Diodes Incorporated (NASDAQ:DIOD) Holdings Raised by Creative Planning

Creative Planning increased its stake in Diodes Incorporated (NASDAQ:DIOD) by 30.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,920 shares of the semiconductor company’s stock after purchasing an additional 2,298 shares during the quarter. Creative Planning’s holdings in Diodes were worth $636,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of DIOD. Vanguard Group Inc. lifted its stake in Diodes by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 5,782,828 shares of the semiconductor company’s stock worth $407,689,000 after acquiring an additional 132,101 shares in the last quarter. Earnest Partners LLC lifted its position in shares of Diodes by 1.4% in the second quarter. Earnest Partners LLC now owns 2,571,188 shares of the semiconductor company’s stock worth $184,946,000 after purchasing an additional 36,390 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Diodes by 8.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,913,282 shares of the semiconductor company’s stock worth $137,620,000 after purchasing an additional 141,610 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its position in Diodes by 0.5% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 851,242 shares of the semiconductor company’s stock valued at $61,230,000 after purchasing an additional 4,615 shares in the last quarter. Finally, Sei Investments Co. increased its stake in Diodes by 5.7% in the 2nd quarter. Sei Investments Co. now owns 783,448 shares of the semiconductor company’s stock valued at $56,353,000 after buying an additional 42,192 shares during the period. 99.23% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DIOD has been the subject of a number of research reports. StockNews.com lowered shares of Diodes from a “hold” rating to a “sell” rating in a research note on Wednesday, August 21st. Truist Financial lowered their target price on Diodes from $74.00 to $69.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $73.20.

Diodes Trading Up 0.0 %

Diodes stock opened at $60.19 on Tuesday. Diodes Incorporated has a one year low of $58.44 and a one year high of $86.74. The company’s fifty day moving average price is $63.24 and its two-hundred day moving average price is $69.45. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.38 and a quick ratio of 2.10. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 29.08 and a beta of 1.32.

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

Insider Activity

In other Diodes news, SVP Emily Yang sold 1,000 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $70.48, for a total transaction of $70,480.00. Following the completion of the transaction, the senior vice president now owns 59,820 shares of the company’s stock, valued at $4,216,113.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Brett R. Whitmire sold 1,900 shares of Diodes stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $69.99, for a total transaction of $132,981.00. Following the sale, the chief financial officer now directly owns 46,365 shares of the company’s stock, valued at $3,245,086.35. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Emily Yang sold 1,000 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $70.48, for a total value of $70,480.00. Following the completion of the transaction, the senior vice president now directly owns 59,820 shares of the company’s stock, valued at approximately $4,216,113.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 24,182 shares of company stock valued at $1,640,921 over the last 90 days. 2.30% of the stock is currently owned by company insiders.

Diodes Company Profile

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.