Insight Wealth Strategies LLC Purchases 7,524 Shares of Diodes Incorporated (NASDAQ:DIOD)

Insight Wealth Strategies LLC raised its position in shares of Diodes Incorporated (NASDAQ:DIOD) by 32.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,005 shares of the semiconductor company’s stock after acquiring an additional 7,524 shares during the period. Insight Wealth Strategies LLC’s holdings in Diodes were worth $2,186,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of DIOD. Charles Schwab Investment Management Inc. raised its position in shares of Diodes by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 510,422 shares of the semiconductor company’s stock valued at $40,242,000 after buying an additional 15,029 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Diodes by 42.8% during the third quarter. Van ECK Associates Corp now owns 9,040 shares of the semiconductor company’s stock valued at $713,000 after buying an additional 2,710 shares during the last quarter. State of New Jersey Common Pension Fund D raised its position in shares of Diodes by 19.0% during the third quarter. State of New Jersey Common Pension Fund D now owns 30,723 shares of the semiconductor company’s stock valued at $2,422,000 after buying an additional 4,905 shares during the last quarter. Deutsche Bank AG raised its position in shares of Diodes by 12.0% during the third quarter. Deutsche Bank AG now owns 27,412 shares of the semiconductor company’s stock valued at $2,161,000 after buying an additional 2,935 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Diodes by 3.4% during the third quarter. PNC Financial Services Group Inc. now owns 8,440 shares of the semiconductor company’s stock valued at $665,000 after buying an additional 274 shares during the last quarter. 99.23% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other 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 sale, the director now directly owns 18,050 shares of the company’s stock, valued at $1,298,878. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, 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 sale, the chief executive officer now directly owns 102,996 shares of the company’s stock, valued at $7,614,494.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the director now directly owns 18,050 shares in the company, valued at $1,298,878. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 30,630 shares of company stock valued at $2,272,715. 2.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

Diodes Price Performance

Diodes stock traded down $0.56 during trading hours on Wednesday, hitting $72.61. 197,432 shares of the stock were exchanged, compared to its average volume of 217,532. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.05 and a current ratio of 3.18. The stock has a market capitalization of $3.35 billion, a P/E ratio of 19.78 and a beta of 1.39. Diodes Incorporated has a 12 month low of $60.00 and a 12 month high of $96.68. The business’s 50-day moving average is $72.09 and its two-hundred day moving average is $71.46.

Diodes (NASDAQ:DIOD) last issued its quarterly earnings data on Thursday, May 9th. The semiconductor company reported $0.28 earnings per share 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 net margin of 11.36% and a return on equity of 9.11%. The company’s quarterly revenue was down 35.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.59 earnings per share. Equities research analysts expect that Diodes Incorporated will post 1.8 EPS for the current fiscal year.

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.