Forum Financial Management LP Sells 359 Shares of Diodes Incorporated $DIOD

Forum Financial Management LP lowered its position in Diodes Incorporated (NASDAQ:DIOD) by 3.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 11,676 shares of the semiconductor company’s stock after selling 359 shares during the period. Forum Financial Management LP’s holdings in Diodes were worth $618,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Allianz Asset Management GmbH increased its holdings in shares of Diodes by 7.6% in the second quarter. Allianz Asset Management GmbH now owns 114,876 shares of the semiconductor company’s stock worth $6,076,000 after purchasing an additional 8,100 shares during the period. Bayforest Capital Ltd increased its holdings in shares of Diodes by 30.1% in the second quarter. Bayforest Capital Ltd now owns 7,843 shares of the semiconductor company’s stock worth $415,000 after purchasing an additional 1,814 shares during the period. Verdence Capital Advisors LLC increased its holdings in shares of Diodes by 2.8% in the second quarter. Verdence Capital Advisors LLC now owns 7,764 shares of the semiconductor company’s stock worth $411,000 after purchasing an additional 213 shares during the period. Atria Wealth Solutions Inc. bought a new position in shares of Diodes in the second quarter worth $255,000. Finally, Envestnet Portfolio Solutions Inc. bought a new position in shares of Diodes in the second quarter worth $468,000. Institutional investors own 99.23% of the company’s stock.

Insider Activity

In other Diodes news, SVP Emily Yang sold 1,000 shares of the company’s stock in a transaction dated 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 directly owned 59,479 shares in the company, valued at $3,352,236.44. This represents a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Brett R. Whitmire sold 2,000 shares of the stock in a transaction dated 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Diodes in a research report on Friday. Wall Street Zen upgraded shares of Diodes from a “hold” rating to a “buy” rating in a research report on Sunday, August 31st. Finally, Zacks Research upgraded shares of Diodes from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Diodes has an average rating of “Moderate Buy” and an average price target of $55.00.

Diodes Stock Performance

NASDAQ DIOD opened at $57.05 on Friday. The company has a 50-day simple moving average of $54.00 and a two-hundred day simple moving average of $49.76. The company has a quick ratio of 2.04, a current ratio of 3.33 and a debt-to-equity ratio of 0.01. Diodes Incorporated has a 12-month low of $32.93 and a 12-month high of $67.40. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 41.64 and a beta of 1.63.

Diodes (NASDAQ:DIOD) last posted its quarterly 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 year.

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.