Creative Planning Boosts Position in Diodes Incorporated (NASDAQ:DIOD)

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

Other large investors also recently made changes to their positions in the company. BNP Paribas Financial Markets increased its holdings in Diodes by 113.2% in the 1st quarter. BNP Paribas Financial Markets now owns 72,116 shares of the semiconductor company’s stock valued at $5,084,000 after purchasing an additional 38,296 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Diodes by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 5,782,828 shares of the semiconductor company’s stock valued at $407,689,000 after buying an additional 132,101 shares during the period. Seven Eight Capital LP purchased a new stake in shares of Diodes during the 1st quarter valued at about $1,055,000. Bessemer Group Inc. raised its holdings in shares of Diodes by 7.4% during the 1st quarter. Bessemer Group Inc. now owns 144,875 shares of the semiconductor company’s stock valued at $10,213,000 after buying an additional 9,924 shares during the period. Finally, William Blair Investment Management LLC lifted its position in Diodes by 19.0% during the 1st quarter. William Blair Investment Management LLC now owns 479,614 shares of the semiconductor company’s stock worth $33,813,000 after acquiring an additional 76,447 shares in the last quarter. Institutional investors and hedge funds own 99.23% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on DIOD shares. Truist Financial reduced their target price on shares of Diodes from $74.00 to $69.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. StockNews.com cut shares of Diodes from a “hold” rating to a “sell” rating in a research report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $73.20.

Diodes Trading Up 0.0 %

NASDAQ DIOD opened at $60.19 on Tuesday. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 29.08 and a beta of 1.32. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.38 and a quick ratio of 2.10. Diodes Incorporated has a 12 month low of $58.44 and a 12 month 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.

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

Insider Buying and Selling at Diodes

In related news, CFO Brett R. Whitmire sold 1,900 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $69.99, for a total transaction of $132,981.00. Following the completion of the sale, the chief financial officer now owns 46,365 shares of the company’s stock, valued at $3,245,086.35. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Keh Shew Lu sold 20,010 shares of the business’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 transaction, the chief executive officer now owns 246,492 shares of the company’s stock, valued at approximately $16,576,587. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Brett R. Whitmire sold 1,900 shares of the 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 completion of the sale, the chief financial officer now directly owns 46,365 shares in the company, valued at approximately $3,245,086.35. This trade represents a 0.00 % decrease in their position. 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 90 days. Insiders own 2.30% of the company’s stock.

Diodes 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.