Creative Planning increased its stake in shares of Diodes Incorporated (NASDAQ:DIOD – Free Report) 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.
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.
Get Our Latest Research Report on Diodes
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.
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