Diodes Incorporated (NASDAQ:DIOD) Shares Purchased by Creative Planning

Creative Planning increased its stake in shares of Diodes Incorporated (NASDAQ:DIOD) by 75.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,622 shares of the semiconductor company’s stock after purchasing an additional 3,279 shares during the period. Creative Planning’s holdings in Diodes were worth $548,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. GAMMA Investing LLC grew its stake in Diodes by 66.5% during the 2nd quarter. GAMMA Investing LLC now owns 453 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 181 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in Diodes during the 1st quarter valued at about $40,000. Riverview Trust Co purchased a new stake in Diodes during the 1st quarter valued at about $51,000. Innealta Capital LLC purchased a new stake in Diodes during the 2nd quarter valued at about $88,000. Finally, NBC Securities Inc. grew its stake in Diodes by 62.3% during the 1st quarter. NBC Securities Inc. now owns 1,227 shares of the semiconductor company’s stock valued at $86,000 after acquiring an additional 471 shares in the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

Diodes Trading Up 1.1 %

Shares of Diodes stock opened at $65.35 on Tuesday. Diodes Incorporated has a 1 year low of $58.50 and a 1 year high of $86.74. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.10 and a current ratio of 3.38. The company has a market capitalization of $3.01 billion, a P/E ratio of 17.81 and a beta of 1.32. The company’s fifty day moving average is $63.85 and its two-hundred day moving average is $70.05.

Diodes (NASDAQ:DIOD) last issued its earnings results on Thursday, August 8th. The semiconductor company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. Diodes had a net margin of 7.12% and a return on equity of 5.76%. The business had revenue of $319.80 million for the quarter, compared to the consensus estimate of $316.12 million. During the same quarter in the previous year, the firm earned $1.59 earnings per share. The business’s quarterly revenue was down 31.5% compared to the same quarter last year. Analysts forecast that Diodes Incorporated will post 1.55 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Keh Shew Lu sold 20,010 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $67.25, for a total transaction of $1,345,672.50. Following the completion of the sale, the chief executive officer now directly owns 246,492 shares of the company’s stock, valued at approximately $16,576,587. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Emily Yang sold 1,272 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $72.16, for a total value of $91,787.52. Following the transaction, the senior vice president now directly owns 29,028 shares in the company, valued at approximately $2,094,660.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Keh Shew Lu sold 20,010 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $67.25, for a total transaction of $1,345,672.50. Following the completion of the transaction, the chief executive officer now owns 246,492 shares in the company, valued at approximately $16,576,587. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 24,182 shares of company stock worth $1,640,921 over the last ninety days. 2.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. StockNews.com cut shares of Diodes from a “hold” rating to a “sell” rating in a research note on Wednesday, August 21st. Truist Financial decreased their price objective on shares of Diodes from $74.00 to $69.00 and set a “hold” rating on the stock in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $73.20.

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.