Wed Sep 25 08:26:49 UTC 2024: ## Envestnet Asset Management Cuts Diodes Incorporated Holdings While Other Institutions Buy In

**New York, NY – September 25, 2024** – Envestnet Asset Management Inc., a prominent investment firm, reduced its stake in Diodes Incorporated (NASDAQ: DIOD) by 6.6% during the second quarter, according to HoldingsChannel. The fund now owns 212,199 shares of the semiconductor company, valued at $15,263,000.

This move contrasts with several other institutional investors who increased their holdings in Diodes during the same period. Notably, GAMMA Investing LLC significantly boosted its stake by 66.5%, now owning 453 shares worth $33,000. SummerHaven Investment Management LLC also raised its position by 2.7% to 8,101 shares, valued at $583,000.

Other institutions, including O Shaughnessy Asset Management LLC, Arizona State Retirement System, and Azzad Asset Management Inc. ADV, also saw increases in their Diodes holdings. Overall, institutional investors and hedge funds collectively own 99.23% of the company’s stock.

In recent insider transactions, SVP Emily Yang sold 1,272 shares on August 26th for $72.16 per share. Following the sale, Yang now directly owns 29,028 shares. CEO Keh Shew Lu also sold 20,010 shares on August 19th at an average price of $67.25 per share.

Diodes Incorporated, a leading semiconductor supplier, reported earnings for the second quarter on August 8th, beating analysts’ estimates with $0.33 EPS. The company’s revenue, however, fell 31.5% year-over-year. Analysts currently forecast an EPS of 1.6 for the current year.

Diodes Incorporated is a global player in the discrete semiconductor market, offering a wide range of products including MOSFETs, diodes, and transistors.

This news highlights the mixed sentiment surrounding Diodes Incorporated, with some institutional investors reducing their positions while others are increasing their holdings. The company’s recent earnings performance and future prospects will likely influence investor decisions moving forward.

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