285.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 9,014 shares of the semiconductor company’s stock after buying an additional 9,000 shares during the quarter. CVA Family Office LLC’s holdings in Diodes were worth $445,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Salomon & Ludwin LLC acquired a new position in shares of Diodes in the 3rd quarter valued at about $25,000. EverSource Wealth Advisors LLC grew its stake in Diodes by 77.4% during the second quarter. EverSource Wealth Advisors LLC now owns 470 shares of the semiconductor company’s stock worth $25,000 after purchasing an additional 205 shares during the period. Geneos Wealth Management Inc. bought a new stake in Diodes in the second quarter worth approximately $30,000. MAI Capital Management lifted its stake in Diodes by 150.0% in the third quarter. MAI Capital Management now owns 685 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 411 shares during the period. Finally, Quarry LP acquired a new position in Diodes in the third quarter valued at approximately $39,000. 99.23% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on DIOD shares. Wall Street Zen raised shares of Diodes from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Zacks Research downgraded shares of Diodes from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 11th. Weiss Ratings upgraded shares of Diodes from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, January 21st. Benchmark lifted their price target 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, Truist Financial upped their price objective on shares of Diodes from $54.00 to $67.00 and gave the company a “hold” rating in a report on Wednesday, February 11th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $65.67.

Insider Transactions at Diodes

In other news, Director Keh Shew Lu sold 111,000 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $67.76, for a total value of $7,521,360.00. Following the completion of the transaction, the director directly owned 180,131 shares of the company’s stock, valued at $12,205,676.56. This represents a 38.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Emily Yang sold 950 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $60.85, for a total value of $57,807.50. Following the sale, the senior vice president directly owned 74,032 shares of the company’s stock, valued at $4,504,847.20. The trade was a 1.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 116,205 shares of company stock worth $7,837,213. 1.90% of the stock is owned by insiders.

Diodes Stock Up 1.7%

DIOD opened at $73.47 on Thursday. Diodes Incorporated has a fifty-two week low of $32.93 and a fifty-two week high of $81.71. The firm has a market capitalization of $3.37 billion, a P/E ratio of 51.74 and a beta of 1.61. The company’s 50-day moving average is $64.35 and its 200 day moving average is $55.98. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.32 and a quick ratio of 2.08.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Tuesday, February 10th. The semiconductor company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. The business had revenue of $391.58 million during the quarter, compared to the consensus estimate of $380.03 million. Diodes had a net margin of 4.46% and a return on equity of 2.95%. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.27 EPS. Research analysts expect that Diodes Incorporated will post 1.82 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.