CreativeOne Wealth LLC Grows Stock Position in Diodes Incorporated (NASDAQ:DIOD)

CreativeOne Wealth LLC raised its position in Diodes Incorporated (NASDAQ:DIOD) by 15.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,568 shares of the semiconductor company’s stock after purchasing an additional 613 shares during the period. CreativeOne Wealth LLC’s holdings in Diodes were worth $322,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Diodes during the 4th quarter worth about $31,240,000. Frontier Capital Management Co. LLC increased its position in Diodes by 478.5% during the 4th quarter. Frontier Capital Management Co. LLC now owns 391,415 shares of the semiconductor company’s stock worth $31,517,000 after purchasing an additional 323,759 shares in the last quarter. Channing Capital Management LLC increased its position in Diodes by 19.8% during the 4th quarter. Channing Capital Management LLC now owns 1,009,445 shares of the semiconductor company’s stock worth $81,281,000 after purchasing an additional 166,934 shares in the last quarter. Sei Investments Co. increased its position in Diodes by 23.5% during the 4th quarter. Sei Investments Co. now owns 724,397 shares of the semiconductor company’s stock worth $58,328,000 after purchasing an additional 137,676 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Diodes by 2.3% during the 1st quarter. Vanguard Group Inc. now owns 5,782,828 shares of the semiconductor company’s stock worth $407,689,000 after purchasing an additional 132,101 shares in the last quarter. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Diodes

In related news, Director Peter M. Menard sold 630 shares of Diodes stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $71.96, for a total value of $45,334.80. Following the transaction, the director now owns 18,050 shares of the company’s stock, valued at approximately $1,298,878. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Diodes news, Director Peter M. Menard sold 630 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $71.96, for a total transaction of $45,334.80. Following the completion of the sale, the director now directly owns 18,050 shares in the company, valued at approximately $1,298,878. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Keh Shew Lu sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $75.30, for a total value of $1,129,500.00. Following the sale, the chief executive officer now owns 87,331 shares of the company’s stock, valued at $6,576,024.30. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,630 shares of company stock worth $2,272,715. 2.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Robert W. Baird increased their target price on shares of Diodes from $56.00 to $72.00 and gave the stock a “neutral” rating in a research report on Friday, May 10th. Truist Financial increased their price objective on shares of Diodes from $67.00 to $74.00 and gave the company a “hold” rating in a research report on Friday, May 10th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $74.20.

Diodes Stock Performance

DIOD traded up $1.71 during trading hours on Friday, hitting $80.27. 313,109 shares of the stock were exchanged, compared to its average volume of 362,113. The stock has a 50-day simple moving average of $75.28 and a 200-day simple moving average of $71.60. Diodes Incorporated has a 12 month low of $60.00 and a 12 month high of $94.93. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 21.87 and a beta of 1.36. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.18 and a quick ratio of 2.05.

Diodes (NASDAQ:DIOD) last announced its quarterly earnings data on Thursday, May 9th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.01. The firm had revenue of $301.90 million for the quarter, compared to analysts’ expectations of $305.47 million. Diodes had a return on equity of 9.11% and a net margin of 11.36%. The firm’s revenue for the quarter was down 35.4% on a year-over-year basis. During the same period last year, the business posted $1.59 earnings per share. Analysts anticipate that Diodes Incorporated will post 1.8 earnings per share for the current year.

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.