RBA Wealth Management LLC Acquires 1,083 Shares of Diodes Incorporated (NASDAQ:DIOD)

RBA Wealth Management LLC increased its holdings in Diodes Incorporated (NASDAQ:DIOD) by 2.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,548 shares of the semiconductor company’s stock after purchasing an additional 1,083 shares during the quarter. RBA Wealth Management LLC owned approximately 0.12% of Diodes worth $3,987,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of DIOD. Gotham Asset Management LLC boosted its position in Diodes by 101.0% during the third quarter. Gotham Asset Management LLC now owns 35,965 shares of the semiconductor company’s stock valued at $2,835,000 after acquiring an additional 18,072 shares during the last quarter. Schonfeld Strategic Advisors LLC raised its holdings in shares of Diodes by 28.2% during the third quarter. Schonfeld Strategic Advisors LLC now owns 15,130 shares of the semiconductor company’s stock valued at $1,193,000 after purchasing an additional 3,330 shares during the period. AQR Capital Management LLC raised its holdings in shares of Diodes by 88.3% during the third quarter. AQR Capital Management LLC now owns 83,397 shares of the semiconductor company’s stock valued at $6,575,000 after purchasing an additional 39,097 shares during the period. Earnest Partners LLC raised its holdings in shares of Diodes by 2.3% during the third quarter. Earnest Partners LLC now owns 2,134,515 shares of the semiconductor company’s stock valued at $168,285,000 after purchasing an additional 47,472 shares during the period. Finally, Lido Advisors LLC acquired a new position in shares of Diodes during the third quarter valued at about $269,000. Institutional investors own 99.23% of the company’s stock.

Diodes Price Performance

Shares of Diodes stock traded up $0.54 on Thursday, hitting $72.55. 106,636 shares of the company traded hands, compared to its average volume of 303,363. The firm’s 50-day simple moving average is $72.72 and its 200 day simple moving average is $71.38. The company has a current ratio of 3.18, a quick ratio of 2.05 and a debt-to-equity ratio of 0.01. The company has a market cap of $3.34 billion, a P/E ratio of 19.77 and a beta of 1.36. Diodes Incorporated has a 12-month low of $60.00 and a 12-month high of $96.68.

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

Insiders Place Their Bets

In related news, CEO Keh Shew Lu sold 6,000 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $73.93, for a total transaction of $443,580.00. Following the transaction, the chief executive officer now owns 102,996 shares in the company, valued at $7,614,494.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Peter M. Menard sold 630 shares of the stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $71.96, for a total transaction of $45,334.80. Following the transaction, the director now owns 18,050 shares in the company, valued at $1,298,878. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Keh Shew Lu sold 6,000 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $73.93, for a total transaction of $443,580.00. Following the transaction, the chief executive officer now owns 102,996 shares in the company, valued at approximately $7,614,494.28. The disclosure for this sale can be found here. Insiders have sold a total of 30,630 shares of company stock valued at $2,272,715 in the last quarter. Insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.