Inspire Investing LLC Makes New Investment in Diodes Incorporated (NASDAQ:DIOD)


Inspire Investing LLC acquired a new position in shares of Diodes Incorporated (NASDAQ:DIOD – Get Rating ) during the first quarter, Holdings Channel.com reports. The firm acquired 2,704 shares of the semiconductor company’s stock, valued at approximately $235,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Mutual of America Capital Management LLC boosted its holdings in Diodes by 2.6% during the 4th quarter. Mutual of America Capital Management LLC now owns 6,150 shares of the semiconductor company’s stock valued at $675,000 after purchasing an additional 154 shares during the period. Lazard Asset Management LLC boosted its holdings in Diodes by 12.0% in the 4th quarter. Lazard Asset Management LLC now owns 1,473 shares of the semiconductor company’s stock valued at $161,000 after purchasing an additional 158 shares during the period. Intrust Bank NA boosted its holdings in Diodes by 1.7% during the 4th quarter. Intrust Bank NA now owns 10,547 shares of the semiconductor company’s stock valued at $1,158,000 after buying an additional 175 shares during the period. AE Wealth Management LLC boosted its holdings in Diodes by 2.9% in the first quarter. AE Wealth Management LLC now owns 6,764 shares of the semiconductor company’s stock valued at $588,000 after purchasing an additional 191 shares during the period. Finally, Oregon Public Employees Retirement Fund raised its position in Diodes by 1.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 17,377 shares of the semiconductor company’s stock valued at $1,908,000 after acquiring an additional 234 shares in the last quarter. Institutional investors own 93.74% of the company’s shares.

In other news, VP Francis Tang bought 2,000 shares of the stock in a transaction on Thursday, April 14th. The shares were purchased at an average price of $70.00 per share, for a total value of $140,000.00. Following the transaction, the senior vice president now owns 45,989 shares in the company, valued at approximately $3,219,230. The purchase was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed via this hyperlink. Also, CFO Brett R. Whitmire sold 600 shares of Diodes stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $60.00 for a total value of $36,000.00. Following the sale, the chief financial officer now directly owns 27,125 shares of the company’s stock, valued at approximately $1,627,500. Disclosure of this sale can be found here. 2.60% of shares are owned by company insiders.

Diodes stock opened at $65.19 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.49, and a quick ratio of 1.69. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of 11.36 and a beta of 1.22. Diodes Incorporated has a 1-year low of $58.52 and a 1-year high of $113.98. The business has a fifty day moving average of $70.83 and a 200 day moving average of $82.67.

Diodes (NASDAQ:DIOD – Get Rating ) last posted its quarterly earnings data on Wednesday, May 4th. The semiconductor company reported $1.75 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.20. The firm had revenue of $482.10 million during the quarter, compared to analysts’ expectations of $480.45 million. Diodes had a return on equity of 21.94% and a net margin of 13.98%. The business’s quarterly revenue was up 16.7% year over year. In the same quarter last year, the firm earned $0.93 EPS. On average, equities research analysts expect that Diodes Incorporated will post 6.93 earnings per share for the current fiscal year.

Several brokerages have issued reports on DIOD. StockNews.com began coverage on Diodes in a research report on Thursday, March 31st. They assign a “buy” rating to the stock. Truist Financial reduced their target price on Diodes from $125.00 to $97.00 in a research report on Friday, April 8th.

Profile of the diodes (Get Rating)

Diodes Incorporated designs, manufactures, and supplies application-specific standard products to the discrete, logic, analog, and mixed-signal semiconductor markets worldwide. It focuses on semiconductor devices with a small number of leads with one or more active or passive components. The company offers discrete semiconductor products such as MOSFETs, TVS and Schottky rectifiers; GPP bridges and rectifiers and Schottky diodes; Zener and performance Zener diodes, including tight tolerance and low operating current type; standard, fast, super fast and ultra fast recovery rectifiers; bridge rectifiers; switching diodes; small-signal bipolar and pre-biased transistors; thyristor surge protection devices; and transient voltage suppressors.

See also

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Institutional Ownership by Quarter for Diodes (NASDAQ:DIOD)



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